EMBARGOED UNTIL 7.00am ON THURSDAY 4th SEPTEMBER 2008

DATACASH GROUP PLC ('DataCash' or 'the Company')

INTERIM RESULTS

FOR THE SIX MONTHS

ENDED 30 JUNE 2008

4th September 2008 

DataCash Group Plc: DATA / Index: AIM / Sector: Support Services

DataCash Group Plc ('the Company')

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2008

The Board of DataCash Group Plc, the payment service provider, is pleased to announce its half yearly results for the six months to 30 June 2008. 

Overview:

• Revenues increased to £12.2m (June 2007: £9.86m)
• Adjusted* pre-tax profits, increased to £6.3m (June 2007: £5.3m)
• Adjusted* earnings per share increased to 5.04p (2007: 4.07p)
• Cash balances of £19.1m (June 2007: £19.2m) equivalent to 20.7p per share, after acquisition payments for ACK and EuroCommerce.
  

* Before goodwill amortisation and impairment, National Insurance provision on share option gain and notional interest on deferred consideration.

Commenting on the results, Ashley Head, Chairman of DataCash said:

"Overall, the Board is pleased with the progress of implementing our strategy to both broaden our product range and international coverage. Despite the current pessimism regarding the UK economy, the Board is confident of achieving its full year outlook."

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For further information please contact:

DataCash Group PLC

David Bailey                                                                 Tel:+ 44 (0)20 7421 8451

Non-Executive Deputy Chairman                                      Mob:+44 (0)7836 258 558

Carly Smith                                                                 Tel: +44 (0)20 7421 9283
Marketing & Communications                                          Email: Carly.Smith@datacash.com

Paul Burton                                                                 Tel:+44 (0)20 7421 8453

Finance Director                                                          E-mail: Paul.Burton@datacash.com

Andrew Dark                                                               Tel:+44 (0)20 7421 9289

Chief Executive                                                           E-mail: Andrew.Dark@datacash.com

Website: www.datacash.com      General enquiries Tel: +44 (0)870 727 4761

About DataCash  

DataCash Group Plc (AIM: DATA), a market leading provider of payment processing

solutions, provides merchants with a single interface that allows them to process secure payments, both on and offline, anywhere in the world.

DataCash also provides a range of value added services with its fraud and Risk

Management solutions supporting AVS/CV2, 3-D Secure (Verified by Visa and

MasterCard Secure Code) together with traditional rules-based screening.

DataCash provides first-class service reliability at a fraction of the price of an in-house solution, servicing clients within the retail, travel, telecommunications and gaming sectors.

DataCash Group Plc

Interim Report & Accounts for the six months ended 30 June 2008

Chairman's Statement

The Board of DataCash Group Plc is pleased to report that the Group had a very satisfactory first six months trading. Revenues increased by 24% to £12.2m, adjusted pre-tax profits (before goodwill amortization and impairment, National Insurance provision on share option gain and notional interest on deferred consideration) rose by 18.5% to £6.3m and underlying earnings rose by 23.8% to 5.04 pence per share. The prospects for the second half are good, and with strong cash generation an ongoing feature of the business, the Board is pleased to announce an increase in the interim dividend of one third, to 0.4p per share to be paid on 28th November 2008 to those shareholders on the register on 24 October 2008 

The Group saw continued strong transaction volume growth, but also started to reap the benefits of broadening our historically UK centric product and service set into more international, added value areas. DataCash's increased range of new and different types of payment and new services (PayPal; European Debit Payments; Dynamic Currency Conversion; Local Acquiring Services etc) is providing new income streams and improving our competitiveness. In addition our focus into new geographies and vertical sectors is starting to show results. We have signed sizeable deals in Ireland, taken our first contracts for delivering services into Europe for US based entities and increased the numbers of clients taking our broadened range of localised products outside of the UK. 

The recently announced acquisition of ACK is already generating enhanced opportunities in the UK and Irish retail markets, and EuroCommerce, the Dublin-based business targeted at the airline industry, has made good progress, albeit losing more than forecast as a consequence of the airline industry facing some well-documented challenges. We remain confident that the opportunities in this area are significant, as indicated by the successful implementation of our risk system to a number of EuroCommerce's customers. 

We have completed the development of the DataCash Universal Gateway that allows clients to connect to any of the functionality contained within the Group's diverse platforms through a single interface. This is both live and with transactions being successfully processed. The pipeline of clients developing links into the DataCash Universal Gateway continues to grow, demonstrating the demand for the broader range of functionality and services that we have developed or acquired. Our major overhaul of infrastructure is close to completion, ensuring that we have the capacity on demand to continue to meet our customers' and prospects' needs. 

As mentioned above, DataCash is a naturally cash generative business and, despite acquisition payments, we finished the half year with cash balances (including business related deposits) of £19.1m, 20.7p per share. We continue to seek earnings accretive strategic acquisitions to develop the business and to evaluate the opportunities that m-commerce and pre-pay may provide in the future.

Overall, the Board is pleased with the progress of implementing our strategy to both broaden our product range and international coverage. Despite the current pessimism regarding the UK economy, the Board is confident of achieving its full year outlook.

Ashley Head
Chairman

4th September 2008

DataCash Group plc

Consolidated Income Statement

For the 6 months ended 30 June 2008

DataCash Group plc

Consolidated Balance Sheet

As at 30 June 2008

DataCash Group plc

Cash flow statement

For the 6 months ended 30 June 2008

DataCash Group plc

Consolidated Statement of Changes in Equity

For the 6 months ended 30 June 2008