Euronet Completes Sale of Convertible Debentures

The initial purchaser of the convertible debentures exercised its option to purchase an additional $15 million aggregate principal amount of the debentures, bringing the total offering to $140 million aggregate principal amount. Euronet intends to use the net proceeds from the offering to repay approximately $54.3 million of its outstanding debt. Euronet intends to use the remainder of the offering proceeds for general corporate purposes, which may include share repurchases. The debentures may be converted, under certain circumstances, into common stock of Euronet at an initial conversion rate of 29.7392 shares per $1,000 principal amount of debentures, subject to adjustment. The debentures may not be redeemed by Euronet prior to December 20, 2009. Holders of the debentures may, on specified dates and upon the occurrence of certain circumstances, have the right to require Euronet to repurchase some or all of the debentures. The debentures will mature on December 15, 2024. The debentures and the shares of common stock issuable upon conversion of the debentures have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of any offer to buy any securities.