Conversion of Convertible Debenture

For immediate release

Optimal Payments Plc

Optimal Payments Plc

Conversion of Convertible Debenture

LONDON, England - 24 January 2014 - Optimal Payments Plc (AIM: OPAY) (the "Company") confirms that on 24 January 2014 it received a Conversion Notice (the "Notice") from IIU Nominees Limited ("IIU") in relation to a Convertible Debenture granted by the Company to IIU on 31 January 2011 (the "Instrument"). The Instrument is held by IIU on behalf of Primatur Limited, an investment company wholly owned by Dermot Desmond.

The principal amount of the Instrument is US$4,000,000 and together with accrued interest, the outstanding amount is $4,758,892.36. The Instrument is convertible into ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") at a price of £0.66248 per Ordinary Share.

Following receipt of the Notice, the Instrument has been converted into 4,330,406 Ordinary Shares (the "New Ordinary Shares"). Following the conversion, IIU holds a total of 40,186,032 Ordinary Shares, representing 25.2% of the Company's issued share capital.

Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will occur on 30 January 2014. The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares.

Following Admission, it is expected that the Company will have 159,783,073 Ordinary Shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information contact:

Optimal Payments Plc

Elaine Swain, Company Secretary + 44 (0) 1624 698 715

[email protected]

Canaccord Genuity Limited

Corporate Broking + 44 (0) 20 7523 8000

Simon Bridges

Cameron Duncan