Planet Payment Announces Directors' Option Exercises

Planet Payment Announces Directors' Option Exercises

LONG BEACH, N.Y., Dec. 28, 2012 (GLOBE NEWSWIRE) -- Planet Payment, Inc.
(Nasdaq:PLPM) (LSE:PPT) (LSE:PPTR), a leading provider of international
payment processing and multi-currency processing services, announces the
following issuances of shares pursuant to the exercise of a stock options by
Mr. Philip Beck, Chairman and CEO, and Mr. Graham Arad, Director and SVP,
General Counsel.

On December 27, 2012 the above mentioned directors exercised stock options via
the "net exercise method" in accordance with the Company's 2006 Equity
Incentive Plan, pursuant to which shares subject to the option are cancelled
in order to pay the exercise price of the remaining shares. Each director will
pay the income and other taxes arising out of the exercises in cash. As a
result of these exercises the following shares of Common Stock will be issued
to each director respectively:

Philip D. Beck: 41,342 shares
Graham N. Arad: 28,800 shares

Each option was for an exercise price of $2.50 and was due to expire on
December 31, 2012. The remaining shares which are subject to the options which
were exercised were cancelled, as follows: Philip Beck 172,258; Graham Arad
120,000.

Following the issuance of the shares pursuant to the option exercise:

Mr. Beck is interested in a total of 2,746,470 shares of Common Stock
representing approximately 4.5% of the issued and outstanding shares of Common
Stock (including the outstanding shares of Series A Preferred Stock on an as
converted to Common Stock basis).

Mr. Arad is interested in a total of 1,034,806 shares of Common Stock
representing approximately 1.7% of the issued and outstanding shares of Common
Stock (including the outstanding shares of Series A Preferred Stock on an as
converted to Common Stock basis).

About Planet Payment

Planet Payment is a leading provider of international payment processing and
multi-currency processing services. We provide our services in 18 countries
and territories across the Asia Pacific region, North America, the Middle
East, Africa and Europe, primarily through our more than 45 acquiring bank and
processor customers. Our point-of-sale and e-commerce services help merchants
sell more goods and services to consumers, and together with our ATM services
are integrated within the payment card transaction flow enabling our acquiring
customers, their merchants and consumers to shop, pay, transact and reconcile
payment transactions in multiple currencies, geographies and channels.

Planet Payment is headquartered in New York and has offices in Atlanta,
Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong Kong, Mexico City,
Shanghai and Singapore. Visit ww.planetpayment.com for more information about
the Company and its services. For up-to-date information follow Planet Payment
on Twitter at @PlanetPayment or join Planet Payment's Facebook page.

CONTACT: Planet Payment, Inc.
         Graham Arad, SVP General Counsel
         Tel: + 1 516 670 3200
         www.planetpayment.com
        
         Redleaf Polhill (UK PR for Planet Payment)
         Emma Kane / Henry Columbine / Rebecca Sanders-Hewett
         Tel: +44 20 7566 6720
         planet@redleafpolhill.com
        
         ICR (US PR for Planet Payment)
         Don Duffy / Dara Dierks
         Tel: +1 646-277-1212
        
         Canaccord Genuity Ltd (UK) (Nomad for Planet Payment)
         Simon Bridges / Andrew Chubb
         Tel: +44 20 7523 8000
 
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