PAYNOVA MANAGEMENT AND EMPLOYEES ACQUIRE OPTIONS

(NGM: PAY)

Employees at Paynova have applied to acquire 1,000,000 subscription options in accordance with the option scheme for employees adopted by the Annual General Meeting on 11 May 2006. Paynova CEO Lars Ekstedt has fully acquired his share allocation.

The decision to set up an option scheme for employees adopted by the Annual General Meeting on 11 May 2006 covers up to 1,000,000 subscription options. Acquisitions at an estimated market value according to Black & Scholes will be permitted up until the end of November 2006. Subscription to shares via the options can then take place from September 2007 until November 2007 at an issue price of SEK 22.50 per share. The scheme, with a guaranteed and maximum number of options, is aimed at three categories of employee and other key personnel at Paynova.

In total, employees at Paynova have now applied to acquire 1,000,000 subscription options based on ten days’ stock exchange quotations following publication of the company’s interim report for January-June 2006. The CEO and the management group have exercised their right to acquire 770,000 subscription options. Employees’ interest in acquiring options was such that demand exceeded supply of shares issued.

FOR MORE INFORMATION, PLEASE CONTACT:

Lars Ekstedt, CEO and Group President

Telephone: +46 (0)8-517 100 37

Mobile: +46 (0)703-74 27 37

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 agreements 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