PAYNOVA’S PREFERENTIAL RIGHTS ISSUE SECURED

(NGM: PAY)

Paynova’s new share issue with preferential rights for shareholders has been secured in its entirety.

The board proposes that the annual general meeting make a decision on a new share issue worth SEK 23.2 million on 4 June, as per the previously published invitation dated 7 May 2008.

The new share issue is secured in its entirety by existing shareholders having issued a subscription commitment (SEK 10.9 million) and guarantees (SEK 7.1 million) corresponding to 78 per cent of the new share issue. The remaining 22 per cent (SEK 5.2 million) have been guaranteed by new interested parties.

Shareholders representing more than 50 per cent of the total number of votes in Paynova support the proposal and have agreed to vote for the board’s proposal for financing in accordance with points 15 - 19 in the invitation to the annual general meeting.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Björn Wahlgren, CEO and Group President, Paynova AB

Telephone: +46 (0)70-728 74 40

ABOUT PAYNOVA

Paynova offers an international, account-based complete service for payments via the Internet. With Paynova as the only counterpart, e-retailers can get a payment guarantee for 21 payment options with credit cards, debit cards and Internet banks, in 12 languages with 12 currencies in a security-certified interface (PCI). Consumers can also open a Paynova account to make purchases simple and secure, as well as look after transfers between family members, friends and acquaintances. Paynova has agreements with around 1 800 e-retailers. Most are found in the following prioritised segments: travel, retail and media/network games. The company has been listed on NGM Equity since February 2004.

For further information, visit: www.paynova.com.