Payment of contingent consideration

Payment of contingent consideration to certain vendors of FANS Entertainment Inc.

London, 07 July 2017 - Paysafe Group plc (LSE: PAYS, "Paysafe" or the "Company") announces that it has paid a total of USD3,315,000 in cash to certain of the vendors of FANS Entertainment Inc. ("FANS"), the Montreal-based mobile platform developer, in return for those vendors giving up their rights to be issued 790,908 shares in a subsidiary of Paysafe (the "Earn-out Shares"). The Earn-out Shares would have been exchangeable, on a one-for-one basis, for ordinary shares of Paysafe of 0.01 pence per share ("Ordinary Shares") if certain financial performance criteria had been achieved over three years.

On 28 May 2015, Paysafe announced the acquisition of FANS for consideration of C$16 million (approx. USD13 million) payable to the vendors by issuing shares in a subsidiary of Paysafe (the "Consideration Shares"), to be exchanged on a one-for-one basis, for Ordinary Shares over three years. The total number of Consideration Shares was 3,163,633, of which 790,908 (being the Earn-out Shares) were subject to the satisfaction of certain financial performance criteria.

Prior to this announcement, 980,758 Consideration Shares had yet to be exchanged. Following this cash payment, the total number of Consideration Shares which have yet to be exchanged on a one-for-one basis into Ordinary Shares is 189,850.

About Paysafe

Paysafe provides digital payments and transaction-related solutions to businesses and consumers around the world. Paysafe is redefining payments by enabling fast, convenient and secure ways to pay before, pay now and pay later through its payment processing, digital wallets, prepaid solutions and card issuing, and acquiring products and services. We believe that every point of every payment should be relevant, simple and secure. With two decades of experience, Paysafe is trusted by businesses and consumers to move and manage money through more than 100 payment types and 40 currencies. Paysafe offers multi-platform products with an emphasis on emerging payment technologies including mobile. Paysafe's brand portfolio includes NETELLER® and Skrill®, MeritCard, paysafecard®, payolution®, Income Access and FANS Entertainment. Paysafe Group plc shares trade on the London Stock Exchange under the symbol (PAYS.L). For more information, visit: www.paysafe.com.

For further information, contact:

Elliott Wiseman, General Counsel & Chief Compliance Officer, Paysafe Group plc

[email protected] 

Tel: +44 (0)203 697 2413

Brian Buckley / Rowan Brown, Brunswick Group LLP

[email protected] 

+44 (0) 20 7404 5959