NETELLER Plc Pre-close Trading Update

Board confident 2007 results to meet market expectations – building momentum into 2008

NETELLER Plc (LSE: NLR), the independent global online payments business, is pleased to provide a trading update in respect of its preliminary results for the year ended 31 December 2007, which the Company intends to release on Tuesday, 11 March 2008.

Trading update

The Board announces that the Group’s operating businesses have traded in line with management’s expectations in the fourth quarter and the Board is confident that the full year results for the Group will meet market expectations.

The Company will make the final payment of US$ 38.25 million on 16 January 2008 to the US authorities in respect of its obligations under the deferred prosecution agreement. This amount reflects recent discussions with US authorities confirming that US$ 57.7 million of the Group’s funds were seized, as opposed to the US$ 60 million previously thought and announced. The total amount to be paid to the US authorities in connection with this matter remains the same as previously announced (US$ 136 million).

As part of the arrangements with the USAO, the Group implemented the Distribution Plan to return approximately US$ 94 million of funds owed to US customers. The Group has to date repaid approximately US$ 81 million of this amount. Any unpaid amounts are currently held in trust accounts with the Group’s bank. Under the terms of the Distribution Plan, US customers have until 26 January 2008 to withdraw their funds using the NETELLER website.

The sale of the Group’s principal Calgary property has been delayed as a result of the lenders for the intended purchaser introducing significantly less attractive terms in the wake of the recent developments in North American financial markets. Consequently, the final condition to the Purchase and Sale Agreement for the property has not been satisfied. Constructive discussions with the intended purchaser and its lenders are continuing but there can be no certainty that a transaction will be concluded. However, the Group is optimistic about achieving a sale in due course given the current strength of the Calgary property market.

The Group has also recently concluded a settlement with a third party vendor who had commenced litigation against the Group for alleged breach of contract (as previously disclosed in the Group’s interim statement of 23 August 2007), paying an amount of approximately CAD$ 1.75 million to settle any potential claims.

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Web Wedding at Bingo Gala

It’s not every day that you witness a wedding online but it did happen on Thursday, 17th of January at 8pm EST during Fred’s Big Blowout.

That was the time a bingo player known as “bunny_luv” decided to get married to another player known as “luckyscooter” both regulars at Bingo Gala.

What made this even more exciting was that all their roomies at the time got to watch the wedding happen live while playing online bingo.

Marketing Executive at Bingo Gala Harry Christodoulou had this to say about this extraordinary event, “It doesn’t happen very often but when it does it will definitely happen at Bingo Gala. We would like to wish them all the happiness and a joyful journey ahead.”

Leeds Teenager Scoops £90,000 Bingo Win

One lucky teenager from Leeds has scooped a massive £90,000 bingo win.

The 19-year-old woman, who does not want to be named, was at her club in Balm Road, Hunslet, when she won on Saturday night.

She will share her online bingo winnings with her dad and uncle, who were also playing at the time.

The single woman won the National Bingo Game prize of £90,000 having completed a full house in 31 numbers, the lowest call of any of the 470 clubs playing nationally.

She has played bingo since May and goes once a week with her dad. Although she has won small prizes before, this is her first big win.

She said: “I was absolutely shocked when they told me how much I had won. I just felt like crying.”

VERONICA BAENA WON €7.6 MILLION PLAYING BINGO ONE YEAR AGO

A year ago, Veronica Baena was playing online bingo at the Lomas del Mirador gaming hall, when she hit a €7.6 million jackpot. Twelve months later, she and her husband continue fighting in court with Codere, the company that owns the hall, whose latest offer of €110,000 was rejected by Veronica.

“Up until now, Codere only gave us €8,000, which we had to accept because of our daily expenses,” Veronica’s husband Angel Lopez, said. “We took the money and signed a receipt, but only as an advance of the court’s judgment.”

The claim was filed by the bingo player on September 25 after the company showed no intentions of paying her and no agreement was reached during mediation hearings. Since then, Codere has raised the prize up to €110,000, but it was rejected, as confirmed by Angel.

The company insists that the prize was granted only due to a “malfunction” of the machine and that the actual highest jackpot was €7,600, an amount they have already given to the family. Veronica, on the other hand, says she is willing to continue to the very end to obtain what she believes is a legitimately won prize.

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