LONDON, March 9 /PRNewswire/ --

- Moneybookers Announces Strong Growth Across all Areas of the Business

Highlights:

    Financial

    - Total revenue for 2008 up 88% to EUR34.5m (2007: EUR18.4m)

    - EBITDA up 108% to EUR18.7m (2007: EUR9.0m)

    - Transaction volumes up 63% to EUR2,373m (2007: EUR1,451m); post period
      end reaches EUR10bn mark

    Operational

    - Total number of account holders up 61% to 6.3m

    - New account openings at around 10,000 a day in December 2008: up over
      150% compared to December 2007

    - Total number of merchants offering Moneybookers payment option now over
      35,000 globally

    - New deals signed during period include Ricardo, MTV Networks Germany
      and Thomas Cook

    - Launch of Moneybookers USA, Inc. and recent announcement of partnership
      with eBay.com



Martin Ott, Co-CEO, said:

"As one of Europe's fastest growing and most profitable
internet companies we have more than doubled our profits every year, becoming
as a result the largest and fastest growing eWallet after Paypal. 2008 has
continued this story, with growth across all areas of the business and some
excellent new partnerships with the likes of Ricardo, MTV Networks Germany
and Thomas Cook. 2009 has started extremely well, building on this success,
with the launch of Moneybookers USA and the integration as a payment option
on eBay.com."

Nikolai Riesenkampff, co-CEO, added:

"Despite uncertain economic conditions, we believe that we can
continue significantly to outgrow both the market and our competition in
2009. Excellent opportunities exist for us to help maintain our growth
momentum over the year. We are confident that we will be able to capitalise
on these and take full advantage of our leading position."

Chief executives' review report

Operational results

During 2008 Moneybookers made excellent progress in increasing
its global merchant and customer base. We reached the important six million
customer account milestone in November as issues of online fraud and security
continued to drive use of eWallets as a safer way to pay for goods and
services on the internet. At the same time, the number of merchants offering
Moneybookers around the world grew rapidly, up to 35,000. This was primarily
a result of the growing popularity of our no-chargeback policy and
market-leading safety procedures, coupled with our unrivalled global network.

Over the period we expanded the reach of our payments network,
increasing the number of payment options we offer from 50 to 60 in over 200
countries and in 38 currencies. The Moneybookers payments system allows any
customer to pay online conveniently and securely without revealing personal
financial data, as well as to send and receive money transfers
cost-effectively by simply using an email address. We also signed new
partnerships with a number of significant online businesses, including
Ricardo, MTV Networks Germany and Thomas Cook.

In February 2009, we announced a partnership with eBay.com.
This significant step was the first success of our new US business,
Moneybookers USA Inc., which we launched at the same time and represents our
first entry into the important US market.

The Moneybookers partnership is part of eBay's efforts towards
making its own online checkout process a more consistent and secure
experience, providing a better choice to its sellers and buyers. Items
totalling almost $60 billion in value were traded on eBay globally in 2007
and the auction site currently has over 86 million active users worldwide.

We hope to be able to explore opportunities to integrate the
Moneybookers payment platform onto other eBay sites once we are happy with
our progress here. Our payments module went live on eBay.com on 27 February.

Financial results

Owing to the rise in account holders and merchant network,
revenues increased 88% to EUR34.5m (2007: EUR18.4m). EBITDA increased to
EUR18.7m, a rise of 108% (2007: EUR9.0m).

These results represent a doubling of the Moneybookers
business over 2008, achieving the challenging targets we set ourselves for
the year. Our growth rate has accelerated to record levels, with around
10,000 new customers signing up for an account every day.

Outlook

As one of Europe's fastest growing and most profitable
internet companies we have more than doubled our profits every year, becoming
as a result the largest and fastest growing eWallet after Paypal. 2008 has
continued this story, with growth across all areas of the business and some
excellent new partnerships with the likes of Ricardo, MTV Networks Germany
and Thomas Cook. 2009 has started extremely well, building on this success,
with the launch of Moneybookers USA and the integration as a payment option
on eBay.com.

Despite uncertain economic conditions, we believe that we can
continue significantly to outgrow both the market and our competition in
2009. Excellent opportunities exist for us to help maintain our growth
momentum over the year. We are confident that we will be able to capitalise
on these and take full advantage of our leading position.

About Moneybookers:

Moneybookers is one of Europe's largest online payments
systems and among the world's leading eWallet providers, with over seven
million account holders. The simple eWallet enables any customer to
conveniently and securely pay online without revealing personal financial
data, as well as to send and receive money transfers cost-effectively by
simply using an email address. Moneybookers' worldwide payment network offers
businesses access to over 60 payment options in over 200 countries with just
one integration. Already more than 35,000 merchants use Moneybookers'
payments service, including global partners such as eBay, Skype and Thomas
Cook.

Moneybookers was founded in 2001 in London and is regulated by
the Financial Services Authority of the United Kingdom.

For more information, see: http://www.moneybookers.com.