RNS Number:5657T
Earthport PLC
22 December 2003


22 December 2003

                         earthport plc ("the Company")

                        Result of Annual General Meeting

All proposed resolutions were passed unanimously at the Company's Annual General
Meeting held earlier today.

Chief Executive Officer Rob Cunningham made the following comments.

I believe your Company is well on the way to achieving significant commercial
development of the business and its goal of becoming cash flow positive in the
current financial year.

The combination of the UPN and the Stored Value product has enabled your Company
to launch the ensurePay, mediaPay, mobilePay and cashPay branded and white
labeled products in 2002-3. These products were recently complemented by the
launch of travelPay at the World Travel Market Exhibition at Olympia.

Between July and September 2003 your Company successfully completed the first
phase of a two part fund raising exercise to raise #3.6m of a target #6.0m to
fund the final phase of development. The Company is in the process of completing
the second phase to raise the remaining #2.4m, to finance partnership and
acquisition activity and provide additional working capital for the combined
business moving forward. As previously reported, 12 Clients are now live, 13
Clients are in the process of going live and others are in the final stages of
contractual documentation. The Company hopes to be able to announce further
progress early in the New Year.

It is my intention to join the Board in January, to steer the Company to
achievement of its stated objectives - 2004 will be earthport's year.

                                     -Ends-
Enquiries :

Rob Cunningham Tel: +44 (0) 20 7907 1100

www.earthport.com



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

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