Monitise Regulatory News (MONI)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, JAPAN, THE REPUBLIC OF IRELAND OR SOUTH AFRICA, OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL

28 August 2012

Monitise plc

Completion of Placing

Pursuant to the announcement released on 24 August 2012, Monitise plc (LSE: MONI.L, "Monitise" or the "Company"), the technology and services company delivering mobile banking, payments and commerce networks worldwide, is pleased to announce that it has successfully placed 28,110,000 shares at a price of 28.25 pence (the "Placing") with certain institutional investors. Further details of the Placing are set out in the announcement released on 24 August 2012. Application has been made for the Placing Shares to be admitted to trading on AIM and it is expected that admission will take place at 8.00 a.m. on 31 August 2012 ("Admission"). 

Canaccord Genuity Limited ("Canaccord") acted as Nominated Adviser and sole broker with respect to the Placing.

Following Admission, it is expected that Monitise will have 1,138,545,555 Ordinary Shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

Contacts:

Monitise Group Executive Team

Duncan McIntyre, Chairman

Alastair Lukies, CEO

John Brougham, CFO

Canaccord Genuity Limited Tel: +44 (0) 20 7523 8000

Simon Bridges

Cameron Duncan

FTI Consulting Tel: +44 (0) 20 7831 3113

Charles Palmer

Jon Snowball

Canaccord which is authorised and regulated in the United Kingdom by the Financial Services Authority (the "FSA"), is acting as Nominated Adviser and broker to the Company for the purposes of the AIM Rules for Companies and the AIM Rules for Nominated Advisers in connection with the Placing and admission and is not acting for, and will not be responsible to, any person other than the Company for providing the protections afforded to customers of Canaccord or for advising any other person on any transaction or arrangement referred to in this announcement.

Canaccord which is authorised and regulated in the United Kingdom by the FSA, is acting exclusively as financial adviser to and broker to Monitise and for no one else in connection with the Placing and is not advising any other person or treating any other person as its customer in relation to or in connection with the Placing and is not advising any other person or treating any other person as its customer in relation to the matters referred to in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Canaccord or for providing advice in relation to the Placing or any matter referred to in this announcement.

The distribution of this announcement and/or issue of Placing shares pursuant to the Placing or otherwise in certain jurisdictions outside the United Kingdom may be restricted by law. Persons who seek to participate in the Placing must inform themselves about and observe any such restrictions. In particular, this announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for Placing shares in the United States, Canada, Australia, Japan, South Africa, New Zealand or the Republic of Ireland or any other jurisdiction in which such offer or solicitation, publication or distribution is or would be unlawful.