Placing

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14 October 2010

Earthport plc

("Earthport" or the "Company")

£7.5m raised through successful Placing

Highlights

·; Successfully raised gross proceeds of £7.5m

·; Funds to be used to provide growth and working capital and to strengthen the balance sheet to support Earthport's continued expansion.

Earthport, the global payments utility, is pleased to announce that it has received commitments from several institutional and other investors to subscribe for 62,500,000 Ordinary Shares at 12 pence per share, thereby raising £7.5m, conditional only upon the approval of the issue and allotment of such shares at a general meeting. Irrevocable undertakings to vote in favour of the resolutions required to issue and allot such shares have been received, including from the Directors, in respect of an aggregate of 51,181,367 Ordinary Shares or over 38 percent of the current issued share capital of the Company.

A circular has today been posted to shareholders convening a General Meeting of the Company scheduled for 11 a.m. on 1 November 2010 at the offices of Bird & Bird LLP, 15 Fetter Lane, London EC4A 1JP. The circular will be available on the Company's website www.earthport.com.

Following the Company's last round of fundraising in February 2010, the Board undertook a full strategic review of the Company's existing business, technology platform, management and internal processes, products and market opportunities. Following the completion of this process, the Company re-energised its processes and products and started executing on a focused strategy. The Directors identified key segments in which to expand, and the Company has subsequently signed clients in each of these segments. The Company continues to make progress and has a healthy pipeline of clients and product offerings.

The funds committed will be used to provide growth and working capital and to strengthen the balance sheet to support Earthport's continued expansion.

Application will be made for the Subscription Shares issued pursuant to the Placing to be admitted to trading on AIM.

Schroder Investment Management Limited ("Schroders") has committed to subscribe for £1,650,000 of ordinary shares. This constitutes a related party by virtue of being Substantial Shareholders in the Company (as defined in the AIM Rules for Companies).

Zafar Karim, who is a Director of the Company, has committed to subscribe for £50,000 of ordinary shares. This constitutes a related party by virtue of being a Director of the Company.

The Directors consider, having consulted with their nominated adviser, Panmure Gordon, that the terms on which such commitments have been made are fair and reasonable insofar as shareholders are concerned.

Hank Uberoi, Executive Director at Earthport, said:

"We are very pleased by the confidence of our investors, including several significant institutions, in the progress we have made since the February restructuring. With this funding we will be well positioned, with a solid balance sheet, to continue to accelerate our growth and the Board looks to the future with confidence."

Earthport intends to announce its final results for the year ended 30 June 2010 in early November.

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