Issue of Equity

NEWS RELEASE For Immediate Release

December 18, 2012

Billing Services Group Limited

('BSG' or the 'Company')

Issue of Equity

The Company has today issued 2,250,000 common shares of $0.59446 par value each ("Common Shares") as a result of the exercise of options. Application has been made for the 2,250,000 Common Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on December 21, 2012.

Following this, the Company's issued share capital will consist of 282,415,748 Common Shares.

END

Inquiries:

Billing Services Group Limited +1 210 949 7000

Norm Phipps

finnCap Limited +44 (0)20 7220 0500

Stuart Andrews/Henrik Persson

BSG Media Relations +1 210 326 8992

Leslie Komet Ausburn

About BSG:

BSG is headquartered in San Antonio, Texas, USA and traded on the London Stock Exchange (AIM: BILL). For more information on BSG, visit www.bsgclearing.com.