Press ReleaseUpdate on US Situation Regarding Former DirectorsThursday, 12 July 2007 - NETELLER Plc (LSE: NLR), the independent global online payments business, today issued the following statement regarding the announcement on Tuesday, 10 July 2007 by the United States Attorney's Office for the Southern District of New York (USAO) regarding Mr John Lefebvre, one of the Company’s former directors and founder shareholders. According to the USAO announcement, Mr Lefebvre has pleaded guilty to a charge of conspiracy in connection with his role in NETELLER’s prior involvement in handling financial transactions between gambling customers in the United States and offshore internet gambling businesses. In relation to this charge, Mr Lefebvre also admitted to allegations requiring him to forfeit at least US$ 100 million jointly with Mr Stephen Lawrence, who pleaded guilty to a similar charge on 29 June 2007. Other than as shareholders, neither Mr Lawrence nor Mr Lefebvre has any current position with or connection to NETELLER. As stated in the Company’s announcement of 2 July 2007, NETELLER is continuing to cooperate with the investigation being conducted by the USAO, under the advice of its legal advisers and in accordance with court orders in the Isle of Man. The Company remains in discussions with the USAO for the purpose of resolving the investigation and has advised the USAO that it will use its best efforts to resolve the investigation on or soon after 13 July 2007. However, the Company believes that these and other recent developments will likely delay its efforts to resolve the investigation by a short period. A further update will be given on 13 July 2007. The Company’s ordinary shares will continue to be suspended from trading. Further information will be announced as and when it becomes available.
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