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Paysafe confirms intention to move to London Stock Exchange's Main Market

Wednesday, November 25, 2015 — 14:24:46 (EST)

London, Nov. 25, 2015 -- Further to previous announcements, Paysafe Group Plc (LSE AIM: PAYS, the "Company") confirms its intention to apply for admission to listing of its ordinary shares to the premium segment of the Official List of the UK Listing Authority (the "Official List") and admission to trading on London Stock Exchange plc's ("LSE") main market ("Main Market") for listed securities ("Admission"). Pursuant to Rule 41 of the AIM Rules for Companies, the Company therefore hereby gives notice of the intended cancellation of trading of its shares on the AIM market of the LSE ("AIM").

It is expected that the Company's shares will be admitted to the Official List, commence trading on the Main Market and simultaneously be cancelled on AIM effective at 8.00 a.m. on 23 December 2015 (the "Admission Date"), subject to the receipt of the necessary approvals from the UK Listing Authority and the LSE. The Company will issue a prospectus in connection with the Admission prior to the Admission Date. The prospectus will be made available on the Company's website at www.paysafe.com .

The Company is not raising any funds or issuing any new shares in connection with Admission. No Shares will be offered or marketed to the public in the UK or elsewhere in connection with Admission or the publication of the prospectus.

The completion of the acquisition of Skrill in August 2015 provides the Company with a solid platform for the move, and the Board considers that admission to the Official List will increase the Company's profile, assisting in the liquidity of the Company's shares and providing a greater range of potential investors for the Company.

Following Admission, shareholders in the Company will be able to trade shares on the Main Market.

Following completion of the move to the Main Market, it is expected that the Company's ordinary shares would be eligible for inclusion in the FTSE 250 Index of the London Stock Exchange. The Company anticipates the date at which the Company will be considered for inclusion in the FTSE 250 Index will be the quarterly review in March 2016.

About Paysafe

Paysafe Group Plc (formerly Optimal Payments Plc) is a global provider of online payment solutions, trusted by businesses and consumers in over 200 countries and territories to move and manage billions of dollars each year. Merchants use Paysafe's services and gateway platforms and innovative prepaid products and solutions to simplify how they accept credit and debit card, direct‑from‑bank, and alternative and local payments; while Paysafe's NETELLER®, Skrill® and paysafecard® services are used by merchants to increase revenues and capture new customers. Consumers use the multilingual and multicurrency NETELLER, Net+® Card, Skrill and Skrill Card stored-value offerings and the paysafecard prepaid solutions to make secure and convenient payments and payolution® for their invoices and instalment payments. Paysafe also supports a wide variety of prepaid programmes - from white-label prepaid cards to bespoke solutions.

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Source: Company press release. end of article

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