NETELLER Press Release (Thursday, 12 July 2007)

[CecilBrown]

From the Neteller Group website:

Thursday, 12 July 2007 - NETELLER Plc (LSE: NLR), the independent global online payments business, today issued the following statement regarding the announcement on Tuesday, 10 July 2007 by the United States Attorney's Office for the Southern District of New York (USAO) regarding Mr John Lefebvre, one of the Company’s former directors and founder shareholders.

According to the USAO announcement, Mr Lefebvre has pleaded guilty to a charge of conspiracy in connection with his role in NETELLER’s prior involvement in handling financial transactions between gambling customers in the United States and offshore internet gambling businesses. In relation to this charge, Mr Lefebvre also admitted to allegations requiring him to forfeit at least US$ 100 million jointly with Mr Stephen Lawrence, who pleaded guilty to a similar charge on 29 June 2007.

Other than as shareholders, neither Mr Lawrence nor Mr Lefebvre has any current position with or connection to NETELLER.

As stated in the Company’s announcement of 2 July 2007, NETELLER is continuing to cooperate with the investigation being conducted by the USAO, under the advice of its legal advisers and in accordance with court orders in the Isle of Man. The Company remains in discussions with the USAO for the purpose of resolving the investigation and has advised the USAO that it will use its best efforts to resolve the investigation on or soon after 13 July 2007. However, the Company believes that these and other recent developments will likely delay its efforts to resolve the investigation by a short period. A further update will be given on 13 July 2007.

The Company’s ordinary shares will continue to be suspended from trading. Further information will be announced as and when it becomes available.

[CecilBrown]

Press Release from FTSE announcing delisting from AIM:

FTSE
11 July 2007




Neteller PLC (UK): DeletionChanges In FTSE Indices

11 July 2007
Following the continued suspension of Neteller PLC (UK), FTSE announces the following changes:

INDEX CHANGE EFFECTIVE FROMSTART OF
TRADING
FTSE AIM UK 50 Neteller (UK 3426454) will be deleted.ZincOx 16 July 2007
Resources (UK 3112463) will be added to the
index with a shares in issue total of
48,577,200 and an investability weighting of
100%.
FTSE AIM 100 Neteller will be deleted.Ishaan Real Estate (UK 16 July 2007
B1FW331) will be added to the index with a
shares in issue total of 207,000,000 and an
investability weighting of 100%.
FTSE AIM All-Share Neteller will be deleted. 16 July 2007

[CecilBrown]

Oddly enough Neteller makes no mention of the delisting in their release...

[The Judge]

Press Release
Update on US Situation

Friday, 13 July 2007 - NETELLER Plc (LSE: NLR), the independent global online payments business, today issued the following statement regarding its progress in resolving the investigation by the United States Attorney's Office for the Southern District of New York (USAO) into the Company.

As stated in the Company’s announcement of 12 July 2007, NETELLER stated that it had advised the USAO that it will use its best efforts to resolve the investigation on or soon after 13 July 2007. The Company believes that it is making significant progress towards achieving a resolution and hopes to be able to announce this within a number of days.

As announced on 4 June 2007, the Company has agreed to a plan for the distribution of funds to its US customers and anticipates implementing the plan upon the resolution of the investigation. The agreed distribution plan details the process and mechanisms by which US customers will be able to initiate the return of their funds after the plan is implemented. Further information will be communicated to NETELLER’s US customers via email, through our website and through a press release once the date for implementation of the plan is finalised.

The Company continues to make progress regarding the ongoing suspension of the Company’s ordinary shares from trading. The restoration of trading in the Company’s ordinary shares will depend on resolution of the investigation within a short time frame and finalisation and publication of the Company’s audited annual accounts for 2006. Further information will be announced as and when it becomes available.

The Company also today confirms that earlier today, the Board accepted the resignation of Gord Herman as Executive Chairman and Director of the Company. Mr. Herman has indicated that he wishes to concentrate on personal matters. Dale Johnson, non-executive director, will assume the role of non-executive Chairman. Both of these changes will take place with immediate effect.


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