EPY E-Pay Asia

RNS Number:6768Y
e-pay Asia Limited
20 June 2007


                               e-pay Asia Limited
                            (the "Company" or "EPY")

                                Issue of Equity

The Company announces that application has been made for 581,153 ordinary shares
of nil par value in the Company to be admitted to trading on AIM. It is expected
that admission of the new ordinary shares will take place on 26 June 2007.


581,503 ordinary shares were allotted to Cornell Capital pursuant to the
convertible note agreement in consideration for US$ 100,000. Following the issue
of new ordinary shares, the number of ordinary shares issued and allotted will
be 279,932,587.


ENDS


For more information

If you are enquiring from Australia and New Zealand, please contact Jack Tan,
Director & Company Secretary of e-pay Asia Limited, on +614 1828 6266, +612 9283
8835 or jtan@epay-asia.com. If you are enquiring from Asia or the Americas,
please contact Tan Yap Seng, Corporate Affairs of e-pay Asia Limited, on +6017
229 1616, +603 5632 2488 or investor@epay-asia.com.


If in the United Kingdom or other parts of Europe, please contact Shane Dolan,
Director of Biddicks in London, on +44 20 7448 1000 or
shane.dolan@biddicks.co.uk. For AIM related matters, please contact e-pay Asia
Limited's nominated adviser, David Newton, Corporate Finance Director of Seymour
Pierce Limited, on +44 20 7107 8000 or davidnewton@seymourpierce.com.


About EPY

e-pay Asia Limited (ASX/AIM: EPY), dual listed on Australia Stock Exchange and
the AIM segment of the London Stock Exchange, is a leading provider of prepaid
mobile airtime and electronic payment solutions in South East Asia.
Headquartered in Kuala Lumpur with its corporate office in Sydney, e-pay Asia
operates in Malaysia, Indonesia, Pakistan and Thailand. For more information on
the Company, please visit our corporate website www.epay-asia.com.


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

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