Press release

Valista wins major Ireland France Award

Valista Named Best Emerging Company by Ireland France Chamber of Commerce

Dublin, Ireland and San Mateo, CA, USA – April 28th, 2005

Valista, the leading provider of payments and offer management software enabling the purchase of premium services, announced today that it has received the prestigious Ireland France Chamber of Commerce (IFCC) 2005 Award for Best Emerging Company.

The Award is made by the Ireland-France Chamber of Commerce to a company or organization which, in the opinion of the Council, has made an outstanding contribution towards promoting bilateral trade between Ireland and France.

Raomal Perera, CEO of Valista was presented with the prestigious Award by the French Ambassador to Ireland, His Excellency, Frederic Grasset at a ceremony in Dublin today.

Raomal Perera, CEO of Valista said, “Valista has played a key role in the growth of France Telecom’s w-HA payment network, which continues to see a 20% month-on-month growth rate. We look forward to furthering our presence in the French market as we continue to grow, offering innovative services to operators and Internet Service Providers.”

Valista enabled France Telecom to transition its ageing, yet highly lucrative Minitel videotext system into a flexible, open and secure multi-channel eCommerce service, leveraging France Telecom’s fixed-line, wireless and Internet Service Provider (ISP) capabilities. This led to the creation of a new France Telecom eCommerce subsidiary - w-HA -, powered by Valista’s payments solution, PaymentsPlus™. France Telecom’s w-HA is now an open, secure and thriving eCommerce ecosystem with over 1000 merchants reaching over 97% of the French Internet population. Orange Group (UK and France), as well as VirginMega.fr and ISPs like Wanadoo, Tiscali, and T-Online in France, Orbeo and France Telecom Bill (known as “Kiosque MaLigne”), use the w-HA network to sell enhanced content and services to customers using prepaid and postpaid accounts as well as credit cards.

The Ireland-France Chamber of Commerce has presented this award every year since 1989, to companies and institutions including Wellman International; Woodchester Credit Lyonnais Bank; Irish Distillers; Superquinn; Irish Ferries and Bord na Mona.

The criteria for the award includes the ability to promote a better understanding in economic and trade matters between Ireland and France; the facilitation of contacts between members of the Irish and French business communities and the promotion of bilateral trade between Ireland and France.

Mr John King, President of the Ireland France Chamber of Commerce, said: ‘the Annual Awards are an important opportunity to acknowledge companies that contribute significantly to increasing trade and business links between Ireland and France’.

The Ireland France Chamber of Commerce is the third largest bilateral trade association in Ireland. The Chamber promotes the expansion of trade and business links between Ireland and France. This year, more than ever, the chamber is striving to provide an increased service to its members in view of the buoyant economy in both countries. Irish exports to France were €4.1 billion in the period January.

Notes:
For more information, please contact:

Valista®
Evanna Kearins
Director, Marketing.
Email: marketing@valista.com

About Valista
Valista is the leading provider of multi-channel payments and offer management software for the purchase of premium services over web and mobile channels. The combined subscriber base with access to the Valista product suite exceeds 150 million users with over 1000 merchants utilizing the company’s merchant integration technology. Valista’s products support the entire commerce ecosystem and cover the end-to-end business processes including multi-channel ordering, authentication, payment, settlement, service delivery, and post-purchase care. Key customers: AOL, Vodafone UK, France Telecom's w-HA, Orange, Wanadoo, Tiscali, T-Online and VirginMega.fr (France), NTT DoCoMo, 3 (eight countries) and GTECH. Valista was formed from the merger of Network365 and iPIN in November 2003.

Valista won ‘Best Wireless Application Developer’ at the GSM Association Awards 2004 and has been chosen by both Red Herring and Tornado Insider as one of the Top 100 global companies.

Valista® and ‘accelerating commerce™’ and ‘new ways to purchase with multiple ways to pay™’ , ‘payments software enabling the purchase of premium services™’ are registered trademarks and trademarks of Valista Limited. All other trademarks and registered trademarks referenced in this document are the property of their respective owners.

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