RNS Number:2586O
Moneybox PLC
30 June 2005



                                  30 June 2005

                                 Trading Update


Moneybox plc, a leading deployer of ATM, cashless payment and access control
systems, is providing the following trading update as it enters its closed
period.


During the first half of 2005 the Group has seen strong growth in both profit
before tax, exceptional items and goodwill amortisation, and EBITDA before
exceptional items, relative to the same period in 2004.  This encouraging
performance, which is in line with forecast, reflects:


  * Significant savings in supplier costs
  * Strong growth in our European ATM business
  * Removal of under-performing ATMs from the UK estate
  * In-sourcing of a range of ATM support service



New ATM contract sales in both the UK and Europe have seen strong growth in the
first half of the year and as a result there is a significant pipeline of sites
due for installation in the second half. This includes a roll-out programme, now
underway, for freestanding kiosks in high footfall locations.  The recovery in
daily UK ATM transaction rates first reported at the AGM on 12th May has
continued, with daily transaction rates for the second quarter of 2005 ahead of
those achieved in the first quarter.  The first half has also seen the
completion of the major upgrade programme of the UK ATM estate to meet 'Chip and
Pin' and new LINK encryption standards



The Board is pleased to announce that the Group has been awarded its first
outsourcing contract in the Netherlands, initially involving the management of
20 ATMs installed in C1000 supermarkets on behalf of SNS Bank, Moneybox's Dutch
banking partner.  If successful this trial is expected to lead to the roll-out
of ATMs into as many of C1000's 472 supermarkets in the Netherlands as possible.



Our G2 cashless payment and access control business has also seen strong growth
in orders including a number of significant contract wins in the education
sector with Local Education Authorities in the wake of increased interest in the
promotion of healthy eating in primary and secondary schools.



As previously advised to the market, renegotiated supplier contracts will lead
to a restructuring charge of approximately #2m during 2005, the majority of
which will be recognised in the first half results. The group is on schedule for
payback within a year in terms of cost savings that this will generate.



We have remained in a bid period since the end of March and will provide a
further update to shareholders as soon as possible.



It is anticipated that the interim results will be released by 16 September
2005.


For further information please contact


Moneybox plc
Peter McNamara, Executive Chairman                       020 7452 5400


Reputation Inc
Tom Wyatt                                                020 7758 2800






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