Trading Statement

RNS Number:4119K
e-primefinancial PLC
25 April 2003


                      e-primefinancial plc ("the Company")

                                  Bank Charter

On the 21 March 2003 the Company announced that its subsidiary in the United
States, Infinity Financial Holdings Corporation ("Infinity"), was in the process
of raising US$25-30 million to fund the capital requirement of the proposed
bank. At that time we expressed a concern that this process was taking longer
than we had hoped in what are very difficult market conditions and, therefore,
it was prudent to question whether Infinity would ultimately be successful in
raising the requisite funds. Despite interest from a number of quality investors
and having recently received conditional approval from the Federal Deposit
Insurance Corporation, it is now clear that after further discussions with our
placement agents in the United States we will not be able to raise the funds
required within the timeframe imposed by the regulatory authorities. As the US
banking licence from these authorities is conditional, inter-alia, on the
successful raising of the funds, Infinity will, therefore, be withdrawing the
charter application and closing the US operations.

The preservation and enhancement of shareholder value remain the fundamental
objectives of the Board. Whilst the Board continues to focus on other
opportunities and proposals and anticipates that depressed market conditions
will continue to create interesting investment prospects, it is prepared to wait
for the right opportunity and will not rush into a deal just for the sake of
doing a deal.



Enquiries:

www.eprimefinancial.com

Nigel Duxbury, COO and CFO, e-primefinancial plc         020 7839 4132

Mark Percy. Seymour Pierce Limited                       020 7648 8700






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

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