Issue of Equity

23 March 2011

Earthport plc ('Earthport' or 'the Company')

Issue of Equity

Earthport has applied to the London Stock Exchange for 5,270,631 new ordinary shares of 10 pence each to be admitted to trading on AIM. These shares have been issued in relation to the previously announced Joint Share Ownership Plan ("JSOP") under which awards were made to Zafar Karim, Chief Financial Officer, and Paul Thomas, Sales & Marketing Director plus two other employees of the Company.

It is expected that Admission will become effective on 24 March 2011. The New Ordinary Shares will rank pari passu in all respects with the existing issued Ordinary Shares.

Following Admission, the Company's enlarged issued share capital will comprise 202,580,300 ordinary shares with one voting right per share. There are no shares held in treasury and the total number of voting rights in the Company is therefore 202,580,300.

This figure of 202,580,300 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

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