NETELLER'S ASIAN BOSS STEPS DOWN

6 April 2007

But Johnson will continue to consult and will stay on the Board as a non-executive director

Dale Johnson, the highly experienced businessman who has spearheaded the Neteller group progress in the Asian and Pacific markets for the past three years has retired as an executive director of the company but will remain on the Board as a non-executive director with consulting duties.

Johnson's Far Eastern responsibilities will be managed on a day-to-day basis by Joyce Wong, Vice President & General Manager of Neteller Asia Pacific.

Appointed president of Asia Pacific operations for the e-wallet in March 2004, Johnson has over 30 years experience in corporate leadership, operations management, business development, project management and turnarounds for private and public companies.

A founding shareholder and principal of Tri Ocean Engineering Ltd., he spent the early part of his career engaged in large scale project management, including projects in the North Sea, Canada and Peru. He subsequently founded and served as president of Alpeco Limited, a specialised oilfield equipment packager.

In a press release today (Tuesday) Neteller thanked Johnson for his significant contribution as both an executive director of the company and most recently as head of the group’s Asian Pacific operations.

"Over the past one and a half years, Dale and the regional team have extended the group’s products and services in Asia into higher value added activities and new markets," the release states. "Neteller's Asian business has become consistently profitable and is firmly established as one of the largest independent e-money transfer providers in the region.

"Asia is the fastest growing region within Neteller's business, in large part due to implementing new channel and pricing strategies, and new payment options, in markets such as Japan, China and Australia. Neteller is also energetically examining emerging markets with increasing potential such as Taiwan and Philippines. The ability to leverage Neteller’s extensive resources and experience provides a strong foundation for success in Asia.

"The Board looks forward to Dale’s continuing contribution as a non-executive director. In addition, Dale will continue to assist the Neteller group in a consultancy role on a number of strategic planning initiatives which the group is currently progressing."

No reason other than retirement was given for Johnson's departure.

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