PAYNOVA AUGMENTS ITS TEAM WITH AN INFORMATION MANAGER

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Paynova AB has announced that Mats Jonnerhag has been appointed manager for investor relations and information provision. Mats Jonnerhag, who has extensive experience of the Swedish stock market, is the founder of the journal BörsInsikt and works at Human Securities AB. Paynova was listed on NGM in February 2004, just as the company intensified its international launch.

“It’s an extremely exciting assignment,” says Mats Jonnerhag. “When I looked at Paynova more closely I found that there was considerably more to it, and that it would probably be an inspiring challenge for me to take on its information management. Paynova has first-rate technology and services for handling secure online payment flows on a market with enormous growth potential. Now that the commercial launch is under way, I see my role as being able to provide stock market players and the company’s other interested parties with the right information at the right time on what’s happening at Paynova.”

Peter Enström, chairman of the board: “Information management in relation to shareholders, analysts and the media must function well. The fact that Mats Jonnerhag opted to take on our information management is a success for Paynova. We are still a small company, but if we are to grow at the planned rate amidst the vigorous market growth that is ongoing, it is important for Paynova to be perceived in the right way.”

In parallel with this assignment for Paynova, Mats Jonnerhag will continue to work on macroanalysis and marketing strategy at BörsInsikt and Human Securities AB.

Mats Jonnerhag, 51 years old, is the founder of the stock market journal BörsInsikt and stockbrokers Human Securities AB. He has almost thirty years’ experience of company and stock market analysis, finance journalism, lecturing, raising of capital and customer recruitment.

For further information. please contact:

Pelle Hjortblad, CEO Paynova AB

Phone: +46 (0)8-517 100 07 Mobile: +46 (0)701-810 110

Email: pelle.hjortblad@paynova.com

Mats Jonnerhag, PR and information, Paynova AB

Cell: +46 (0) 708-754 920

Email: mats.jonnerhag@paynova.com

About Paynova

Paynova AB, listed on NGM Equity on 26 February 2004, is a company specialising in secure online payments. The Paynova Wallet is a digital wallet for digital transactions that can handle amounts from 5 pence and up. The digital wallet enables the customer to manage and control purchases limiting his/her personal credit card or eBanking information to only one counterpart. The Paynova Wallet is easy to acquire and use, and simple for the merchant to install. More than 20 000 banks worldwide accept the Paynova solution for VISA and MasterCard payments. Since its launch in 2001, Paynova AB has signed agreements with more than 500 companies and organisations that now offer the Paynova Wallet as a payment option on their websites. Pelle Hjortblad is the CEO of Paynova. The full Paynova share prospectus can be found at www.paynova.com

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