Receipt of FCA Approval

Acquisition of Skrill to complete

LONDON (3 August 2015) - Further to the announcements of 23 March 2015, 1 June 2015 and 31 July 2015, Optimal Payments Plc (LSE AIM: OPAY, the "Company") is pleased to announce that change of control approval from the Financial Conduct Authority relating to the acquisition of the Skrill Group has now been received and completion of the Acquisition is scheduled to take place on 10 August 2015.

The Skrill Group is one of Europe's leading digital payments businesses providing digital wallet solutions and online payment processing capabilities and is one of the largest pre-paid online voucher providers in Europe with its paysafecard brand. The Directors of the Company continue to believe that the Acquisition (for an enterprise value of approximately €1.1 billion) will be transformational and value enhancing for Optimal Payments and its shareholders.

As the Acquisition is classified as a reverse takeover for the Company under AIM Rule 14, upon Completion the listing on AIM of all of the Pre-Completion Existing Ordinary Shares will be cancelled, and applications have been made for the immediate re-admission of those Pre-Completion Existing Ordinary Shares and the admission of the Skrill Consideration Shares to trading on AIM. It is expected that Completion Admission will become effective and dealings in the Pre-Completion Existing Ordinary Shares and the Skrill Consideration Shares will commence at 8.00 a.m. on 11 August 2015.

A further announcement will be made by the Company upon completion of the Acquisition.

Capitalised terms used in this announcement shall have the meanings as set out in the prospectus published by the Company on 23 March 2015.

For further information contact:

Head of Investor Relations 

Jessica Stalley
Optimal Payments Plc
+ 44 207 182 1707
investorrelations@optimalpayments.com 

Lazard (Financial Adviser)
Cyrus Kapadia / Olivier Christnacht
+44 (0) 20 7187 2000

Canaccord Genuity (Nominated Adviser and Broker)
Simon Bridges / Mark Whitmore
+44 (0) 20 7523 8000

Tavistock (Financial PR)
Simon Hudson / Andrew Dunn / Simon Fluendy
+44 (0) 20 7920 3150
optimal@tavistock.co.uk

Lazard & Co., Limited ("Lazard"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority ("FCA") is acting for the Company only and no one else in connection with the Acquisition and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the Acquisition and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Acquisition or any matters referred to in this announcement. Lazard and each of its affiliates do not owe or accept any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not one of its clients in connection with this announcement, any statement contained herein or otherwise.

Canaccord Genuity Limited ("Canaccord"), which is authorised and regulated by the FCA in the United Kingdom, is acting exclusively as the Company's nominated adviser and broker. Canaccord will not regard any other person (whether or not a recipient of this announcement) as a client and will not be responsible to anyone for providing the protections afforded to its clients or for providing advice in relation to the cancellation of trading on AIM or any matters referred to in this announcement. Neither Canaccord nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) in connection with this announcement, any statement contained herein or otherwise.

 Receipt of FCA Approval