Press Release

NETELLER PLC Appoints Chief Operating Officer and New Auditor

NETELLER plc (‘NETELLER’ or the ‘Company’), a leading online money transfer service provider, today announces that Mr Ronald Martin has joined the Company as Chief Operating Officer.

Ron has extensive management experience in service, outsourcing and high growth software firms. He has held varied executive positions with companies such as FirstService Corporation (Executive Vice President - Operations), Job Advantage.com (Vice President - Corporate Services), Salesnet Inc (Vice President - Sales, Corporate & Business Development) and, most recently, Globoforce Ltd Vice President - North America) where he was recruited by Benchmark Capital to lead all aspects of Globoforce’s North American operations, with a focus on rapid top line growth and sound product development.

Gord Herman, Chief Executive Officer, commented "I am delighted that Ron has joined the NETELLER team. He is a proven and valuable addition in terms of facilitating our global expansion and continuing growth."

The Company also announces the proposed appointment of KPMG Audit LLC to act as the Company’s auditors with immediate effect. The decision was based principally on the strength of KPMG’s Isle of Man team, represented by more than 80 partners, managers and professional staff. Deloitte & Touche will continue to provide ancillary services to the NETELLER group.

About NEOVIA Financial Plc

Trusted by consumers and merchants in over 160 countries to move and manage billions of dollars each year, NEOVIA Financial Plc (formerly NETELLER Plc) operates the world's leading independent online payments business. Through its Payment Suite, featuring NETELLER®, NETBANX®, Net+™ and 1-PAY™ brands, NEOVIA specialises in providing innovative and instant payment services where money transfer is difficult or risky due to identity, trust, currency exchange, or distance. Being independent has allowed NEOVIA to support thousands of retailers and merchants in many geographies and across multiple industries.

Subsidiary company NETELLER (UK) Limited is authorised by the Financial Services Authority (FSA) to operate as a regulated e-money issuer. For more information about NEOVIA Financial visit www.neovia.com.

NEOVIA Financial Plc recently changed its corporate identify from NETELLER Plc to better reflect the strength and breadth of its individual product brands. At the same time its ticker symbol changed from NLR to NEO.

Media and Investor Contacts

NEOVIA's media relations are managed by McEntegart Marketing. Contact them through the Media Relations Contact page. NEOVIA investor relations are managed by Citigate Dewe Rogerson. Contact them through the Investor Relations Contact page.