More Details on the Neteller Bust

16 January 2007

Two former directors, and founding shareholders, of payment processing firm Neteller Plc were detained on Monday in the United States.

The company said today in a prepared statement that while traveling separately, Stephen Lawrence and John Lefebvre were detained by U.S. authorities. It is believed at least one was arrested in Los Angeles, though details are as yet unclear. Charges have not yet been filed.

Other than as shareholders, neither has any current position with or connection to Neteller. Lawrence resigned as a non-executive director on Oct. 13, 2006 and Lefebvre resigned as a non-executive director on Dec. 15 2005.

The company said it has not received any communication or correspondence from any U.S. authority regarding this or any related matter.

The board of directors requested an immediate temporary suspension of its shares on the London Stock Exchange (AIM) until the situation is clarified.