BULLETIN FROM PAYNOVA’S EXTRAORDINARY GENERAL MEETING ON 7 DECEMBER 2005

The general meeting appointed Lars Guldstrand and Erik Hallberg as new Board members. Lars

Guldstrand was also appointed as the new Chairman of the Board. The Board’s former chairman Peter Enström retired from the Board, while CEO Lars Ekstedt resigned from the Board in accordance with the company’s policy that the CEO cannot also be a Board member. These changes were in accordance with the election committee’s published proposals.

Paynova’s other Board members were appointed at the Annual General Meeting on 18 May.

In order to guarantee the planned raising of capital, if TO 6 was not fully subscribed, the Board has proposed to the general meeting that they authorise the Board to make a decision, at some point between 1 and 31 January 2006, on a new share issue against cash payment with preferential rights for shareholders. This was approved by the general meeting. The issue will concern at most the number of shares corresponding to the company receiving issue funds of MSEK 16, after deductions for money paid in through subscriptions as per TO 6.

All decisions taken by the meeting were unanimous.

“Paynova is an exciting company with immense potential, and I am looking forward, as the newly-elected Chairman of the Board, to being involved in its development. Over the years, the company has made several important advances from being a development company to its current status as a market-oriented concern with significant increases in transaction volumes and income. Furthermore, the company has grown from being a local Swedish player into a more international figure. With an in-demand product and strong leadership, Paynova is now well equipped to achieve continued international expansion,” says Paynova’s newly-elected Chairman of the Board, Lars Guldstrand.

Stockholm, 8 December 2005

Paynova AB (publ.)

The Board

For further information, please contact:

Lars Guldstrand, Chairman of the Board, Paynova AB

Telephone: +46 (0)70-528 81 81

Bengt Holmqvist, chairman of the election committee

Telephone: +46 (0)70-856 06 10

Paynova offers an international, account-based payment service via the Internet. Customers and consumers can use Paynova to choose how funds are replenished and payments are made: Paynova Wallet, credit cards, Internet banks, giro and a number of local payment options in 8 languages and 7 different currencies. E-retailers have access to all this via a security-certified interface with Paynova as the only counterpart.

Paynova has agreements with over 900 e-retailers, primarily within the prioritised segments of travel, retailing, the media and network gaming. Swebus Express, SJ, Ryanair, CD WOW, Fujifilm Sverige and TV4 are just a few of Paynova’s current partners. Paynova has 25 employees and has been listed on NGM since 2004. More information is available at www.paynova.se