Exercise of warrants

Monitise plc (the "Company")

Exercise of warrants

The Company today announces that warrants to subscribe for 2,863,636 new ordinary shares of 1 pence in the Company ("Ordinary Shares") have been exercised; 2,500,000 at a price of 7 pence and 363,636 at a price of 1 pence. 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 21 February 2011.

The Company also announces that it has extended the exercise period for a further warrant granted to FF&P Advisory Limited ("FF&P"), a financial advisor of the Company, on 14 July 2008. This warrant grants FF&P the right to subscribe for up to 5,745,025 Ordinary Shares. Following the extension, FF&P may subscribe for Ordinary Shares at any time up to and including 13 July 2012. Any subscription rights under this warrant that are not exercised on or before 13 July 2012 shall automatically lapse and cease to be exercisable at that time.

Following Admission, the Company will have 701,611,702 Ordinary Shares in issue. The new Ordinary Shares will represent approximately 0.4 per cent. of the issued share capital of the Company immediately following Admission.

16 February 2011

Enquiries:

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

Bobbie Hilliam

Tim Redfern

Canaccord Genuity Limited Tel: 020 7050 6500

Simon Bridges

Financial Dynamics Tel: 020 7831 3113

Haya Herbert-Burns / Charles Palmer