Exercise of warrants

Monitise plc (the "Company")

Exercise of warrants

The Company today announces that warrants to subscribe for 1,500,000 new ordinary shares of 1 pence in the Company ("Ordinary Shares") have been exercised at a price of 13.5 pence per Ordinary Share. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company. Application has been made for the new Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). It is expected that Admission will become effective on 5 October 2011.

Following Admission and based on the Company's current issued share capital, Monitise will have 706,660,753 Ordinary Shares in issue. The new Ordinary Shares will represent approximately 0.2 per cent of the current issued share capital of the Company immediately following Admission.

28 September 2011

Contacts:

Monitise Group Tel: 020 7947 4300

Tom Spurgeon, Finance Director and Company Secretary

Gavin Haycock, Communications Director

Evolution Securities Limited (NOMAD) Tel: 020 7071 4300

Stuart Andrews

Tim Redfern

Canaccord Genuity Limited Tel: 020 7050 6500

Simon Bridges

Financial Dynamics Tel: 020 7831 3113

Charles Palmer

Jon Snowball