PayPoint secures new investors and remains independent
1 July 2004

PayPoint secures new investors and remains independent

PayPoint, a leading UK payment collection network, announces that a group of leading institutional investors have bought the 54.4% stake owned by British Telecommunications plc and EdF Energy plc.

This agreement was reached after the previous arrangements between BT, EdF and Alphyra had terminated. This means that Alphyra neither has any stake in PayPoint nor will it be taking over PayPoint as it previously implied in its statement of 27th February 2004.

Dominic Taylor, Chief Executive, PayPoint said:

"This is a massive vote of confidence in PayPoint and its management team. We have attracted a group of high quality institutional investors who have bought the stakes of two of our original investors who wished to sell. We would like to thank BT and EdF for their tremendous support as founding shareholders in PayPoint and we are delighted that they remain as long term committed clients. PayPoint has a great future ahead as an independent company and we are looking forward to introducing a number of new products and services in the coming months which we believe will benefit our customers and retailers."

Enquiries:

Finsbury Group 020 7251 3801

Rollo Head

Don Hunter

For Press and Investor Relation Enquiries please contact Don Hunter at
Finsbury Group
52 - 58 Tabernacle Street
London EC2A 4NJ
0207 2513801

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PayPoint secures new investors and remains independent
1 July 2004
PayPoint, a leading UK payment collection network, announces that a group of leading institutional investors have bought the 54.4% stake owned by British Telecommunications plc and EdF Energy plc

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