Re Directorate

Auxinet PLC
21 December 2001


                                 AUXINET PLC


                               Re: Directorate

21st December 2001

Auxinet plc , the AIM listed Payment Service Provider announces the
resignation, with immediate effect, of its CEO, Marc Wood. to pursue other
interests. As an interim measure, David Bailey, the Chairman, will also assume
the duties of Chief Executive.

In addition, Julian Compton, the Finance Director, has indicated a desire to
seek new challenges after 5 years with the Group, and announces his
resignation from the Group with effect from 31st December 2001. Julian has
been intimately involved in all the changes to the Company in the past 5 years
and we would like to thank him for his efforts and wish him well for the
future. It is anticipated that the announcement of a replacement Finance
Director will be made early in the New Year.

David Bailey, the Chairman, commenting upon trading, said that ' It is
encouraging to report that transaction activity within DataCash has grown at
an accelerated pace in the second half of the year, with October being a
landmark month when, for the first time in the Company's history, more than 1m
transactions were processed in a single month. Total transactions for the
second half are forecast to exceed 5m compared to 3.6m in the first half. The
Platima product has disappointed us so far in failing to produce any
significant revenues, although there are several Business-to-Business
initiatives in negotiation. The Board remains confident that the Group will
achieve profitability in 2002'.


For further information contact:

David Bailey 07836 258558