CARTER LEDYARD & MILBURN LLP ASSISTS E-PAY LTD. IN SALE TO EURONET

On February 19, 2003, Euronet Worldwide, Inc. (Nasdaq: EEFT), a leading electronic payments provider, announced the signature of an agreement to acquire U.K.-based e-pay Ltd. e-pay is the largest electronic payments processor of prepaid mobile airtime top-up services in the U.K. and Australia, with approximately 35 percent and 75 percent market share in their regions, respectively.

Of the $76.2 million purchase price to be paid by Euronet, $30.2 million will be paid in cash at closing, $19.0 million, or 2,497,504 shares, in Euronet common stock and the remainder in deferred purchase price or under promissory notes executed at closing with 24 month maturity dates bearing interest rates averaging approximately 7.25 percent. Approximately $7.4 million of the notes are convertible into Euronet common stock at a conversion price of $11.43 per share, or approximately 647,000 shares, and the remaining $11.0 million are unsecured promissory notes. Shares issued in this transaction represent a 10.5 percent increase over currently outstanding Euronet shares. If all rights of conversion are exercised, shares issued in the transaction would be approximately 13.2 percent of currently outstanding Euronet shares.

Corporate partner Jim Abbott, corporate counsel Dave McDonald, tax partner Howard Barnet and associate Dan Pittman assisted e-pay Limited with the U.S. aspects of this transaction, working with U.K. counsel Lawrence Graham Solicitors.

Euronet Worldwide is an industry leader in providing secure electronic financial transaction solutions. The company offers financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions and mobile operators. These solutions enable their customers to access personal financial information and perform secure financial transactions -- any time, any place. The company has processing centers located in the United States, Europe and Asia, and operates the largest independent ATM network in Europe. With corporate headquarters in Leawood, Kansas, USA, and European headquarters in Budapest, Hungary, Euronet serves more than 200 clients in 60 countries. Visit Euronet’s web site at www.euronetworldwide.com.

Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 104 attorneys and has been headquartered on Wall Street since its founding and has additional offices in midtown Manhattan and Washington, DC. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, trusts and estates, maritime, ERISA, exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.