New model launch in China

VMOTO LAUNCHES NEW MODELS OF

ELECTRIC TWO WHEEL VEHICLES IN CHINA

announcement 3 SEPTEMBER 2013

Highlights

· Vmoto launches five new models of electric two wheel vehicles into the Chinese domestic market

· Total of eleven models of electric two wheel vehicle now available in the Chinese domestic market

· Gross margins of Vmoto new electric two wheel products expected to be up to 16%

· Interest in Vmoto products in China remains strong

Vmoto Limited ("Vmoto" or "the Company") is pleased to announce that it has officially launched five new models of electric two wheel vehicles in the Chinese domestic market after several months of development and testing. These new models follow the significant interest shown in the first six models, launched in June 2013, and have been developed specifically to target the Chinese market, the design being modern and fashionable, and at a reasonable price.

After the launch of the first and second batches, the Company now has in total eleven models of electric two wheel vehicles being sold into the Chinese market. This provides a wide range of products for the customers in China and the Company is continuing to develop new versions and new models of electric two wheel vehicles for this market.

Charles Chen, Managing Director of Vmoto, commented: "The addition of five new models of electric two wheel vehicles to the Company's existing range provides a wider range of products for distributors and customers and was driven by the significant interest generated upon first launch of our Chinese models in June 2013. A wider range of products mean more sales avenues across the country and I wish to thank again the R&D department who have contributed in developing the new models of electric scooter in the past few months. The Company is looking forward to seeing these models on the road and continuing to expand its product range to meet Chinese demand."

AUTHORISED BY:

Charles Chen

Managing Director

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About Vmoto

Vmoto is a global scooter manufacturing and distribution group and is listed on the Australian Stock Exchange (ASX) and on the AIM market of the London Stock Exchange. The Company specialises in high quality "green" electric powered two wheel vehicles and manufactures a range of western designed electric (and some petrol) two wheel vehicles from its low cost manufacturing facilities in Nanjing, China, marketed in Europe through its operation in Bremen, Germany 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.