PAYNOVA LISTED ON THE STOCK EXCHANGE

It was decided at an extraordinary general meeting of shareholders to list Paynova on the stock exchange. The company´s goal is to be listed on NGM Equity in January. A share prospectus should be available before the end of 2003.

Paynova offers consumers and e-traders a secure, fast and easy payment solution for online purchases. The Wallet’s functionality is global, which is why payments from the Wallet can be made without local adaptations. The consumer signs up for a Wallet on the Internet free of charge, which has the same function as a regular wallet. The Paynova Wallet can be topped up using a credit or debit card, such as VISA. The consumer can then use the cash in the Wallet to pay for products and services, in exactly the same way as in the physical world.

Development of the Paynova Wallet began in 2000. Then in spring 2002, Paynova’s main aim was to start promoting the service to e-traders. To date agreements have been signed with almost 500 online traders in Sweden, and implementation of Paynova on the German market is expected to begin in January 2004. In spring, activities began for consumers to sign up for Paynova Wallets.

The market for online trading is doubling worldwide every year. E-commerce in Europe between consumers and traders is expected to total MSEK 450,000* in 2003. Paynova does not, therefore, need to build a market for its product. The Paynova Wallet simplifies secure, customised trading of products and services alike over the Internet.

The aim of listing the company’s shares is to raise capital for marketing.

For more information, please contact:

Pelle Hjortblad, CEO Paynova, tel +46 8517 100 07

http://www.paynova.com/

*) eMarketer, june 2003

About Paynova

Paynova AB 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 digital wallet cuts costs and increases efficiency for the merchant. The Paynova Wallet is easy to get, use and install. More than 20 000 banks worldwide accept the Paynova solution for VISA and MasterCard payments. Since 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. Paynova is a company owned by employees and private investors. Pelle Hjortblad, former CEO of Tele1 Europé/Song Networks, is the CEO of Paynova.