Proposed Change of Auditor

PROPOSED CHANGE OF AUDITOR

Announcement 26 SEPTEMBER 2013

Vmoto Limited advises that it has been served with Notices of Intention made pursuant to s329(1A) of the Corporations Act 2001 (Cth) in respect of removing William Buck Audit (WA) Pty Ltd as the Company's auditor and a request that a general meeting of the Company be held to move a resolution to that effect.

The same notices also nominate Bentleys Audit & Corporate (WA) Pty Ltd as the new auditor of the Company.

The Company advises that the notices were served on the Company by members together holding more than 5% of the Company's issued share capital.

The Company will prepare a Notice of Meeting for despatch to members in due course.

Yours faithfully

Shannon Coates

Company Secretary

About Vmoto

Vmoto is a global scooter manufacturing and distribution group and is listed on the Australian Securities 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.