Sale of Australian HQ

RNS Number:8938M
Bartercard plc
29 November 2006

Bartercard PLC

"Bartercard"



Sale of Australian HQ



Bartercard has raised capital by realising a profit on sale of its Australian
property asset valued at only A$3.55 million in the group's accounts.



Further to the announcement of 30 October, the sale and leaseback of
Bartercard's Australian headquarters building for A$13.5million has been
completed with funds settled to the company's Australian account today.
Bartercard Australia has entered into a ten year lease for approximately 80% of
the space in the building.



The sale retires all the entire long term cash debt of the group and frees up
A$1 million per year in cash flow capital repayments. It also provides
additional working capital to fund expansion in the UK and the UAE, both of
which are growing at a record rate.



"Never before has this company been in such a strong financial position, and
with unprecedented levels of enquiries for license sales, Bartercard is
expecting to post a record year for 2006/7" says Executive Chairman, Wayne
Sharpe.



"Bartercard Australia, the company's largest subsidiary, is the profit engine
for the group and requires no funding, which means the board has approved in
principle, subject to accounting advice, the payment of a dividend to
shareholders from the proceeds of this sale of up to

A$1.5 million" says Mr. Sharpe.



                                                                29 November 2006



Enquiries:


Bartercard PLC
Wayne Sharpe, Chairman                                            07909 975488





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

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