Liberia: Money Gram Confirms Confidence in Liberia

Reiterates continued investments and support MoneyGram (NASDAQ : MGI), one of the world leaders in money transfer with over 20,000 points of sale in Africa, reiterated its confidence in the Liberian financial sector and reiterated its interest in supporting the financial inclusion agenda of Liberia. Mr. Francois Peyret, MoneyGram International's Regional Director for North & West Africa is undertaking a working tour of Liberia marking what could be the first senior executive visit to Liberia by a major global financial institution. MoneyGram offers over-¬‐the counter money transfer services in Liberia through its agent partners namely: International Bank, FI Bank, LBDI, UBA, Ecobank, Global Bank, GT Bank & Afriland First Bank.

Through these agents MoneyGram is now available all over Liberia, in almost 100 locations. From inception to date MoneyGram has undertaken over 2,000,000 transactions valued at over 500 million dollars, which is a direct cash flow into the Liberian economy. The service is a critical lifeline, allowing Liberians in the diaspora, especially in the US to send money home to loved ones for upkeep, healthcare and education. MoneyGram has invested over a million dollars in the last 5 years to market its proposition in Liberia. Efforts here more recently have included donations of school items-¬‐notebooks,waste bins, cash awards, etc.to various high schools and universities valued at OverUS$50,000.00. There has also been a donation of logistics materials to the Monrovia City Corporation in 2010 in addition to various consumer reward schemes like the recently ended Double promo (where lucky customers got their transactions doubled).

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