South Africa licence sale

RNS Number:6426M
Bartercard plc
24 November 2006


Bartercard Plc
("Bartercard" or "the Company")


Sale of licence for South Africa


Bartercard has sold the licence for South Africa. The licence was sold for
US$700,000.


Training for the foundation management team for this new licence and
commencement of operations in South Africa is expected to start early next year.


Wayne Sharpe, Chairman of Bartercard, commented:


"We continue to make great progress in our international licence sales. South
Africa will not only make a fantastic country for our operation it is natural
trading partner for our UK and Australian Bartercard networks "



                                                                24 November 2006


Enquiries

Bartercard plc
Wayne Sharpe, Executive Chairman                               07909 975488





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