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RNS Number : 8086W

Planet Payment Inc.

02 January 2014

   Date:                            2 January 2014 
   On behalf of:                 Planet Payment, Inc. ("the Company" or "Planet Payment")

For Immediate Release

Director's Option Exercise

Planet Payment, Inc. (NASDAQ: PLPM; LSE: AIM: PPT), a leading provider of international payment and transaction processing and multi-currency processing services, announces the following issue of shares pursuant to the exercise of expiring stock options by Mr. Philip Beck, Chairman and CEO.

On 30 December 2013 Mr. Beck exercised stock options via the "net exercise method" in accordance with the Company's 2006 Equity Incentive Plan, pursuant to which shares subject to the option are cancelled in order to pay the exercise price of the remaining shares. Mr. Beck has paid the income and other taxes arising out of the exercises in cash. As a result of the exercise 779 shares of Common Stock will be issued to Mr. Beck:

Each option was for an exercise price of $2.50 and was due to expire on 31 December 2013. The remaining 16,221 shares which are subject to the exercised options were cancelled.

Following the issue of the shares pursuant to the option exercise, Mr. Beck is interested in a total of 2,455,072 shares of Common Stock representing approximately 4% of the issued and outstanding shares of Common Stock (including the outstanding shares of Series A Preferred Stock on an as converted to Common Stock basis).

About Planet Payment

Planet Payment is a leading provider of international payment and transaction processing and multi-currency processing services. We provide our services in 22 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe, primarily through our more than 60 acquiring bank and processor customers. Our point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with our ATM services are integrated within the payment card transaction flow enabling our acquiring customers, their merchants and consumers to shop, pay, transact and reconcile payment transactions in multiple currencies, geographies and channels.

Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong Kong, Mexico City, Shanghai and Singapore. Visit ww.planetpayment.com for more information about the Company and its services. For up-to-date information follow Planet Payment on Twitter at @PlanetPayment or join Planet Payment's Facebook page.

Enquiries:

 
 Planet Payment, Inc.                  Tel: + 1 516 670 3200 
  Graham N. Arad, SVP General           www.planetpayment.com 
  Counsel 
 Redleaf Polhill (UK PR for            Tel: +44 20 7382 4730 
  Planet Payment)                       planet@redleafpolhill.com 
  Emma Kane / Rebecca Sanders-Hewett 
  /David Ison 
 Canaccord Genuity Ltd (UK Nomad       Tel: +44 20 7523 8000 
  for Planet Payment) 
  Simon Bridges / Cameron Duncan

This information is provided by RNS

The company news service from the London Stock Exchange

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