Trading Statement

RNS Number:5232H
Cardpoint PLC
19 January 2005


19 January 2005 
                                  Cardpoint plc
                        First Quarter Trading Statement

          CARDPOINT ANNOUNCES CONTINUED STRONG TRADING IN FIRST QUARTER

Cardpoint is a provider of electronic payment transactions and is the market
leader in the independent ATM sector. The Company owns and operates 2,800 cash
machines dispensing more than #300m each month and approximately 4,000 mobile
phone top-up terminals, selling more than #7m of airtime monthly.


"I am very encouraged by our strong trading performance over the first three
months. To date all our targets both for integration of the HBOS acquisition and
growth in the UK and Germany continue to be met. Focus continues to be on
further integration of the HBOS acquisition and completion of the integration by
September 2005. We now operate 51 machines in Germany and our expansion in
this market is particularly exciting."

                                                   Mark Mills, CEO Cardpoint plc


Trading conditions for the first quarter have continued to be extremely
encouraging and conversion of the machines acquired from HBOS continues to
progress well. The number being converted to charging, the transaction retention
rate and the average charge for withdrawal continues to meet our targets.

The purchase consideration for the HBOS acquisition, as previously announced, is
expected to be significantly lower than forecast at or below #50.6m, compared to
the initial potential consideration of #76.6m. The price of this acquisition
will be confirmed during the year and a further announcement will be made when
appropriate.

In Germany, the number of operational cash machines has increased from 30 to
over 50 and this growth is continuing. All machines are operating profitably,
strengthening our belief that Germany continues to offer exciting opportunities
for expansion of our business outside of the UK. We continue to enhance our
position in this market and aim to increase the number of our machines operating
in Germany to over 250 machines by the end of this year.

Ends

Enquiries
Mark Mills, Chief Executive Officer      Ed Gascoigne-Pees
Cardpoint plc - 01253 361300             Financial Dynamics - 020 7269 7132
Robin Gregson, Finance Director          Geoffrey Pelham-Lane
Cardpoint plc - 01253 361327             Financial Dynamics - 020 7269 7194




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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