Monitise Regulatory News (MONI)

12 January 2011

Monitise plc welcomes Tim Wade to its Board

Monitise plc (LSE: MONI.L), the leading global Mobile Money solutions provider, is pleased to announce the appointment of Tim Wade to the Board as Non-Executive Director and Chairman of the Audit Committee with immediate effect.

Tim, a qualified lawyer and accountant, is currently an independent non-executive director of investment firm Resolution Limited and non-executive director of Macquarie Bank International Limited, where he chairs the Audit Committee, and Access Bank UK Limited, where he chairs the Credit Committee. He is also the Chief Executive Officer of Finance Pronto Limited, a company focused on loan processing technology.

Duncan McIntyre, Monitise Chairman, said:

"We are delighted to have Tim join our Board as we continue to expand our global business. His experience and understanding of retail and corporate banking and financial services around the world, key client sectors for Monitise, will significantly benefit the company as we pursue our international growth strategy."

Tim, aged 51, was formerly a Managing Director of AMP Limited. Between 1997 and 2000, he was Chief Financial Officer of Colonial Limited, where he was closely involved in the rationalisation of the life insurance industry in Australia, having previously held the role of Chief Taxation Counsel (1994-1997). From 1984 until 1994, Tim worked at Arthur Andersen in Melbourne and Singapore where he became a Partner in 1992.

The members of the Audit Committee now comprise Tim Wade (Chair), Colin Tucker and David Dey.

There are no further disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies in respect of the appointment.

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About Monitise

Monitise plc (LSE: MONI.L) is a global leader in Mobile Money solutions, with the proven technology and expertise to enable financial institutions and other service providers to offer a wide range of mobile banking and payments services to their customers in both developed and developing territories.

With live services in the UK and in the USA, where it is in partnership with FIS, the company is currently working with international partners to deliver similar safe, secure mobile banking and payment services in territories worldwide, including India and the Asia Pacific region. Current key partners include Visa, VocaLink, FIS, HSBC, Lloyds TSB, First Direct, Royal Bank of Scotland, NatWest, Travelex, US Bank, Ulster Bank, Standard Chartered Bank, Vodafone, Orange, O2, T-Mobile, 3 UK, Best Buy, The Carphone Warehouse and First Eastern.

For more information visit http://www.monitisegroup.com