Review Conclusions

Moneybox PLC
11 October 2004

Embargoed until 7.00am Monday 11th October

Moneybox Update on Business Review

Moneybox plc, the cash machine, payment and security services business, today
informs the market of the preliminary conclusions of the review of its business
announced on September 20th.

Background and Market Outlook

In an increasingly competitive UK market, higher quality ATM sites are at a
premium, as is evidenced by the sharp rise in site fees and prices paid for ATM
estates over the last 12 months.  While this trend confirms the value of
Moneybox's first mover strategy, it also calls for an increased focus on profit
as well as revenue growth.

Strategy Going Forward

Moneybox's future ATM strategy is to both maximise the profitability of its
existing ATM estate by adopting industry leading low cost operational models and
to grow its ATM estate in new ways and new markets.  This will be achieved by:

•      Reduced cost of sales

•      Reduction in overheads

•      Active estate management to redeploy unprofitable ATM assets

•      Growth in the number of free-standing ATM kiosks

•      Leveraging our proven ability to develop and maintain national account
       relationships

•      Using our wide range of ATM, payment and security service offerings to
       develop broad relationships with key customers

•      Building a valuable reserve of ATM sites for potential future deployment

To achieve these aims the Board has made a number of changes at senior level.
Peter McNamara has been confirmed in his position as Executive Chairman. Kieron
Abernethy, Chief Operating Officer, has today resigned from the Board and Andrew
Neubauer, Commercial Director, has become Chief Operating Officer.  These and
other personnel changes will result in an exceptional restructuring charge of
approximately £0.5 million.

Trading Update

The Board indicated when reporting interim results on September 13th that 2004
full year profits would fall short of market expectations by approximately £1.5
million. Trading results from its UK ATM estate have shown a small improvement
in September over those for August and the Board sees no reason to change the
revised guidance. As referred to above, the reported results for the year ending
31 December 2004 will now reflect non-recurring costs of approximately £0.5
million, which will be treated as an exceptional item in the accounts.

The strength and quality of the opportunities pipeline is evidenced by
Moneybox's recent announcement of an exclusive five year preferred supplier deal
with Compass Group in the UK, which will allow Moneybox to install an estimated
100 new ATMs in 2005 in suitable sites selected from Compass's 9000 plus
restaurant and catering locations. Additionally, Moneybox has secured a five
year preferred supplier deal with Compass's subsidiary Moto, the country's
largest motorway services company, whereby Moneybox has the right to install
ATMs at Moto sites as existing supplier contracts expire, with deployment
expected to commence by the end of 2006.

The actions we are now taking to control costs and improve shareholder returns
will provide room for continued profitable expansion of the core UK ATM estate,
which will remain the primary driver of shareholder value. The Board believes
that the Group is now well positioned with the right people and resources to
grow its business and deliver better value to shareholders.

As previously announced the Board has received a number of approaches none of
which merits further advice to shareholders.

Further announcements about the progress of the business will be made as
appropriate. The Board intends to issue a pre-close trading statement in mid
December.

Peter McNamara, Executive Chairman of Moneybox plc, said:

'In an increasingly competitive UK market, higher quality ATM sites are at a
premium.  While this confirms the value of Moneybox's first mover strategy, it
also calls for an increased focus on profit as well as revenue growth.  Going
forward our strategy will therefore be to both maximise the profitability of our
existing ATM estate by adopting industry leading low cost operational models and
to grow our ATM estate in new ways and new markets.  The Board believes that the
Group is now well positioned with the right people and resources to grow its
business and deliver better value to shareholders.'

Moneybox plc
Peter McNamara, Executive Chairman                      020 7452 5400

Reputation Inc
Tom Wyatt                                               020 7758 2800

Notes to Editors:

About Moneybox

The Moneybox Group deploys, manages and maintains cash machines (ATMs) in the
UK, Netherlands and Germany.  The Group also operates cashless payment and
access control systems in the UK through its G2 subsidiary, which was acquired
in March 2004, when Moneybox floated on AIM.

Moneybox launched its first convenience ATM in June 1999.  At 30 June 2004,
Moneybox operated 2,665 ATMs in the UK, 166 ATMs in the Netherlands and 262 ATMs
in Germany. In the UK, Moneybox's cashless payment and access control systems
are used by over 400 customers at more than 1,700 sites.

Moneybox deploys ATMs at points of convenience, with consumers paying a
convenience fee per cash transaction.  This enables the ATM to be located in
places that do not attract enough cardholders to support a traditional cash
machine, promoting consumer choice and wider accessibility to their cash.
Virtually every bankcard and credit card is acceptable through Moneybox ATMs as
a result of Moneybox's membership of the LINK network.

The Moneybox ATM estate comprises owned and operated fully managed ATMs,
merchant replenished ATMs and ATMs that are managed on behalf of financial
institutions.

The G2 Group was established in 1991.  In August 2002, G2 acquired a majority
holding in Transacsys plc (a company then listed on London Stock Exchange's
Alternative Investment Market (AIM)).  Transacsys (formerly known as Girovend)
introduced its cashless payment systems in 1984 and has supplied access control
systems since 1994.

G2 processes ATM, credit and debit card, direct debit, internet and stored value
card transactions.  G2 also develops, sells and maintains cashless payment and
access control systems and in 2003 supplied approximately 300,000 smart cards
and 300,000 magnetic strip cards to the workplace market.


                      This information is provided by RNS
            The company news service from the London Stock Exchange