Mobilityone Regulatory News (MBO)

29 February 2012

MobilityOne Limited

("MobilityOne" or the "Company")

Directorate Change

The Board of MobilityOne announces that Kjetil Bohn will step down as a non-executive director of the Company with effect from 1 March 2012 in order to focus on his other business interests.

Dato' Hussian A. Rahman, the Company's CEO, said: "I would like to take this opportunity to thank Kjetil Bohn for his contribution to MobilityOne and wish him every future success."

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About MobilityOne:

MobilityOne is the holding company of an established group of companies in the business of providing e-commerce infrastructure payment solutions and platforms through their proprietary technology solutions, which are marketed under the brands MoCS and ABOSSE.

The Group has developed an end-to-end e-commerce solution which connects various service providers across several industries such as banking, telecommunication and transportation through multiple distribution devices such as electronic data capture ("EDC") terminals, mobile devices, automated teller machines ("ATM") and internet banking.

The Group's technology platform is flexible, scalable and has been designed to facilitate cash, debit card and credit card transactions from multiple devices while controlling and monitoring the distribution of different products and services.

For more information, please refer to our website at www.mobilityone.com.my