Trintech announces share split

Trintech Group PLC (Nasdaq: TTPA; Neuer Markt: TTP), a global provider of secure payment infrastructure solutions, announced today that its Board of Directors has authorized a one-for-four reverse split of its ADSs, in which one ADS will be exchanged for every four ADSs.

Trintech's stock will trade on a reverse split basis beginning at the opening of the market on Friday, May 24, 2002.

The company's new CUSIP number for such post-reverse stock split shares will be 896682200 and will come into effect on Friday, May 24, 2002.

Upon the effectiveness of the reverse stock split, every four of the Company's ADSs will be converted and reclassified into one post-split ADS.

As required by Nasdaq, the ADSs will trade under the symbol "TTPAD" for the next 20 trading days to highlight the effect of the reverse split.

At the end of this period, the ticker symbol will revert to "TTPA". As a result of the reverse split, each ordinary share will be represented by 1/2 of an ADS (or each ADS represents 2 ordinary shares).