Under the agreement, BSG will manage data clearing for Turkcell’s network of 539 international roaming partners covering 193 countries. As of December 2006, Turkcell had a subscriber base of 31.8 million of pre and post paid customers. With the growing tourism industry in Turkey, international roaming traffic should increase.

Turkcell chose BSG because of the consistently high quality of service received and the efficient and responsive actions of the client focus team based in Germany. Besides the provision of marketing Value Added Services, BSG provides flexible and efficient support for Turkcell’s market initiatives and new service launches and supported Turkcell’s leading position in the market.

Oyku Torun, Head of International Roaming for Turkcell commented, “Continuing our contract with BSG was the natural choice for us. We get everything we need in terms of support and service quality. Our clearing operation runs smoothly with little intervention from us. We are confident BSG will continue to run a seamless, efficient, and accurate service.”

Atul Devani, Chief Executive Officer for BSG Wireless said, “Turkcell is a long standing customer of ours and we are excited at the prospect of continuing business with them. We will continue to support their strategic business goals and look forward to developing the relationship further into the future to mutually benefit our respective organizations.”

About BSG Clearing Solutions
BSG Clearing Solutions is a leading global provider of clearing and settlement, payment services, and financial risk management solutions for communications service providers. The company processes over 20 billion transactions annually for 750 of the world’s largest communications companies throughout North America, Europe and Asia. With a ubiquitous, scalable platform and an extensive portfolio of clearinghouse services for fixed-line, wireless, Wi-Fi, and broadband networks, BSG monetizes network transactions by facilitating the financial exchange of its customers’ services. BSG meets the needs of today’s complex network interconnections and anticipates the requirements of converging technologies, allowing for rapid and reliable deployment. BSG Clearing Solutions is an operating subsidiary of Billing Services Group Limited, which is publicly traded on the London Stock Exchange (AIM) under the ticker symbol BILL. For more information, visit www.bsgclearing.com.

About Turkcell
Turkcell is the leading GSM operator in Turkey with 31.8 million post-paid and pre-paid customers as of December 31, 2006 operating in a three player market with a market share of approximately 60% as of September 30, 2006 (Source: Telecommunication Authority). In addition to the high-quality wireless telephone services, Turkcell currently offers General Packet Radio Service (GPRS) countrywide and Enhanced Data Rates for GSM Evolution (EDGE) in dense areas, which provide for both improved data and voice services. Turkcell provides roaming with 539 operators in 193 countries as of January 5, 2007. Serving a large subscriber base in Turkey with its high-quality wireless telephone network, Turkcell reported US$4,528 million net revenues as of December 31, 2005 and US$3,497million net revenue for the nine months as of September 30, 2006 as per IFRS financial statements. Turkcell has interests in international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova, Northern Cyprus and Ukraine. Turkcell has been listed on the NYSE (New York Stock Exchange) and the ISE (Istanbul Stock Exchange) since July 2000 and is the only NYSE listed company in Turkey. 51.00% of Turkcell’s share capital is held by Turkcell Holding, 7.46% by Cukurova Group, 13.07% by Sonera Holding, 5.07% by M.V. Group and 0.01% by others while the remaining 23.39% is free float.

“The Asia Pacific market offers a tremendous opportunity for growth, said Atul Devani, CEO of BSG’s wireless services. “Both Law and Rocca bring expert knowledge of the region to BSG and we are confident their presence will positively impact the company’s global reach.”

John Rocca joins as General Manager, Asia Pacific and will be responsible for all operational activities in the BSG Hong Kong office. Prior to joining BSG, Rocca worked at Intec Telecom Systems (Intec Billing), where he served as Managing Director for the Asia Pacific region. Before Intec, Rocca worked with LogicaCMG in the Communications Division and the International Business Unit, where he focused on global sales and delivery of telecommunications solutions.

Candic Law joins as Regional Sales Manager, Asia Pacific and will be responsible for expanding the company’s business in the Asia Pacific region. Prior to working with BSG, Law worked with Hutchison Telecommunications Ltd., where she led a team that managed roaming partners worldwide including Asia Pacific operators China Mobile, China Unicom, Chunghwa, FarEastone, Singtel, Starhub, Celcom, SK Telecom, T-Mobile and DoCoMo.

About BSG Clearing Solutions
BSG Clearing Solutions is a leading global provider of clearing and settlement, payment services, and financial risk management solutions for communications service providers. The company processes over 20 billion transactions annually for 750 of the world’s largest communications companies throughout North America, Europe and Asia. With a ubiquitous, scalable platform and an extensive portfolio of clearinghouse services for fixed-line, wireless, Wi-Fi, and broadband networks, BSG monetizes network transactions by facilitating the financial exchange of its customers’ services. BSG meets the needs of today’s complex network interconnections and anticipates the requirements of converging technologies, allowing for rapid and reliable deployment. BSG Clearing Solutions is an operating subsidiary of Billing Services Group Limited, which is publicly traded on the London Stock Exchange (AIM) under the ticker symbol BILL. For more information, visit www.bsgclearing.com.

All company or product names are trademarks and/or registered trademarks.

Highlights of the transaction include:
* Immediate earnings contribution;
* fully complementary to existing BSG operations and BSG customers;
* broadens BSG’s customer base to include utility groups and financial services companies;
* further diversifies the Company’s revenue streams through the wide array of call-centre services;
* consistent with BSG’s stated growth strategy.

Commenting on the acquisition, Roland J. Bopp, CEO of BSG, said: “VoiceLog’s third party verification business has a great reputation in the industry and offers us considerable benefits of scale and market penetration. Their complementary services reinforce our business proposition and for over 5 years, we’ve cultivated a relationship that makes this a very natural conclusion. I am delighted to welcome the VoiceLog team to BSG.”

About VoiceLog, LLC
Founded in 1996, VoiceLog, LLC has grown from an original idea into the world’s leading provider of third party verification services, with over 300 clients in Europe, the U.S. and Canada. Following the acquisition, 30 employees including VoiceLog founder Larry Leikin will remain with the business. Mr. Leikin will continue in his role as General Manager of the TPV business for BSG.

During the year ended 31 December 2005 the TPV business recorded unaudited revenues of $7.6 million and net income before taxation of $2.4 million after charging $0.5 million of depreciation and amortisation. The business had unaudited assets of $1.8 million at 31 December 2005. This information has been extracted from unaudited segment information contained in the audited accounts of VoiceLog, LLC at and for the 12 months ended 31 December 2005.

The company has unrivalled expertise in principal areas of third party verification, E911 notification, and electronic verification. Its software and services are capable of transacting in 24 different spoken languages.

* Third Party Verification (“TPV”): VoiceLog, LLC is contracted by telecom providers, utility groups and financial services companies to gain independent, authoritative confirmation that companies or individuals have agreed to change to new service providers. In the U.S., VoiceLog has an approximate 60% market share in TPV by number of clients. TPV is required or authorised by the U.S. Federal Communications Commission (FCC) in most states for telecom service changes, and by many states for changes in electric and natural gas service. In addition, the U.S. Federal Trade Commission requires a process similar to TPV for many orders and many clients use TPV to ensure reliable documentation of those orders. VoiceLog offers both automated and live third party verification utilising the latest technologies such as speech recognition and distributed live agents.

* In-Language Support: VoiceLog’s Any Language on Earth™ provides translation and verification services in any language a client requires. In addition to the current list of 24 different languages including Arabic, Hebrew, Hmong and Tagalog, VoiceLog will locate and train new agents to accommodate any special language requests.

* Electronic Letters of Authorisation (eLOA): VoiceLog’s NetTPV™ verifies telecom, Internet or other service orders with the security and credibility of third party verification and the legal standing of a fully qualified electronic signature.

* Reg E Xpress: Reg E Xpressâ„¢ is a phone-based electronic signature process specifically designed for one-off and recurring automated demand draft and debit authorisation. The VoiceLog system records necessary information which customers can retrieve via a toll-free number. A written copy is then sent to the customer for their records.

* E911 Notification: VoiceLog’s E911Alertâ„¢ notifies VoIP customers of E911 service, while gaining their affirmative acknowledgement of the notice. The U.S. FCC requires VoIP carriers who connect with the public telephone network to notify their customers of any limitations to their E911 service, including where and under what conditions it may not be available. Importantly, VoIP carriers must also obtain “affirmative acknowledgement” from every customer that they have received and understood that information.

About BSG Clearing Solutions
Billing Services Group Limited (BSG) is a leading global provider of clearing, settlement, payment and financial risk management solutions for communications service providers. Listed on the London Stock Exchange (AIM: BILL), the company has to date made two acquisitions – EDS Interoperator Services GmbH (August 2005) and United Clearing Plc (March 2006).

Through its operating business units, the Group processes over 20 billion transactions annually for 630 of the world’s largest communications companies throughout Europe, North America and Asia.

Recent developments include:
* renewal of agreement with Cincinnati Bell for GSM international roaming financial clearing and settlement services;
* availability of BSG’s Roaming Information Service in Europe and Asia; and
* corporate debt refinancing with a new $330 million multi-currency credit facility.

With a ubiquitous, scalable platform and an extensive portfolio of clearinghouse services for wireless, fixed-line, WLAN, content and next-generation networks, BSG monetises network transactions by facilitating financial settlements. Positioned at the centre of network commerce, BSG has the ability to process accurately and manage billions of financial transactions with the highest standards of security, reliability and trust, all in real time.

About VoiceLog
VoiceLog, LLC is the world’s leading provider of third party verification, with over 300 clients in the US, Canada and Europe. VoiceLog has developed unrivalled expertise in regulatory compliance, automated and live agent verification scripting, recording, storage, retrieval and reporting. With over 10 years of experience and over 100 million calls recorded, it is no wonder that more telecom companies choose VoiceLog than all other TPV providers combined. For more information about VoiceLog, call 240-631-8392 or visit VoiceLog on the web at www.voicelog.com.

“This will be the biggest sporting event in the world and mobile communications will have an unprecedented role in spectator enjoyment this year,” said Roland J. Bopp, CEO of BSG. “As the exclusive roaming partner for virtually all wireless operators in Germany, BSG will be on hand to ensure there are no ‘own goals’ behind the scenes.”

An estimated 5 million fans from all continents around the globe, supporting the 32 nationalities taking part, are expected to visit Germany during the four-week World Cup competition. Mobile phones will be used to relay messages, download content, send pictures and texts to friends and family, as well as to record goals and highlights. Companies are already promoting World Cup related content, such as player photos, historic video clips, ring tones and games, and operators are expecting intense traffic volumes in largely unpredictable spikes.

All German wireless operators, including T-Mobile and O2, are BSG clients and will be relying on the company to process and clear all roaming transactions.

“Our system ordinarily handles large volumes of traffic and is designed to scale accordingly so that it can easily handle the additional anticipated traffic,” stated Abie Reifer, Chief Technology Officer for BSG. “Nonetheless, we’ve taken the cautionary validation steps to ensure our system will continue to operate smoothly throughout this period of expected transaction spike so our customers are provided with the same high quality level of service to which they’re accustomed.”

“We’re proud to be part of this important, global event and are confident in BSG’s ability to fully support us. Knowing they’ll be handling the increase in mobile call volume allows us to focus on giving our customers the best experience possible,” Dirk Schmelzer, Vice President, Carrier & International Services of O2 Germany, a BSG customer since 2000, said.

About BSG Clearing Solutions
BSG is a leading global provider of clearing, settlement, payment and financial risk management solutions for communications service providers. Listed on the London Stock Exchange (AIM: BILL), the company has to date made two acquisitions – EDS Interoperator Services GmbH (August 2005) and United Clearing Plc (March 2006). Through its operating business units, the Group processes over 20 billion transactions annually for 630 of the world’s largest communications companies throughout Europe, North America and Asia.

Recent developments include:
- renewal of agreement with Cincinnati Bell for GSM international roaming financial clearing and settlement services;
- availability of BSG’s Roaming Information Service in Europe and Asia;
- joint UK marketing and distribution with BT of its Onepayâ„¢ services; and
- corporate debt refinancing with a new $330 million multi-currency credit facility.

With a ubiquitous, scalable platform and an extensive portfolio of clearinghouse services for wireless, fixed-line, WLAN, content and next-generation networks, BSG monetizes network transactions by facilitating financial settlements. Positioned at the center of network commerce, BSG has the ability to process accurately and manage billions of financial transactions with the highest standards of security, reliability and trust, all in real time.

“BSG’s experience in managing high volume transactions made them an obvious choice for this endeavor,” said David Hunter, head of BT ePayments in the UK. “We’re looking forward to a continued partnership to leverage our complimentary business models to address current and future market needs.”

Under the agreement, BSG will develop, host and operate the Onepay platform and manage the web portal and IVR which will take end-user payments via credit and debit cards for a variety of services. The contract also includes reciprocal branding rights for both companies, as well as a joint strategic and distribution agreement for marketing and selling the BT Onepay services within the United Kingdom.

“We are extremely pleased to be partnering with BT and look forward to supporting their Onepay offering,” said Patrick J. Haynes III, CEO of BSG Clearing Solutions. “We view this as an exciting opportunity to apply our knowledge and experience to a new area of service as BSG rapidly expands in Europe.”

Mr. Bopp, a German national, brings more than 20 years of executive leadership in telecom service organizations in both North America and Europe. His most recent position was Chairman, President & CEO of the Americas for Deutsche Telekom Inc., a subsidiary of Deutsche Telekom of Germany, that was based in New York. Over a period of three years he led the successful expansion of that business via both organic growth and through acquisitions. Prior to that, he was managing director of Mannesmann, the U.S.-based, $20 billion telecom and engineering company acquired by Vodafone in 2000. While at Mannesmann, Bopp was also responsible for establishing Mannesmann’s successful mobile business. He has also managed a number of telecom sector private equity funds and has advised large Eastern Europe wireless operators, among others.

“Roland brings tremendous business acumen and global contacts to this position,” said Patrick J. Hayes III, chairman of the board for BSG. “His understanding of the industry and customer requirements and his experience with expanding global companies will be invaluable as we continue to build BSG into a global communications clearinghouse.”

Mr. Bopp was recruited to Billing Services Group Limited to oversee the company’s further international development, particularly in Europe, the Middle East and Asia. Mr. Bopp will relocate to London, where the company has established a central executive function, and a full U.S.-based executive team, all of whom will continue with the business, will support him. As part of his service package, Mr. Bopp will be granted options on over 8,000,000 un-issued common shares in the capital of the company, vesting over three years and on terms comparable to those under the company’s existing share option plans. The company’s remuneration committee based on the fair market value of the company’s common shares as of today will determine the exercise price of these options.

“I’m very pleased to be joining such an impressive organization at a strategic moment in its history,” said Roland Bopp. “After just one year on AIM, BSG will move up on the London Stock Exchange (LSE) next month. The company’s strong market position and recent acquisitions have established the right structure for the next phase of growth.”

“We see strong, sustainable growth as the North American GSM market adopts subscribers in large numbers,” said Patrick Haynes III, CEO of BSG Clearing Solutions.  “With our 20 years of clearing and settlement experience, and our record of clearing and settling billions of wireless and wire line transactions worldwide, BSG is the obvious choice to provide seamless wireless clearing services.”

BSG Clearing Solutions partnered to create a wireless data clearing capability that supports the latest GSM TAP standards and incorporates the unique needs of the North American marketplace.  The solution also captures the following features and functionality.

• Rating and Re-Rating Functionality: Allows operators to perform rating according to specific Bilateral or Multilateral Agreements and Inter Operator Tariffs (IOT.) In addition, the service provides for the complex re-rating functionality based on a variety of flexible configurable parameters.
• Fraud/High Usage Management: Manages fraud and high usage standards by identifying potentially fraudulent behavior early in the Mobile Roaming Clearing life cycle. This solution meets the latest industry standards with the flexibility to evolve as new standards are developed and implemented.
• Comprehensive Web-based Reporting: Provides on-line reporting access with the flexibility needed to meet an operator’s constantly changing needs for financial, file history and usage reporting.
• Enhanced Customer Focused Service Support: Leverages and further extends our client relationships through focused, individualized customer care as part of BSG’s industry standards.
• Revenue Assurance and Financial Analysis: Assists operators from daily financial and usage reconciliation to monthly financial settlement services.

About BSG Clearing Solutions
BSG Clearing Solutions is a leading global provider of clearing and settlement, payment services, and financial risk management solutions for communications service providers. The company processes over 15 billion transactions annually for 570 of the world’s largest communications companies throughout North America, Europe and Asia. With a ubiquitous, scalable platform and an extensive portfolio of clearinghouse services for fixed-line, wireless, Wi-Fi, and broadband networks, BSG monetizes network transactions by facilitating the financial exchange of its customers’ services. BSG meets the needs of today’s complex network interconnections and anticipates the requirements of converging technologies, allowing for rapid and reliable deployment. BSG Clearing Solutions is an operating subsidiary of Billing Services Group Limited, which is publicly traded on the London Stock Exchange (AIM) under the ticker symbol BILL. For more information, visit www.bsgclearing.com.

BSG Clearing Solutions began successful merchant implementations and processing of consumer credit cards approximately six months ago, and currently supports merchants in the telecom and ecommerce industries. BSG’s processing portfolio now includes LEC invoicing, mobile roaming clearing, direct billing, revenue recovery and credit card processing.

BSG Clearing Solutions credit card processing incorporates:

• Fully Integrated Risk Management and Analytic Fraud Services: Flexible fraud detection technology provides transaction risk management with screening tools for velocity checks, geo-location, rule weighting, risk scoring, and more. This integrated real-time risk management platform is further enhanced by a BSG Clearing Solutions proprietary database made up of 15 years of historical LEC billing data. The integration of this data and technology has created a one-of-a-kind risk management solution that will allow service providers to increase collectables and improve cash flow.
• Comprehensive WebTrack Reporting Tool: Complete accounting and administration in a flexible, easy-to-use, secure application over the Internet. WebTrack simplifies administration settlement by providing the ability to view specific data on a daily basis and to print customer activity reports on a provider-by-provider basis.
• Customizable Recurring Billing Application: Management of individual consumer accounts through a variety of subscription and installment options. Service providers can offer their customers flexible payment schedules and automate transactions on a weekly, bi-weekly, monthly, bi-monthly, quarterly, twice-yearly, or yearly basis.
• Dedicated Customer Service Support: A single point of contact at BSG Clearing Solutions is assigned to each service provider customer.
• Enhanced Bundled Offerings: Fully integrated and scalable solutions allow service providers to capitalize on the inherent cost-effectiveness and revenue-enhancing billing solutions that are available through using a single source solution.

“Our new name – BSG Clearing Solutions – clearly communicates our ability to clear financial and data transactions across varied communications platforms for the convergence of next generation services,” said Patrick Haynes III, CEO of BSG Clearing Solutions. “With the complexity of wireless international roaming, VoIP, WiFi, and digital content, companies need a comprehensive solution to simplify the process of integrating and monetizing the many-to-many retail and wholesale interconnections. We are that trusted third party and this is the core of what we do.”

Haynes continued, “Our customers and partners in Europe are experiencing fundamental changes and tremendous growth. We will continue to help them deliver high quality, next generation service offerings and get them to market more quickly. With our strong track record, comprehensive services, and experienced staff, we’re confident that we’re the company to enable further growth for the industry.”