Millennium Partners, L.P.

    VANCOUVER, March 28 /CNW/ - Pursuant to the early warning requirements of
the applicable British Columbia and Canadian securities laws, Millennium
Partners, L.P. ("Millennium Partners") has prepared this announcement in
connection with its acquisition of 4,000,000 shares of common stock of LML
Payment Systems Inc. (the "Company") in a private placement that closed on
March 26, 2008. Pursuant to a Securities Purchase Agreement, dated March 26,
2008, between the Company and Millennium Partners, Millennium Partners
acquired 4,000,000 shares of the Company's common stock at $1.80 per share.
Pursuant to a Registration Rights Agreement, dated March 26, 2008, between the
Company and Millennium Partners, the Company has agreed to register the shares
of common stock acquired by Millennium Partners under the U.S. Securities Act
of 1933, as amended.
    Millennium Partners and its affiliates currently own 4,006,076 of the
Company's common stock, representing approximately 15.2% of the Company's
outstanding common stock.
    The shares were acquired for investment purposes only and not with the
purpose of influencing the control or direction of the Company. Millennium
Partners may, subject to market conditions, make additional investments in or
dispositions of shares or other securities of the Company in the future.

    Millennium Management LLC, ("Millennium Management"), is the managing
partner of Millennium Partners, and consequently may be deemed to have voting
control and investment discretion over securities owned by Millennium
Partners. Israel A. Englander ("Mr. Englander") is the managing member of
Millennium Management. As a result, Mr. Englander may be deemed to be the
beneficial owner of any shares deemed to be beneficially owned by Millennium
Management. As a result either may be seen under applicable Canadian
securities laws to be a joint actor with Millennium Partners and/or to have
control over the shares of the Company owned by Millennium Partners. This
release should not be seen as an admission of any such matters.
    The address of Millennium Partners, L.P. is c/o Millennium Management
LLC, 666 Fifth Avenue, New York, New York 10103.

For further information:

For further information: S. Anthony Romano, at (416) 869-5596

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