6/21/2007

Change of Name

Planet Group Becomes Planet Payment

In accordance with a resolution passed at its Annual Meeting on 8 June 2007, Planet Group, Inc. [LSE:AIM: PPT and PPTR], a leading international multi-currency payment and data processor, has changed its name to Planet Payment, Inc. The change became effective on 18 June 2007.

The change of name to Planet Payment, Inc. aligns the Company’s legal name with the brand identity it has established through its operations, products and services, and better reflects the nature of the Company’s business.

•  Further information on Planet Payment [LSE: AIM: PPT and PPTR for unrestricted and Reg S common shares respectively] can be found at: www.planetpayment.com

• Planet Payment is a multi-currency payment and data processor, enabling processors, acquiring banks and their merchants to accept, process and reconcile credit card transactions in multiple currencies, allowing cardholders to view prices and settle transactions in their native currency. Planet Payment’s systems also enable it to provide enhanced data reporting and data management to merchants who are using multiple systems in different countries.

• The Planet Payment business was established in 1999. Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Hong Kong, London, Shanghai and Singapore. .

• Publication quality photographs are available via Redleaf Communications