A circular has today been sent to shareholders and is also available on the Company's website.

The new name represents a strategically important evolution for the NETELLER Group. It builds on a year long rebranding process to differentiate the parent company from the Group's operating brands of NETELLER, NETBANX and Net+, each of which has a strongly established brand identity and reputation. The name, meaning 'New Way', supports the Group's strategic vision of providing differentiated, bold and exciting online payment solutions that target merchants and their 'online generation' customers.

Earlier this year the Group revitalised both its NETELLER consumer and NETBANX business brands, and has recently announced the relaunch of its Net+ card brand. The name change is expected to provide a broader umbrella for future growth, as well as enhancing the Group's credibility with both merchant and end user customers, partners and regulators. It also positions the Group well for further progress in its financial services strategy. The Board therefore believes that it is appropriate to change the Company's name from NETELLER Plc to NEOVIA Financial Plc.

The change of name of the Company to NEOVIA Financial is subject to the passing of a special resolution at an extraordinary general meeting of the Company's shareholders which is to be held on Tuesday 11 November 2008 in the Isle of Man. Further details are set out in the circular to shareholders.

Until the name change is effective, the Company will continue to trade under its present ticker symbol NLR. Thereafter, it is anticipated that the ticker symbol will be NEO. It is expected that the name change and ticker change will become effective from Monday, 17 November 2008.

The Company has posted on its corporate website a short presentation which sets out in overview the rationale and background to the proposed change of name.