Further Debt Reduction

NEWS RELEASE

October 3, 2011

Billing Services Group Limited

('BSG' or the 'Company')

Further Debt Reduction

BSG, a leading provider of clearing, settlement, payment and financial risk management solutions to the telecommunications industry, merchants and online stores, announces the repayment of $2.4 million of its senior debt made on September 30, 2011. Accordingly, at the close of business on September 30, 2011, total outstanding senior debt was $41.6 million. This balance reflects cumulative payments of $19.2 million since January 1, 2011, when the Company's outstanding balance totaled $60.8 million.

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Inquiries:

Billing Services Group Limited +1 210 949 7000

Greg Carter

Norm Phipps

Evolution Securities Limited +44 (0)20 7071 4300

Stuart Andrews

BSG Media Relations +1 210 326 8992

Leslie Komet Ausburn

About BSG:

BSG is headquartered in San Antonio, Texas, USA and traded on the London Stock Exchange (AIM: BILL). For more information on BSG, visit www.bsgclearing.com.