Completion of Sale of USP to Oracle

Sydney, 4 August 2010

eServGlobal Limited (ASX: ESV; LSE: ESG) is pleased to announce that it has today completed the sale of its USP Business and USP Products to Oracle for AUD$107M (GBP£61.4M) following the satisfaction or waiver of all outstanding conditions.

After taking into account prior year tax losses in various countries, we anticipate the tax liability on the transaction will be approximately AUD$9M (GBP£5.1M), of which the majority will be Australian taxes generating franking credits.

eServGlobal’s Chief Executive Officer Richard Mathews commented “ We are pleased to have completed this transaction and look forward to the exciting opportunities our remaining
businesses will provide.”

The Board intends to now expeditiously undertake a capital management review as described in the company’s 26 May 2010 announcement.

ENDS

About eServGlobal
eServGlobal specializes in Mobile Money solutions and Value-Added Services (VAS), to help Telco Service Providers increase their revenue and gain and maintain customer ownership.

eServGlobal invests heavily in product development, using carrier-grade, next-generation technology and aligning with the requirements of more than 60 customers in over 45 countries. For 24 years, mobile, fixed, Internet and multiplay telco providers have used our capabilities to lead and innovate in their local markets, leveraging their core assets and their trusted agent and subscriber relationships.

With 13 offices globally, eServGlobal provides full “end-to-end” and “any account to any account” Mobile Financial Services and International Money Transfers. Our HomeSend solution is the only mobile-centric international remittance hub to gain endorsement from the GSM Association.

Our Value-Added Services in promotions, loyalty, messaging and multiplay are focused around the transaction and enable service providers to engage with the subscriber in a personalized and dynamic manner.

To reduce time-to market and manage exposure to CAPEX, we now offer multiple licensing alternatives, including SaaS-based flexible, revenue-share pricing.

eServGlobal is listed on the Australian Stock Exchange (ESV) and the London Stock Exchange AIM (ESG). More information at: www.eservglobal.com

For further information, please contact:
eServGlobal
Jason Lilenstein, Company Secretary
T: +61 7 3302 0194
info@eservglobal.com

Altium (AIM)
Nominated advisor, Mike Fletcher/Paul Lines
Corporate Broking, Chloe Ponsonby
+44 (0)20 7484 4040