Result of General Meeting

24 March 2010

Earthport plc ("Earthport") or (the "Company")

Result of General Meeting

Earthport, the global payments utility, confirms that, at the General Meeting held earlier today all the resolutions were passed.

As a result the £3,630,000 Convertible Loan Notes 2010 (the "Loan Notes") have automatically converted into 33,000,000 new Ordinary Shares of 10 pence each ("Ordinary Shares") at a conversion price of 11 pence per share. These shares will rank pari passu with existing shares in the Company.

As part of the conversion of the Loan Notes, 454,545 Ordinary Shares will be issued to HU Investments LLC increasing its holding to 9,554,545 Ordinary Shares representing 7.13% of the enlarged issued ordinary share capital of the Company. Hank Uberoi is beneficially interested in the Ordinary Shares held by HU Investments Limited.

Application has been made for Ordinary Shares issued on the conversion of Loan Notes and 460,000 Ordinary Shares already issued resulting from the earlier exercise of 310,000 Warrants at an exercise price of 23 pence per share and 150,000 Options at an exercise price of 31 pence per share to be admitted to trading on AIM. Admission of such shares to trading on AIM is expected to become effective on Thursday 25 March 2010.

Following the above share issues, the Company's issued share capital is 133,976,340 Ordinary Shares. This figure may be used by shareholders in the Company, to 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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About Earthport

Earthport (www.earthport.com) specialises in the international transactional marketplace by providing a highly secure, high volume global collection and payment capability. It has been making national and international payments and collections since 1998.

Earthport owns, provides and hosts an international money movement platform called the Universal Payments Network. Using this platform, Earthport makes secure, low cost international bank payments and collections worldwide.