flexecash® Cards Now Accepted Online by Argos

1 December 2016

Park Group plc

("Park" or the "Group")

flexecash® Cards Now Accepted Online by Argos

Park Group plc, the UK's leading multi-retailer gift voucher and prepaid gift card business focused on the corporate and consumer markets, today announces that its flexecash® cards can now be used for online fast track collection services at www.argos.co.uk. This deepens the relationship with Argos, which already accepts the cards for in-store purchases in over 840 stores nationwide.

flexecash® is the IT infrastructure developed in-house and owned by Park which allows the issue and processing of prepaid gift cards. This platform empowers brands within the Group to deliver flexible corporate and consumer gift and reward schemes to suit the requirements of an ever-expanding and diversifying customer base.

Since its launch in 2010 with just 11 retailers, flexecash® is now accepted by 95 UK retailers comprising around 14,000 outlets, including household names such as M&S, Boots and Debenhams. Over £500 million of value has been loaded onto the cards to date.

Chris Houghton, Chief Executive Officer of Park commented: "Being able to shop online at Argos is a huge benefit to all flexecash® cardholders and we are very excited that this option has been made available in time for Christmas.

"As we had hoped, flexecash® has proved as versatile as it is attractive to our end customers, but we are not resting on our laurels. We listen closely to what our consumer and corporate customers want and are constantly looking to expand the choice of retailers, and develop new products, services and digital applications to better serve them."

To find out more about flexecash® applications please visit www.parkgroup.co.uk/flexecash.aspx.

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