Update on NOMAD and Broker Position

Monitise plc ("Monitise")

Update on NOMAD and Broker Position

Monitise hereby provides notification that, following the announcement by Piper Jaffray & Co. on 20 October 2010 that it is discontinuing its equities distribution operations in Europe, Piper Jaffray Ltd. has resigned as the Company's joint broker.

Evolution Securities continues to act as NOMAD and broker to the Company.

26 November 2010

ENQUIRIES:

Monitise Group Tel: 020 7947 4300

Tom Spurgeon

Finance Director & Company Secretary

Financial Dynamics Tel: 020 7831 3113

Juliet Clarke

Haya Herbert-Burns

Evolution Securities Limited Tel: 020 7071 4300

(NOMAD & Broker)

Bobbie Hilliam

Tim Redfern