Earthport Regulatory News (EPO)

21 July 2014

Earthport plc

("Earthport", or the "Company")

Earthport joins the Eurogiro network to provide its global paymentsservice to members

As a Eurogiro member Earthport will be able to expand its low value clearing services for payments into accounts of Eurogiro community members

Earthport plc (AIM: EPO), the cross-border payments service provider is pleased to announce that it has signed a membership agreement to partner with Eurogiro, the global payments network for postal organisations, banks and financial institutions.

The agreement to partner on Eurogiro's infrastructure will extend services to Eurogiro members for international low value clearing to the 60 countries where Earthport facilitates local payments, and will enable Earthport to connect to Eurogiro members' extensive client base. Intergration of the networks will be completed over the next few months, followed by promotion of the service to members. As well as providing Eurogiro members the benefits of low value clearing, Earthport also plans to provide value to its existing clients by extending its clearing network to postal accounts through Eurogiro member agreements.

Eurogiro provides connectivity and payment services, predominantly through account to account transfers and cash payments, to its membership community of financial institutions. Earthport brings to this community its efficient, transparent, secure, and multi-currency international payments service.

Eurogiro was founded by a group of European postal organisations focused on improving cross-border payments for their customers. It operates a low value - high volume payments system based on Straight Through Processing (STP), transparency and secure cost-efficiency in all parts of the payment chain. Its reach is now global and includes partnerships with a variety of payment systems and a range of payment methods. Adding Earthport's capabilities to the network will allow members to benefit from additional reach into new markets and account types.

Michel Stuijt, CEO at Eurogiro, commented: "Having Earthport join as a member is a very valuable addition to the Eurogiro community. Earthport's business model cuts cost and adds eficiency to traditional correspondent banking methods by tapping direct into the national clearing systems for account transfers. The connection to Earthport provides, especially for our postal members, a great opportunity to expand out-bound as well as in-bound business."

Hank Uberoi, CEO at Earthport said: "We are proud to join Eurogiro, adding further reach and capabilities to our growing global payments ecosystem."

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About Eurogiro

Eurogiro is a payments network that connects different organizations and payment 'ecosystems' and espouses business ventures among its members consisting of over 60 posts, banks and other financial institutions around the world. It allows its members to explore and develop business opportunities with other Eurogiro members that share a common goal of providing secure, transparent and cost-efficient payment solutions for their clients around the world. Members connect to the highly flexible network and may tap other Eurogiro members that combined reach more than 500,000 branches and 4 billion people in more than 50 countries. Eurogiro runs a SWIFT Closed usergroup and connects to Ericsson Mobile Money Services AB. Eurogiro was founded in 1993 by a group of European Postal institutions and its head quarter is in Copenhagen, Denmark, with an office in Manila. www.eurogiro.com

About Earthport

Earthport plc, a regulated global financial services organisation, specialises in the provision of a white label cross-border payments service.

Through its innovative payments framework, specifically designed for high volumes of low value cross-border payments, Earthport provides a cost-effective and transparent service for secure international payments. Earthport's clients include banks, money transfer organisations, payment aggregators, e-commerce and foreign exchange businesses. Through Earthport's well established payments infrastructure, clients can clear and settle payments directly to banked beneficiaries in 60 countries.

The company is headquartered in London and is listed on the Alternative Investment Market (AIM) on the London Stock Exchange. It operates globally with additional regional offices in Dubai and New York. Earthport plc is authorised and regulated by the Financial Conduct Authority under the Payment Service Regulations 2009 for the provision of payment services. To learn more, please visit www.earthport.com and follow us via RSS or on social channels, Twitter @Earthport, LinkedIn, Youtube and Slideshare.