Board Change

5 October 2012

Earthport plc

("Earthport" or the "Company")

Board Changes

The Board of Earthport plc, (AIM: EPO.L), the cross-border payments service, announces that Zafar Karim, Chief Financial Officer and Executive Director, will be stepping down from the Board at the next Board meeting, scheduled for 31 October 2012. He will continue to assist the Company during a transitional period to the end of the year. Zafar joined the Company in 2009 and has played a vital role in restructuring, turning around and building Earthport over the last several years. Prior to joining Earthport, Zafar was involved in investing and restructuring activities to which he will return. The Board would like to thank Zafar for his contribution to the Company and wish him well for the future.

The Board is pleased to announce that Christopher (Chris) Cowlard will join the Earthport Board as an Executive Director effective immediately. Chris joined Earthport in January 2011 and is the Chief Operating Officer of the Company, a role in which he will continue.

Prior to joining Earthport, Chris worked at ADP Wilco (now Broadridge) from 1992 to 2005 in a variety of technical, client leadership and management roles, delivering software and services to investment banks. From 2005 to 2011, Chris was Global Client Delivery Director at Coexis Ltd and then Head of Client Services at GBST Ltd, delivering and working closely to service global investment banks.

Since joining Earthport, Chris has been instrumental in the reorganisation and refocus of Earthport and continues to lead all operational and technical functions of the Company.

Hank Uberoi, Executive Director of Earthport commented, "Over the past three years, Earthport has successfully transitioned to become a global white-label provider of a cost effective and transparent secure international payments service. We have a growing customer base and have seen monthly transaction volumes grow significantly. Zafar has been instrumental in that transition. We would like to thank him for his commitment to the growth and restructuring of the business and wish him well in his future endeavours.

"We are now a truly international business, with banking partners in over 50 countries and many types of customers of varying sizes at varying phases of implementation. In his role as COO, Chris has overseen much of this expansion and the growing sophistication of the offering. We are delighted that he will be joining the Board."

Christopher John Cowlard, aged 41, currently holds options over 3 million shares in the Company with an exercise price of 25p per share. The options over 2 million of these shares are subject to certain performance criteria. He has no current Directorships. There are no other disclosures required by paragraph (g) of Schedule 2 to the AIM Rules. 

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About Earthport

Earthport plc, a regulated global financial services organisation, specialises in the provision of a white label cross-border payments service.

Through its innovative payments framework, specifically designed for high volumes of low value cross-border payments, Earthport provides a cost-effective and transparent service for secure international payments. Earthport's customers include banks, foreign exchange businesses, money transfer organisations, payment aggregators and e-commerce businesses. Through Earthport's well established payments infrastructure, customers can clear and settle payments directly to banked beneficiaries in over 50 countries.

The company is headquartered in London and is listed on the Alternative Investment Market (AIM) on the London Stock Exchange. It operates globally with additional regional offices in Dubai and New York. Earthport plc is authorised and regulated by the Financial Services Authority under the Payment Service Regulations 2009 for the provision of payment services. To learn more, please visit www.earthport.com and follow us on Twitter @Earthport.