Re Banking Facilities

    RNS Number : 1696X
  Payzone plc
  20 June 2008
   

    Payzone Secures Banking Facilities

    Payzone Group plc (the 'Company'), the leading European consumer payments and cash distribution network, announces that it has secured
its banking facilities.

    Payzone entered into a facility agreement on 5 December 2007 with the Royal Bank of Scotland for facilities totalling EUR332 million of
which EUR291M were drawn at 31 March 2008. This facility was used to refinance the existing debt within the alphyra and Cardpoint
businesses.

    The Company recently entered into discussions with its banking syndicate to increase the flexibility under its facility agreement
through a resetting of covenants. These discussions have led to changes to the commercial terms of the original facility agreement. The
changes took place in June 2008 and have added increased flexibility to the Company's term facilities.

    Mike Maloney, Chief Executive of Payzone, said:
    "Securing these banking arrangements is great news for Payzone.  Together with the proceeds of the EUR40m issue of equity, agreed this
week, this gives us a firm financial footing from which we can invest in the business, drive growth and build shareholder value."

    Contacts


    
 Financial advisor to Payzone N M              Telephone: +44 (0) 20 7280 5000
 Rothschild & Sons
 Ed Welsh Claire Suddens-Spiers                                               
                                                                              
 Nominated Adviser and Broker to Payzone       Telephone: +44 (0) 20 7459 3600
  Panmure Gordon     
 Hugh MorganStuart GledhillMark Lander                                        
 (Corporate Broking)
                                                                              
 Media EnquiriesPowerscourt                   Telephone: + 44 (0) 20 7250 1446
 Paul Durman Keith Brookbank                                                  




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