BOARD MEMBERS LARS GULDSTRAND AND DAN BLOMBERG ACQUIRE SHARES IN PAYNOVA

Chairman of Paynova’s Board of Directors Lars Guldstrand has acquired 100,000 shares in Paynova.

This brings his shareholding in Paynova to 212,000 shares, corresponding to approximately 0.9 per cent of the capital.

Paynova founder and board member Dan Blomberg has acquired 20,000 shares in Paynova.

This brings his shareholding in Paynova to 2,258,110 shares, corresponding to approximately 9.4 per cent of the capital.

All purchases were made on the open market at market prices.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lars Guldstrand, Chairman of the Board

Telephone +46 (0)70-528 81 81

ABOUT PAYNOVA

Paynova offers an international, account-based payment service via the Internet. With Paynova as the only counterpart, e-retailers get a payment guarantee for around twenty payment options in 10 languages with 8 currencies in a security-certified interface (PCI). Consumers can open an account, a Paynova wallet, for free on the Internet to make purchases more secure and simpler, as well as look after transfers between family members, friends and acquaintances.

Paynova has agreements with around 1,000 e-retailers. Most are found in the following prioritised segments: travel, retailing and media/network games. The company has been listed on NGM Equity since February 2004. For more information: www.paynova.com