At December 31, 2000 the Company had cash and cash equivalents of $7.2 million and working capital of $3.6 million. The Company had $2.1
million of restricted cash held as security with respect to cash provided by banks participating in Euro n e t ’s ATM network, to cover guarantees on
financial instruments and as deposits with customs officials (See Note 7 to the Consolidated Financial Statements – Restricted cash). In addition to
the assets held on the balance sheet at December 31, 1999 the Company held r e p u rchased notes payable with a face value of 48.4 million
Deutsche Marks ($23.3 million as at December 31, 2000 based on a USD to DM rate of 1:2.08) and a fair market value at December 31, 2000 of
$9.3 million (See Note 20 to the Consolidated Financial Statements – Financial instruments). 
On June 28, 2000 the Company entered into an unsecured revolving credit agreement (the “Credit Agreement”) providing a facility of up to $4.0
million from three shareholders as follows: DST Systems in the amount of $2.4 million; Hungarian-American Enterprise Fund in the amount of
$1.0 million; and Michael J. Brown in the amount of $600,000. The facility was available to be drawn upon until December 28, 2000, with
repayment of any draws being due June 28, 2001. On December 28, 2000 the facility was amended and renewed for a further six months and is
available to be drawn until June 28, 2001 with repayments of any draws being due December 28, 2001. Draws on the facility will accrue intere s t
at 10 percent per annum, payable quart e r l y. A “commitment” fee was paid for the initial facility of 100,000 warrants issued pro- rata to the
lenders with a warrant strike price set at the average share price, as quoted on NASDAQ for 10 trading days prior to the warrant issue date, less
10 percent. An additional fee of 100,000 warrants, on the same terms, was paid for the subsequent extension of the facility . Wa rrants are to be
issued on similar terms and conditions for each draw on the facility at the rate of 80,000 warrants for each $1.0 million of funds drawn. As of
M a rch 1, 2001, the Company had not made any draws under the Credit Agreement. 
On Febru a ry 25, 2000 the Company entered into two subscription agreements for the sale of an aggregate of 650,000 new common shares of the
C o m p a n y. Closing under those agreements took place on March 13, 2000. These agreements were signed with certain accredited investors in
transactions exempt from registration under the exemptions provided in Section 4(2) and Regulation D of the Act. The purchase price of each
s h a re was $6.615, which re p resents ninety percent of the average closing price for the ten trading days prior to and including Febru a ry 15, 2000.
The aggregate amount of proceeds to the Company from the private placement was $4.3 million. Under each of the agreements, for each two
s h a res of common stock purchased in the private placement, the purchasers were issued one warrant to purchase a share of Euronet common
stock at an exercise price of $11.615, expiring in each case on the one year anniversary date of the subscription agreement. 
In April 2000 the Company entered into two separate subscription agreements for the sale of an aggregate of 354,777 new common shares of the
C o m p a n y. Of the total new shares, closing with respect to 254,777 shares took place on April 10, 2000, and closing with respect to 100,000 share s
took place on May 4, 2000. These agreements were signed with certain foreign persons in transactions exempt from registration under the
exemption provided in Regulation S of the Act. The weighted average purchase price of each share was $7.50. The aggregate amount of pro c e e d s
to the Company from the private placement was $2.7 million. Under each of the agreements, for each two shares of common stock purchased in