Interim Dividend Cancellation

Photo-Me International PLC
10 April 2008



Thursday 10 April 2008



                           PHOTO-ME INTERNATIONAL PLC

                        Cancellation of Interim Dividend


The Board of Photo-Me announces that it has today cancelled the interim dividend
of 1.0p per share, totalling £3.6 million, in respect of the year to 30 April
2008, which was declared on 17 December 2007 and payable on 2 May 2008.


This decision reflects uncertainty as to the sufficiency of the distributable
reserves in the Company (as against the Group) at 30 April 2008 following the
Board's decision today to reduce substantially the expected useful lives of
photobooths and some other vending equipment. The reduction in expected useful
lives will give rise to an additional non-cash charge in the current and future
years.


Trading and prospects for the Group for the year to 30 April 2008 remain broadly
in line with the Trading Statement of 7 March 2008.


The Board will review dividend policy as part of the strategic review being
carried out by Thierry Barel, who was appointed CEO in December 2007. The
strategic review is expected to give rise to provisions for asset impairments
and restructuring. These will be quantified when determined on the completion of
the review, which is expected this summer.



Enquiries:


Photo-Me                               01372-453 399

Robert Lowes (Director and Interim Finance Officer)


Bankside Consultants                   020-7367 8851

Charles Ponsonby


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