Ukash Wins Queen's Award for Enterprise for Outstanding Achievement in International Trade

By Ukash, PRNE
Wednesday, April 20, 2011

LONDON, April 21, 2011 - HM The Queen has awarded a Queen's Award for Enterprise to
Ukash, the Global eMoney Network, in the International Trade category.

The prestigious award recognises UK businesses that have
achieved substantial growth in overseas earnings and outstanding levels of
commercial success. Ukash, operating under the holding name of Smart Voucher,
was awarded as a result of its geographical and financial growth.

In the past three years, Ukash has grown from operating in
just 8 countries to over 50. Transaction volume and value have almost doubled
in each of the three years: an increase of over 300%, with almost 70% of
Ukash's earnings now coming from overseas. This financial year has firmly
established Ukash as a profitable company, with further expansion achieved in
both Europe and Latin America.

The Queen's Award is given on the advice of the Prime
Minister, who is assisted by an Advisory Committee comprising key figures
from the Department for Business, Innovation and Skills, the Cabinet and
civil service. The judging panel considered profitability, turnover, market
share, performance and measures taken to stimulate sales in relation to
business targets.

Winners can benefit from the prestige associated with the
award by displaying the logo on marketing materials and online for five
years. Previous winners include BT Group plc, Dyson Ltd and Betfair.

David Hunter, Chief Executive Officer of Ukash, explains:
"Winning the Queen's Award is a great achievement for Ukash as the company
has continued to grow from strength to strength over the past few years. The
Queen's Award is an acknowledgement of Ukash's continuing global expansion
and what we are most proud of: enabling consumers all over the world to spend
cash online simply and safely. On behalf of the whole company, I would like
to thank our staff, partners and customers for their remarkable contribution
to making Ukash a success."

Ukash empowers people to use cash electronically, irrespective
of status, device or boundary, and is available at 420,000 retail locations
worldwide.

About Ukash (R)

For more information on Ukash, visit www.ukash.com/queensawards,
for the list of countries where Ukash is issued please visit
www.ukash.com/countries and follow us on Twitter
www.twitter.com/ukashbusiness.

For more information please contact ING MEDIA:

    Leila Dukes
    ING MEDIA
    leila@ing-media.com
    Ph: +44(0)207-247-8334

    David Cummins
    ING MEDIA
    david@ing-media.com
    Ph: +44(0)207-247-8334

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