Monitise Regulatory News (MONI)

Monitise plc

("Monitise" or the "Company")

Exercise of Warrants

LONDON - 10 June, 2014 - Monitise plc (LSE: MONI, "Monitise" or the "Company"), announces the following update regarding warrants held in the Company by Visa Europe.

On 6 March 2013, at the same time as announcing the Company's latest three-year €45 million minimum commercial contract with Visa Europe, Monitise announced that Visa Europe was granted two warrants for 6,000,000 and 43,000,000 ordinary shares of 1p each ("Ordinary Shares") at an exercise price of 1.00p and 36.25p per Ordinary Share respectively (the "Warrant Shares"), both exercisable until 4 August 2014. Visa Europe exercised the first warrant in respect of 6,000,000 Ordinary Shares in 2013, and has exercised the second warrant in respect of 43,000,000 Ordinary Shares today. Visa Europe has informed Monitise that it intends to sell the Warrant Shares in an accelerated book build.

The 43,000,000 new Ordinary Shares being issued pursuant to Visa Europe's warrant exercise today represent an increase of approximately 2.3% in the number of Monitise shares in issue. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company. Application has been made for the new Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission").

It is expected that Admission will become effective on 13 June 2014. Following Admission and based on the Company's current issued share capital, Monitise will have 1,887,406,580 Ordinary Shares in issue. Proceeds to the Company from today's exercise of the 43,000,000 warrants will be approximately £15.6 million. At the closing price on 9 June 2014 of 67.0p, the combined effect of the warrant exercise and the cash received by the Company would represent a net financial dilution to shareholders of approximately 1.0%.

Following today's exercise of warrants over 43,000,000 Ordinary Shares, Visa Europe holds 8.7% of the enlarged issued share capital of the Company. Following the proposed sale of the Warrant Shares Visa Europe's holding would be 115,750,000 Ordinary Shares, being the same number of shares Visa Europe owned before exercising the Warrant Shares and representing 6.1% of the enlarged issued share capital of the Company.

Nicolas Huss, CEO of Visa Europe said: "We are pleased to be continuing our long-standing relationship with Monitise through a multi-year collaboration, including representation on the Monitise Board."

Monitise plc Chief Executive Alastair Lukies said: "We are proud of the ongoing relationship we have with Visa at both a partner and investor level. We remain resolutely focused on executing against our strategy to unlock the commercial benefits that mobile technology delivers."

Notes to Editors:

Visa Europe and Visa Inc. are separate businesses and Monitise is a strategic partner with both companies. Visa Europe became independent of Visa Inc. in 2007 following a restructuring of Visa Group and subsequent IPO of Visa Inc. Monitise and Visa Inc. have been working together since 2009.

Monitise announced on 29 April 2014 that Tom Houghton has been appointed to the Company's Board as a Non-Executive Director. At Visa Europe, Tom heads the Core Payments division of the business.

Monitise's other strategic partner shareholders are Visa Inc. which owns 107,393,000 shares, representing 5.7% of the Company's enlarged issued share capital, and MasterCard which has not disclosed its shareholding.

About Monitise

Monitise (LSE: MONI) is a world leader in Mobile Money - banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks utilise Monitise's technology platforms and services to securely connect people with their money. 

Already 28 million consumers benefit from Monitise's patented technology to 'bank anywhere', 'pay anyone' and 'buy anything', accounting for $71bn of payments, purchases and transfers annually. More information is available at www.monitise.com.