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For immediate release: 20 December 2011 MoneySwap Plc ("MoneySwap", the "Group" or the "Company") MoneySwap Opens Up Chinese Market to Overseas Firms MoneySwap Appointed As Merchant Acquirer to Alipay's Online Platform MoneySwap Plc (AIM:SWAP), is pleased to announce that it has signed an agreement with Alipay, the Chinese online payment company as a merchant acquirer. Under the agreement, MoneySwap will be responsible for acquiring overseas merchants to Alipay's online payment platform which enables merchants to process online payments made by China UnionPay debit and credit cards, as well as Visa and Mastercard. China UnionPay is China's leading card issuer. Alipay (www.alipay.com) is a leading third-party online payment solution based in China, providing an easy, safe and secure way for individuals and businesses to make and receive payments on the Internet. According to its website, as at September 2011, Alipay partnered with more than 65 financial institutions, including 19 leading national and 45 regional banks across China, as well as Visa and MasterCard. In addition, Alipay also facilitates offline value-added services through a strategic partnership with China Post, which has coverage of both rural areas and university campuses in China.

In its first annual report since listing on AIM, MoneySwap (LON:SWAP) said its revenues rose more than fourfold and outlined its plans for the future, including expansion and setting up a foreign currency exchange. MoneySwap, a developer of an innovative peer-to-peer foreign exchange (forex) trading platform, listed on the AIM market in London with a £3 million placing in August. According to MoneySwap, the listing on the AIM market has enhanced both its credibility and opportunity to win clients and commercial partners in Asia, its main focus area. In addition to that, the group intends to use its London quote to expand business through acquisitions. “We will continue to focus on building a strong pipeline in both existing and new markets and ensuring our services are competitive, secure and scalable. With our team's track record, expertise and commitment I look forward to 2012 with optimism,” said chief executive of MoneySwap Richard Proksa. The group aims to build communities of both small and medium sized businesses (SMEs) and individuals that use a MoneySwap account to establish a large foreign currency trading exchange. As at 31 March 2011, MoneySwap had 2,670 individuals registered as users of the group. This had risen to 2,993 by the date of the group's admission to AIM. The group anticipates that once the community of users reaches a certain size, the members will begin trading with each other. Running through the group’s financial results, MoneySwap saw its revenues jump 358 percent to US$512,000 during the year to end March, largely due to contributions from foreign currency exchange transaction services including those for its two major casino customers, Melco Crown and Genting. Despite the substantial increase in revenues, the group’s losses for the year increased 63 percent to US$4.6 million, owing to increased investments in business development. Overhead spending has also increased as the group hired more people, including development and marketing staff, taking salaries expenses from US$0.8 million in the prior year to US$2 million. Post year end, MoneySwap boosted its cash reserves by raising US$5 million via a share placing. Other notable developments that occurred after the end of the financial year included the launch of the QuickPayIT online payment system in Hong Kong, enabling users to pay merchants for goods and services without either party entering or receiving banking information. MoneySwap will receive a fee per transaction made through QuickPayIT. Shares in MoneySwap rallied 17.5 percent to trade at 2.5 pence this morning, giving the company a market cap of £8.5 million.

Online currency processing specialist MoneySwap PLC's (LON:SWAP) new product - QuickPayIT - will be launched later this month in Hong Kong, the firm told investors today. The product, which is not unlike payment processing services such as PayPal, enables its users to pay merchants for goods and services online without the respective parties having to exchange banking information. MoneySwap will then receive a fee from the merchant per transaction, as well as generating revenues from associated foreign currency exchange transactions and money transfers between users. Chief executive of MoneySwap Richard Proksa said today: "We are pleased to be able to confirm the anticipated launch of QuickPayIT within the deadline we had set ourselves and look forward to developing QuickPayIT as the payment solution of choice across a range of key markets in the Asia Pacific region." Meanwhile, the firm announced it has entered into an exclusive revenue sharing agreement with CasaPayer Limited, which is a wholly owned subsidiary of PCG Entertainment Plc. CasaPayer's parent company has already established a significant online player base in the region through its Fugelman and Pilotman game playing and games development platforms. The deal allows CasaPayer to market the company's newly launched QuickPayIT, to the online Asian gaming market under the CasaPayer brand. It replaces the potential agreements in relation to Kolarmy Technology Inc and CasaPayer will now perform the obligations that had been expected to be performed by Kolarmy, said MoneySwap. CasaPayer is expected to be launched locally in Hong Kong in the last quarter of this year and rolled out across the region in the following year. The company says it does not expect that significant revenues will be generated for MoneySwap under the agreement with CasaPayer or under QuickPayIT in the immediate future. The initial term of the agreement between the MoneySwap and CasaPayer is for five years, it added.

Board changes are also afoot at Dee Valley Group, where David Strahan has been announced as the replacement for David Guest, who is set to retire as Finance Director of the water utility at the end of the year. Strahan was Managing Director of Phoenix Supply for 5½ years prior to accepting the Dee Valley job.

Alternative Liquidity Solutions, an investment company which vacuums up secondary hedge fund positions, has admitted that the level of placing commitments it has received has been insufficient to ensure that the net asset value attributable to the ordinary shares would be above the previously stipulated level of 35m pounds, and consequently the placing is not going ahead. The firm said it will now review the options available to it and decide whether there is a realistic prospect of raising sufficient new share capital by December 31st. If there is not, the company's existing ordinary shares will automatically converted into run-off shares, which will then be de-listed and their admission to trading on the main market of the London Stock Exchange cancelled. As previously announced, cash will be returned to shareholders through the redemtion of the run-off shares of a pro rata basis. "In the event that the board determines that there is no realistic prospect of raising sufficient additional share capital by December 31st 2012, as currently seems probable, it will announce this in sufficient time to enable all shareholders to participate in the first redemption," the firm said.

LED's Chief Executive Officer, Stephen Chan, said: "We are very pleased to secure this supply contract of reactance filtering equipment to CNPC Xinjiang, one of the giant state-owned enterprises in the country, that we consider vital to our successful penetration to the emerging energy-savings market together with continuing implementation of energy management contract business model in China."

LED International, a company involved in the development, manufacture, and sale of led module and other led products, has said its subsidiary, Shenzhen Strongbase, has been awarded a contract by a Chinese company for the supply of one set of reactance filtering equipment. The contract is expected to generate LED revenue of around £152,000. Under the contract, Strongbase New will fit out an existing power consumption system (which are based on traditional power generation equipment) in the oilfield at the China National Petroleum Corporation (CNPC) with its reactance filtering equipment. It is expected that the reactance filtering equipment will deliver energy consumption savings of at least 10% to CNPC. The company expects the work to be completed by the start of December at the latest. Strongbase will receive 90% of its payment within one year and begin a three-year warranty period.

Faroe Petroleum is giving up the ghost on its P1161 licence (Freya and Fulla), west of Shetland, in which it has a half-share and is the operator. Analysis of the results from an exploration well (206/5a-3) drilled on the Fulla prospect back in July confirm relatively poor oil quality, smaller than expected resource size and limited access to infrastructure. No economically viable solution has been found to bring these discoveries to development at this time, and consequently the licence will be relinquished. In the meantime the company, which is focused on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway, awaits the results of two UK exploration wells currently being drilled, namely the N. Uist well, in which it has a 6.25% stake, and the Spaniards East well; the former is in the region west of Shetland the latter is in the UK bit of the North Sea. "The high potential West of Shetlands area continues to be a core element of Faroe Petroleum's strategy. The company has considerable knowledge and experience in this important region, holding a large portfolio position there, including the Glenlivet and Tornado gas discoveries, which are progressing towards development," Graham Stewart, Chief Executive Officer of Faroe Petroleum noted.

Caterpillar Inc. (CTA) Director name: Mr Eugene V Fife Amount purchased: 162 @ € 65.74 Value: € 10,650

Spirit Pub Company (SPRT) Director name: Mr Paddy Gallagher Amount purchased: 26,276 @ 60.89p Value: £15,999

F&C Asset Management (FCAM) Director name: Mr Edward Bramson Amount purchased: 20,000 @ 99.78p Value: £19,956

PureCircle Ltd. (DI) (PURE) Director name: Mr Paul E Selway-Swift Amount purchased: 12,000 @ 240.00p Value: £28,800 PureCircle Ltd. (DI) (PURE) Director name: Mr Paul E Selway-Swift Amount purchased: 12,000 @ 240.00p Value: £28,800

Spirit Pub Company (SPRT) Director name: Mr Michael Tye Amount purchased: 93,611 @ 60.89p Value: £57,000

Unilever (ULVR) Director name: Ms Ann M Fudge Amount purchased: 1,600 @ 2,323.50p Value: £37,176

Top Director Buys CLS Holdings (CLI) Director name: Mr Sten A Mortstedt Amount purchased: 17,228 @ 705.50p Value: £121,544

"We continue to expect revenue growth in 2012 to be circa 10% including the full year effect of PacSci and the disposal of the environmental control systems business [in North America] ... with operating margins broadly in line with last year despite the ongoing aftermarket softness and the currency headwind as a result of the appreciation of the Swiss Franc," the company said. The financial position of the group remains strong, driven by a good operating cash flow performance in the first half which has accelerated during the third quarter.

Third quarter organic revenues at Meggitt, the company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, were in line with an exceptionally strong performance from last year. Based on current projections, and notwithstanding the uncertainty in military end markets, the group expects to see percentage revenue growth in the mid-single digits in 2013. The group has seen strong growth in its energy business more than offset continued softness in civil aerospace after-market revenues over the last year. However, Meggitt is now starting to see the anticipated effects of the phased withdrawal of troops from Iraq and Afghanistan have an effect on its military revenues. Civil aerospace end market indicators remain very encouraging, with large jet original equipment deliveries at record levels, and aircraft utilisation continuing to increase underpinned by strong load factors across the industry, Meggitt's interim management statement said. Based on these indicators, the company is expecting to see a resumption of after-market growth during 2013. As for the acquisition of PacSci in April 2011, savings are occurring at a faster rate than initially anticipated and Meggitt remains very confident in delivering the increased cost synergy run rate of $22.5m by the end of 2014.

Car insurance firm Admiral saw a slight decrease in third-quarter turnover but has assured that it is still on track to hit its full-year targets, blaming the decline on seasonal factor. "Little has changed since the half year. The UK car insurance market is cyclical and we are in the softer part of the cycle with premium rates coming down," said Chief Executive Henry Engelhardt. "We believe that the sensible strategy in this part of the cycle is to slow our rate of growth," he said. Group turnover, defined as total premiums written (including co-insurers' share) and other revenue, fell by 2% to £570m during the three months to September 30th, down from £582m in the third quarter of 2011. Specifically, car insurance turnover fell by 5% from £527m to £502m, even though group vehicle count improved by 8% from 3.28m to 3.55m. As such, year-to-date turnover is now just 3% higher year-on-year at £1.74bn (year-to-date 2011: £1.69bn), down from the 6% growth rate seen at the half-year stage. Year-to-date UK car insurance turnover is flat at £1.53bn. Engelhardt said: "As ever, we continue to focus on the quality of our underwriting, on being a low-cost provider of car insurance, giving great service to our customers and on delivering value for our shareholders. We remain on track to meet our expectations for the full year."

The strong showing by the global Injectables business has been driven by new product launches, increased tender sales, better portfolio management and increased demand owing to continuing product shortages in the US market, Hikma said. Over the full year, Hikma now expects to exceed its previous guidance, with revenue of around $460m and adjusted earnings before interest and tax (EBIT) margin above 22%. "We are committed to bringing our Eatontown facility back into full compliance as quickly as possible. More broadly, we are continuing to benefit from the strength of our diversified business model - our Branded business is performing well and our Injectables business is exceeding our expectations," said Said Darwazah, Chief Executive Officer of Hikma. "We are pleased to maintain our guidance for 2012 of around 20% group revenue growth," the statement added.

Hikma Pharmaceuticals is considering the future of its Generics business as its Eatontown facility in New Jersey continues to be dogged by compliance issues. The group has opted to halt commercial production of generic drugs at Eatontown facility in the US until mid-January while it gets to grips with compliance issues raised by the Food & Drug Administration (FDA). "We will continue to supply our customers to the best of our ability through existing inventory and from our FDA approved manufacturing facilities in the Middle East and North Africa region," the company said. The group now expects the Generics division to deliver revenue of around $105m and a loss of around $15m, compared to our previous guidance of break-even. This includes around $5m of non-recurring costs related to remediation and restructuring. The group is reviewing this business and is considering all strategic options. Things are going a lot better elsewhere in the group, with the Branded division performing well and the Injectables business performing ahead of expectations. The group continues to expect around 20% Branded revenue growth for the full year. Excluding adverse currency movements, which are likely to have a small negative impact on margins, Hikma expects Branded gross margin and adjusted operating margin to be broadly in line with 2011.