Management Changes

eServGlobal Limited ("eServGlobal" or the "Company")

Management Changes

10 August 2015

eServGlobal (AIM:ESG & ASX:ESV), the provider of end-to-end mobile financial services to emerging markets, announces that Stephen Blundell is stepping down from his executive role as Chief Operating Officer, from September. He will however remain on the Board of the Company as a non-executive director.

eServGlobal is pleased to announce that Paolo Gagliardi has been appointed as Chief Operating Officer, with effect from September. Mr Gagliardi has been Chief Delivery Officer at eServGlobal since 2013. He has more than 20 years international experience in directing complex, multi-million euro, end-to-end projects in the ICT industry. He has a strong track record of delivering revenue growth and cost saving whilst delivering exemplary customer satisfaction. Mr Gagliardi was Regional Director of Technology for Vodafone and VP of Managed Services for Bharti Limited delivering Managed VAS solutions to Bharti Group mobile operators in emerging markets.

Executive Chairman, John Conoley, said "On behalf of the Board and the employees at eServGlobal, I would like to thank Stephen for his significant contribution over the last 6 years. Initally as CFO, and more recently as COO, he has been an integral part of transforming the Company in the mobile money market and also in development of the HomeSend Joint Venture."

"I look forward to continuing to work with Stephen as a fellow Board member, but am also very pleased to announce that Paolo Gagliardi will lead the operational functions of eServGlobal in his new role as COO. Paolo is a seasoned professional with extensive experience in the telecommunications industry. Paolo and Stephen will continue to work closely together to ensure a smooth transition of the COO role."

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About eServGlobal

eServGlobal (AIM:ESG, ASX:ESV) offers mobile money solutions which put feature-rich services at the fingertips of users worldwide, covering the full spectrum of mobile financial services, mobile wallet, mobile commerce, recharge, promotions and agent management features. eServGlobal invests heavily in product development, using carrier-grade, next-generation technology and aligning with the requirements of more than 65 customers in over 50 countries.

Together with MasterCard and BICS, eServGlobal is a joint venture partner of the HomeSend global payment hub, a market leading solution based on eServGlobal technology and enabling cross-border money transfer between mobile money accounts, payment cards, bank accounts or cash outlets from anywhere in the world regardless of the users location.

eServGlobal also builds on its extensive experience in the telco domain to offer a comprehensive suite of sophisticated, revenue generating Value-Added Services to engage subscribers in a dynamic manner.

eServGlobal has been a source of innovative solutions for mobile and financial service providers for 30 years.