WRITTEN NOTICE OF EXTRAORDINARY GENERAL MEETING

The Board of Directors of Paynova AB (publ) has decided to convene an extraordinary general meeting on Tuesday 21 June 2005 at 6 p.m. at NÄRINGSLIVETS HUS, Storgatan 19, Stockholm.

The background to the EGM is the Board of Directors’ decision regarding an adjusted preferential rights issue etc., which was announced on 18 May 2005.

The full notice to attend the extraordinary general meeting can be read at:

https://www.paynova.com/swe/docs/kallelse_stamma_050621.pdf

For further information, please contact:

Peter Enström, Chairman of the Board:

Tel: +46 70 574 9982

About Paynova

Paynova AB offers secure payment solutions over the Internet in the form of a wallet that handles sums from one Swedish krona upwards. The Paynova Wallet is easy to acquire and use, and simple for retailers to install. More than 20,000 banks worldwide accept VISA and MasterCard payments via the Paynova Wallet. Paynova currently has agreements with over 800 e-retailers, e.g. CD WOW, SJ, Fujifilm i Sverige AB, Swebus Express and Ryanair. The company is listed on NGM. For further information, visit: www.paynova.com