Holding(s) in Company

RNS Number:6244E
e-pay Asia Limited
27 September 2007


                               E-PAY ASIA LIMITED

                                (the "Company")



                                Issue of Equity


The Company announces that application has been made for 1,709,756 ordinary
shares of nil par value in the Company ("Ordinary Shares") to be admitted to
trading on AIM. It is expected that admission of the new Ordinary Shares will
take place on 28 September 2007.


1,709,756 Ordinary Shares were allotted to Cornell Capital pursuant to the
convertible note agreement in consideration for US$ 100,000.


In addition 5,000 new Ordinary Shares are being issued pursuant to options being
exercised by employees at a price of A$ 0.20 per Ordinary Share and are to be
admitted to trading on AIM. It is expected that admission of the 5,000 Ordinary
Shares will take place on 5 October 2007.


Following the issue of new Ordinary Shares, the number of Ordinary Shares issued
and allotted will be 281,656,343.


ENDS


For more information:

Australia
Jack Tan                    e-pay Asia Limited  [phone] / [phone]
Company Secretary                               [e-mail]

Asia
Yap Chih Ming               e-pay Asia Limited  [phone] / [phone]
Chief Financial Officer                         [e-mail]

UK / Europe
John Croft                  e-pay Asia Limited  [phone]
Non-executive Chairman                          [e-mail]

David Newton                Seymour Pierce      [phone]
Nominated Adviser                               [e-mail]

Shane Dolan                 Biddicks            [phone]
Financial Public Relations                      [e-mail]


www.epay-asia.com




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

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