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Capital Changes

03/02/09

Capital Changes


Planet Payment [UK: LSE:AIM: PPT and PPTR; USA: OTCQX: PLPM], a leading international multi-currency payment and data processor, announces the following changes in its issued share capital.

The Company announces that it has applied to AIM for 298,790 new Common Shares to be admitted to trading as a result of the payment of annual interest on the Inter-Atlantic promissory note issued in 2005.  The new shares are to be admitted to the Reg. S line trading under PPTR.

The Company also announces that, following the termination of restrictions on the stock under U.S. securities law, it has applied to AIM for 589,466 shares to be transferred from the Reg S line, trading under PPTR, to the unrestricted line trading under PPT. 

Following the admission of all of the above shares the Company will have a total of 27,229,797 issued and outstanding Common Shares of which 20,308,979 Shares will be trading on AIM under the ticker PPT, the unrestricted line and 6,920,818 Shares will be trading on AIM under the ticker PPTR, the Reg S line.  All unrestricted shares are tradable on the OTCQX in the United States under the ticker PLPM.

Dealings in the above shares are expected to commence on 6th March 2009.

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Enquiries to:

Planet Payment, Inc.
Graham N. Arad, SVP & General Counsel Tel: + 1 516 670 3200
www.planetpayment.com


Redleaf Communications Ltd (UK PR for Planet Payment)
Emma Kane / Samantha Robbins /
Henry Columbine planet@redleafpr.com
Tel: +44 20 7822 0200
ICR, Inc. (US PR for Planet Payment)
Brian Prenoveau, CFA / Ashley Ammon MacFarlane Tel: +1 203 682 8200

Canaccord Adams Limited (UK) (Nomad for Planet Payment)
Mark Williams
Tel +44 20 7050 6500
Canaccord Adams, Inc. (US) (DAD for Planet Payment)
Andy Viles Tel: +1 617-371-3900

About Planet Payment®

Planet Payment’s Common shares trade in the UK on AIM under the symbols PPT for unrestricted Common shares and PPTR for Reg S Common shares and in the United States on the OTCQX under the symbol PLPM.

Planet Payment enables processors, acquiring banks and their merchants to accept, process and reconcile credit card transactions in multiple currencies, allowing cardholders to view prices and settle transactions in their native currency.  The Pay in Your Currency service is a component of Planet Payment’s suite of multi-currency processing solutions, which include a multi-currency pricing e-commerce service and a Dynamic Currency Conversion service. Planet Payment’s BuyVoice™, a mobile payment and commerce solution, allows merchants to accept payments and sell product to customers using any mobile or landline phone. With the iPAY™ gateway, Planet Payment also offers comprehensive Internet processing solutions for credit card and electronic check payments.

Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, London, Hong Kong, Shanghai and Singapore.

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