Further re Acquisition

Datacash Group PLC 30 March 2007 30 March 2007 DataCash Group plc ("DataCash" or the "Company") Proposed Acquisition of NetGiro Systems AB ("NetGiro") On 26 February 2007 the Board of DataCash announced that it had been informed that the Extraordinary General Meeting of NetGiro International AB ("NetGiro International"), which was due to be held on 26 February 2007, had been adjourned until 30 March 2007 and that this had been done to allow the Board of NetGiro International time to consider an alternative proposal which it had received. The Board of DataCash has been informed by NetGiro International today that the Extraordinary General Meeting reconvened for today has been held but that the requisite majority required to pass the resolution to amend the articles of association of NetGiro International has not been achieved. NetGiro International has also informed DataCash that it believes that the closing conditions under the share purchase agreement entered into between the Company and NetGiro International on the 8 February 2007 (the "SPA") will not be satisfied by the long stop date under the SPA. The Company is clarifying the position with NetGiro International but given the outcome of the Extraordinary General Meeting it appears unlikely that the Company's proposed acquisition of NetGiro will proceed. The Company is taking advice from its lawyers as to the legal remedies that are available to it arising out of the conduct of NetGiro International and one of its shareholders in the period leading up to the Extraordinary General Meeting and at the Extraordinary General Meeting itself. A further announcement will be made in due course. Enquiries DataCash Group plc David Bailey - Deputy Chairman 0870 7274760 Keith Butcher - Commercial Director 0870 7274760 Paul Burton - Chief Financial Officer 0870 7274760 MJ2 Business Communications Alice Proctor / Tim McCall 020 7491 7776 / 07958 167 119 This information is provided by RNS The company news service from the London Stock Exchange

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