NEOVIA welcomes Mark Mayhew as its new president and CEO

The independent online payments business NEOVIA Financial Plc declared the appointment of Mark Mayhew as President and Chief Executive of NEOVIA, beginning 1 September 2009.

Mark, who has a highly successful track record in senior executive roles in consumer financial services companies in the UK and internationally, was appointed following a comprehensive, international search process. The Chairman of NEOVIA, Dale Johnson, commented: "Mark was the stand-out candidate from a number of very strong individuals and we are particularly pleased to welcome him as NEOVIA's new President & CEO. Mark is a very accomplished executive and his proven credentials in strategy formulation, operational development and Plc governance, coupled with his deep financial services and payments expertise, uniquely qualify him to lead NEOVIA at this exciting time."

Mark Mayhew added, "I am delighted to have been appointed President & CEO of NEOVIA. The Company has a strong track record and also an eventful history but I am excited by the opportunity to drive NEOVIA's next phase of growth, building on the Group's vision to deliver bold payment solutions to selected e-commerce communities. The current downturn means that we face some short-term challenges but, in the longer term, I believe the Group is well positioned to make real and sustained progress and deliver significant benefits to its customers, merchants, investors, and employees."

Mr Mayhew, aged 49, has no beneficial interest in the Company's issued share capital as at the date of this announcement. Save as disclosed below in appendix 1, and in accordance with AIM Rule 17, there is nothing further to disclose under Schedule Two, paragraph (g) of the AIM Rules.