Park to launch flex e-gift digital gift cards

For immediate release: 07.00, 20 June 2012

PARK GROUP PLC

("Park" or the "Company")

Park to launch flex e-gift digital gift cards

Park (AIM: PKG.L), the UK's leading gift voucher and prepaid gift card provider, today announces that it has reached an agreement with US-based Giftango Corporation, adding digital gift cards to the Company's expanding range of Love2reward and Love2shop rewards and incentive products.

Building on the success of Park's innovative flexecash® prepaid cards, the flex e-gift digital gift card will be rolled out to Park's 6,000 strong corporate client base initially, and will allow a digital version of the flexecash® product to be delivered via email and SMS on smart phones.

Giftango will securely deliver the flex e-gift card in real-time and customers will receive a fully personalized digital gift card, including card number, security number and expiry date via email and SMS. The digital gift cards can be printed from a PC, or displayed at the point of sale on consumers' smart phones at the time of redemption. Expected to launch toward the end of Summer 2012, the flex e-gift cards can also be branded with each company's corporate identity and include personalized messages explaining why employees or customers have been rewarded.

As well as the benefits for consumers, such as flexibility and easy use, the digital delivery methods remove postage, packaging and fulfilment costs, meaning that businesses can reward customers and employees in a quick, secure and cost effective way.

Chris Houghton, Chief Executive Officer of Park, said: "This latest development represents the next step for Park as we continue to drive innovation and improve further the ways we can service our customers. We have invested in our IT systems and taking our products online, in response to what our customers are telling us and this latest development shows how scalable and flexible our offerings now are. This will give businesses a cost-effective and simple way to incentivise staff and reward customer loyalty, in times when cash conservation is at its most important, whilst the personalised messages will also make customers and staff feel more valued."

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