Board Appointments

BOARD APPOINTMENTS

ANNOUNCEMENT 29 JANUARY 2013

Vmoto Limited ("Vmoto" or "the Company") (AIM/ASX:VMT) advises that its Board has resolved to effect the following changes to the current Board and management structure.

The Company is pleased to announce the appointment of Mr Simon Farrell as non-executive Chairman of the Company. Mr Farrell has over 30 years' experience in private and public corporate business especially in the mining industry at senior management and board level, principally in the areas of finance, marketing and general management. He was previously managing director of ASX and AIM listed Coal of Africa which he was responsible for growing to a market capitalisation of more than £1 billion. He holds a BCom degree from the University of Western Australia and an MBA from the Wharton School at the University of Pennsylvania. He is a Fellow of both the Australian Society of Accountants and the Australian Institute of Company Directors. Mr Farrell currently resides in London and has very strong relationships with brokers and fund managers in the UK.

Mr Yin How (Ivan) Teo, the Company's Chief Financial Officer, will assume the role of Finance Director, effective immediately. Based in Nanjing, China, Mr Teo holds a BCom from the University of Adelaide, is a Chartered Accountant and has experience in corporate finance.

Commenting on the appointment, the Company's Managing Director Mr Charles Chen said: "We are pleased to welcome both Simon and Ivan to the board of Vmoto. Simon's experience in global business, dealings in China and his respect in the broking and capital markets in London will be important for us as we continue to grow the Company. I also welcome Ivan to the Board as Finance Director."

As part of his package, and subject to shareholder approval, Mr Farrell will be entitled to 10 million unlisted options of which 5 million will be exercisable at $0.04 and 5 million will be exercisable at $0.08, vesting one year from the date of issue and expiring five years from the date of issue.

The Company confirms it will continue to search for additional appropriately qualified Board members and senior management to further strengthen the business.

Mr Farrell and Mr Teo's Appendix 3X "Director's Initial Interest Notices" will follow.

The following further information in relation to the appointment of Mr Farrell and Mr Teo is disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies:

Full name: Simon James Farrell

Age: 61

Mr. Farrell does not currently hold any shares in the capital of Vmoto.

Full name: Yin How ("Ivan") Teo

Age: 33

Mr. Teo holds 3,511,000 ordinary shares in the capital of Vmoto, 2,000,000 ESOP Options over ordinary shares and 425,000 listed options over ordinary shares.

There are no other matters which are required to be announced under Schedule 2(g) of the AIM Rules for Companies.

AUTHORISED BY:

Charles Chen

Managing Director

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About Vmoto

Vmoto is a global scooter manufacturing and distribution group and has been listed on the Australian Stock Exchange (ASX) since October 2001 and the AIM Market of the London Stock Exchange since November 2012. The Company specialises in high quality "green" electric powered scooters and manufactures a range of western designed electric (and some petrol) scooters from its low cost manufacturing facilities in Nanjing, China, marketed in Europe through its operation in Barcelona, Spain and marketed outside Europe through its operations in Australia. Vmoto combines low cost Chinese manufacturing capabilities with European design. The group operates through two primary brands: Vmoto (aimed at the value market in Asia) and E-Max (targeting the Western markets, with a premium end product). As well as operating under its own brands, the Company also sells to a number of customers on an original equipment manufacturer ("OEM") basis.