LONDON, June 18 /PRNewswire/ --

- Paul Goodridge Leaves CSR Plc for one of Europe's Largest
Online Payments Providers

Moneybookers, one of Europe's largest and fastest growing online payment
systems companies, is today announcing the appointment of Paul Goodridge as
Chief Financial Officer. The company, which provides domestic payment options
in more than 40 countries and processes over EUR10m in transactions each day,
has made the strategic hire to support its aggressive targets for growth
within the e-commerce industry.

Paul brings with him nearly 20 years of senior financial management
experience in industry as well as an excellent track record for growth. Prior
to joining Moneybookers, Paul was Director of Finance at CSR Plc where he was
responsible for all financial, legal, IS and investor relations aspects of
the business. While at CSR Plc, he oversaw both its floatation on the London
Stock Exchange at a valuation of £200m and its subsequent promotion into the
FTSE 250, making it one of the most successful technology IPOs in the last
five years. Under Paul's stewardship, CSR grew from a loss making 70 person
company with US$5m revenue to a 1,200 person business with US$850m revenue 
and a 20% EBIT margin.

"With the appointment of Paul Goodridge we have secured an extremely
talented CFO with an impressive track record for growth," comments Nikolai
Riesenkampff, Co-CEO at Moneybookers. "We will also be benefiting from his
invaluable experience in M&A and financing activities as we consider our
strategic options moving forward."

Moneybookers is well positioned for the booming online payments industry.
It provides an easy to integrate and low cost payment system for online
retailers, affiliates and auctions. Moneybookers also supports innovative
business models associated with high growth trends such as social networking
and user generated content. Besides its payment services to merchants,
Moneybookers provides person-to-person money transfers, enabling customers to
instantly send money to anyone with an email address anywhere in the world
for very low fees. Everyday, Moneybookers welcomes more than 9,000 costumers
as new owners of its electronic wallet - which provides convenience and
enhanced security for online shopping, real-time payments and transactions.

About Moneybookers

Moneybookers Ltd. (http://www.moneybookers.com) is Europe's largest online
payment system offering domestic payment options in more than 40 countries
and customer service in 12 languages. With 5 million account holders,
Moneybookers is one of the largest providers of e-wallets worldwide.
Moneybookers enables any business or consumer to securely and
cost-effectively send and receive payments online, simply by using an email
address. More than 10,000 merchants use Moneybookers' gateway product, among
them global e-commerce brands such as Skype, AOL, MTV and QXL ricardo. Dr.
Thomas Middelhoff serves as the Chairman of the Board. Moneybookers was
founded in 2001 in London and is regulated by the Financial Services
Authority of the United Kingdom (FSA).

For more information please contact: Toby Walsh at Rhubarb PR
- toby@rhubarbpr.com / +44(0)777-337-4545