DAN BLOMBERG REDUCES HIS OWNERSHIP STAKE TO 9.4 PERCENT OF CAPITAL

Dan Blomberg has sold part of his stake in Paynova. Following the sale, Dan Blomberg will hold 2,259,265 shares, which represent 9.4 percent of share capital. The transaction has been carried out at market terms.

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 an agreement 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