Letter to holders of ASX listed options

28 November 2014

Dear Option Holder

LISTED OPTIONS EXERCISABLE AT $0.04 EACH ON OR BEFORE 31 DECEMBER 2014

We write to you as a registered holder of Listed Options in Vmoto Limited ("the Company") (ASX/AIM.VMT) as at 26 November 2014. The Options are exercisable at $0.04 each on or before 31 December 2014, with each Option providing the right to purchase a single fully paid ordinary share in the Company ("Shares").

You are advised that these Options will expire at 5pm Australian Western Standard Time ("AWST") on Wednesday 31 December 2014. The courses of action open to you as a holder of Options are:

i. Exercise all or some of the Options. A valid exercise of options notice and cleared payment must be received by the Company no later than 5pm AWST on Wednesday 31 December 2014;

ii. Sell your Options on the ASX. Quotation of the Options will cease on Monday 22 December 2014. If you require assistance, please do not hesitate to contact the Company's share registry, Computershare Investor Services, on 1300 850 505; or

iii. Do nothing. If you do not take any action to exercise your Options prior to Wednesday 31 December 2014, the Options will expire and your rights to purchase Shares at $0.04 will lapse.

TIMETABLE

Notice to Option Holders: 28 November 2014

Apply for Quotation of Shares: 18 December 2014

Last Day of Trading/Quotation of Options: 22 December 2014

VMT trade on deferred basis: 23 December 2014

Options Expiry Date: 31 December 2014

Issue Date - deferred settlement trading ends: Any time prior to 22 January 2015

In the event you wish to exercise all or part of your Options, please complete the exercise of Options notice form enclosed with this letter and lodge it with the Company, together with your payment for the number of Shares you wish to purchase.

The Company provides the following information in accordance with the ASX Listing Rules:

i. The total number of outstanding Options as at the date of this letter is 146,223,663;

ii. Each Option entitles the holder to receive, on exercise, one single fully paid ordinary share in the Company. If all Options are exercised, 146,223,663 fully paid ordinary shares will be issued;

iii. The exercise price of each Option is $0.04;

iv. The due date for payment of the exercise price is on or before 5pm AWST on Wednesday 31 December 2014;

v. If payment is not received by 5pm AWST on Wednesday 31 December 2014, your Options will expire with no value and no further entitlement will exist;

vi. Official quotation of Options on the ASX will cease at the close of trading on Monday 22 December 2014;

vii. The closing price on the ASX of the Company's fully paid ordinary Shares on 26 November 2014 (ASX/AIM.VMT) was $0.038; and

viii. The highest and lowest market prices on the ASX of the shares in the three (3) months immediately before this notice were:

a. Highest - $0.048 1 October 2014; and

b. Lowest - $0.037 21 November 2014.

The Directors of the Company thank you for your continued support. If you require any further information, please contact Ms Shannon Coates on (08) 9226 3865.

Yours faithfully

Shannon Coates

Company Secretary