Earthport Regulatory News (EPO)

12 August 2011

Earthport plc ('Earthport' or 'the Company')

Debt to Equity Conversion and Issue of Equity

Earthport plc, the global payments utility, has agreed with the holder of a Loan Note ("Note") to convert the Note to equity. As a result, £500,000 of debt plus £64,536 accrued interest has been converted to 3,707,955 new ordinary shares of 10 pence each. The Note was converted using the average closing share price of the last five days, ending 10 August. Following this conversion, Earthport has no outstanding debt.

Earthport has also applied to the London Stock Exchange for 3,707,955 New Ordinary Shares of 10 pence each to be admitted to trading on AIM. It is expected that Admission will become effective on 17 August 2011. The New Ordinary Shares will rank pari passu in all respects with the existing issued Ordinary Shares.

Following Admission, the Company's enlarged issued share capital will comprise 206,288,255 ordinary shares with one voting right per share. There are no shares held in treasury and the total number of voting rights in the Company is therefore 206,288,255.

This figure of 206,288,255 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will 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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