Posted on 26.05.2008 at 08:47:18
Posting of Circular

Payzone plc (“Payzone” or the “Company”) 22 May 2008

The Board of Payzone announces that the circular convening an extraordinary general meeting of Payzone, to be held on Monday 16 June 2008 relating, inter alia, to the firm placing to raise gross proceeds of €40.0 million (£31.8m) as described in the announcement of 20 May 2008, has today been posted to shareholders.

The extraordinary general meeting will be held on Monday 16 June 2008 at the Gandon Suite North Room, The O'Callaghan Davenport Hotel, Merrion Square, Dublin 2 at 10 am.

The circular can be downloaded from the Corporate Documents section of the company's website www.payzoneplc.com.

Enquiries:
Financial advisor to Payzone
N M Rothschild & Sons
Telephone: +44 (0) 20 7280 5000
Ed Welsh
Claire Suddens-Spiers 

Nominated Adviser and Broker to Payzone      
Panmure Gordon    
Telephone: +44 (0) 20 7459 3600
Hugh Morgan
Stuart Gledhill
Mark Lander (Corporate Broking) 

Media Enquiries
Powerscourt
Telephone: + 44 (0) 20 7250 1446
Rory Godson 
Paul Durman  

This announcement has been issued by and is the sole responsibility of Payzone. 
N M Rothschild & Sons Limited and Panmure Gordon, each of which is authorised and regulated by the Financial Services Authority, are each acting exclusively for Payzone in connection with the Placing and no-one else and will not be responsible to anyone other than Payzone for providing the protections afforded to their respective clients, or for giving advice in relation to the Placing or any other matter referred to in this press announcement. 

This announcement is for information purposes only and does not constitute an offer or invitation to acquire or dispose of any securities or investment advice in any jurisdiction.  This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire any securities in the capital of Payzone in the United States, Canada, Australia, Japan or the Republic of Ireland or any jurisdiction in which such an offer or solicitation is unlawful and should not be relied upon in connection with any decision to acquire securities in the capital of Payzone. 

The New Ordinary Shares and the New Convertible Preference Shares have not been and will not be registered under the US Securities Act of 1933 as amended (the “Securities Act”) or under the securities laws of any state of the United States and may not be offered or sold within the United States unless they are registered with the US Securities and Exchange Commission or an exemption from registration is available.  No public offering of such shares will be made in the United States. 

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