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FireOne Group Plc updates response to the Unlawful Internet Gambling Enforcement Act

On October 2, 2006, the Company made an announcement regarding the passing of the Unlawful Internet Gambling Enforcement Act by the United States Congress. The Company today announces that following the approval of the Act by the President of the United States, it will immediately cease to process settlement transactions originating from United States consumers that may be viewed as being related to online gambling.

The Company expects the Act to be approved by the President of the United States in the immediate near term.

As previously announced, upon becoming law, the Act will have a significant negative impact on the business and results of operations of the Company, and, consequently, the Company has embarked upon a restructuring of its operations and cost base. The Company will continue to offer its multi-currency credit and debit card and FirePay electronic wallet processing to the online gambling industry originating from non-U.S. consumers and not prohibited by the Act, and will consider additional card-not-present payment processing opportunities outside of online gambling.

The Company's Board will continue to update shareholders as and when appropriate.

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