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Earthport PLC (EPO)

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Thursday 03 June, 2004

Earthport PLC

Re Alliance

Earthport PLC
03 June 2004

3 June 2004
                                 earthport plc
                       Link-up with Legendary Investments


earthport plc (earthport) is pleased to announce that it is working with
Legendary Investments plc, the investment company led by Shami Ahmed, with
respect to the commercial exploitation of opportunities for the use of
earthport's electronic payments products and banking network.

In line with Legendary Investments' business strategy of investing in companies
where it can make a strategic contribution to the business, Legendary
Investments and Shami Ahmed will bring to bear their expertise in the UK retail
sector on earthport products including the recently announced earthport 'stored
value' feature.  Particular opportunities include online and off line gift cards
and payments and loyalty smart cards.

In addition, Legendary and earthport will co-operate in development of B2B and
P2P payment services in Pakistan and Asia.

In respect of these activities, earthport has granted options, exercisable by 31
December 2004, over 50 million earthport shares.  The options are exercisable at
various prices the minimum of which is 2.75p.  In addition, Legendary
Investments has already subscribed for 10 million earthport shares at 2.5p each.

Rob Cunningham, earthport's CEO, commented,

'We are delighted that the potential of earthport's products and services has
received the support of such a successful and canny entrepreneur as Shami Ahmed
and look forward to building a mutually profitable relationship.'

                                   - Ends -

Enquiries:

earthport plc                                            020 7907 1100
Rob Cunningham - Chief Executive Officer

Financial Dynamics                                       020 7831 3113
James Melville-Ross / Juliet Clarke


Notes to Editors:

earthport plc is a UK-based company specialising in the provision of secure
electronic payment systems.  earthport's key product is its Universal Payment
Network, a payment infrastructure which links directly to traditional legacy
banking systems, connecting the banking and electronic worlds.  The UPN allows
parties to transact internationally using cash or cards, securely and affordably
via any electronic enabled device.  The UPN enables payment delivery in over 80
countries and in multiple currencies.  UPN is bi-directional and caters for
micro to macro payments.

Based in the West End and City of London, with 60 employees, earthport plc was
admitted to the AIM (ticker: EPO) in 2001.


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

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