Update

Mobile Streams plc

("Mobile Streams" or the "Company")

Update

Mobile Streams (AIM:MOS), notices the recent share price movement this morning following the announcement of the Bharat Sanchar Nigam Limited (BSNL) agreement.

The Directors would like to clarify that whilst this agreement is in line with the stated strategy of growing the subscriber base through partnerships with mobile operators such as BSNL, there can be no certainty that this agreement will have an immediate material impact on the revenues of the Company.

Enquires:

Mobile Streams +1 347 669 9068

Simon Buckingham, Chief Executive Officer

Enrique Benasso, Chief Financial Officer

N+1 Singer (Nominated Adviser and Broker) +44 (0)20 7496 3000

Mark Taylor

George Tzimas