AGM Statement

Auxinet PLC
28 May 2003

AUXINET PLC ANNOUNCEMENT             28 MAY 2003


At today's AGM of Auxinet plc, the Chairman , David Bailey, made the following
statement:

'DataCash continues to invest in development to address customer needs and to
enhance our competitiveness.

In the first 5 months of the year we have had good merchant wins, especially in
the retail sector. Transaction growth has been strong, generating good revenue
and profits growth, and we continue to generate cash from operations. We look
forward to reporting on progress with the interim results in August.'

Auxinet confirmed that all of its AGM Resolutions were passed, including the
Special Resolution approving the change of name to DataCash Group plc. This new
name is expected to be effective from 2nd June 2003.


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