BULLETIN FROM EXTRAORDINARY GENERAL MEETING:

(NGM: PAY)

Paynova’s extraordinary general meeting decided to approve the proposed new share issue

Paynova’s extraordinary general meeting decided to approve the Board’s proposal for a new share issue to replace the financing received through the structure agreement with Indian IT company Xponse that was cancelled in February 2007.

The extraordinary general meeting of Paynova AB (publ.) decided on 19 April 2007 to approve the Board’s proposal to increase the company’s share capital by a maximum of SEK 167,990.10 to a maximum of SEK 3,453,176.50 by issuing up to 1,679,901 new shares. The new shares will be issued at a price of SEK 11.80 per share. Shareholders have preferential rights to subscribe to one (1) new share for each block of twenty (20) existing shares held.

The general meeting also decided to approve the Board’s proposal for issues of up to 1,679,901 subscription options each in the “Option rights 2007” and “Option rights 2008” series. The option rights will be allotted free of charge to those allocated shares from the new issue with one (1) option right in each series for each share issued. Two (2) option rights from “Option rights 2007” will entitle the holder to subscribe to one new share in the company and four (4) option rights from “Option rights 2008” will provide an equivalent entitlement.

Record day for receipt of subscription rights is 2 May 2007. The subscription period is 7–21 May 2007. A prospectus for the invitation to subscribe to shares and application form will be available from the company no later than 3 May 2007, and this will also be sent out to the company’s directly-registered shareholders and be available on the Internet: www.paynova.com.

Stockholm, April 2007

Paynova AB (publ.)

The Board

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lars Guldstrand, Chairman of the Board, Paynova AB (publ.)

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 simpler and more secure, as well as look after transfers between family members, friends and acquaintances.

Paynova has agreements with around 1,400 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