Monitise Regulatory News (MONI)

13 January 2011

Monitise plc

Monitise Europe hits break even

Monitise plc (LSE:MONI.L), the leading global Mobile Money solutions provider, is pleased to announce that, at the close of the six month period ended December 31 2010:

- Monitise Europe reached month-on-month cash break-even, in line with guidance given at time of the full-year results for the year to end-June 2010.

- Monitise now has over 3 million registered customers for its live services.

- Customer adoption of its smartphone apps continues to be strong and to have a positive effect on usage.

- The Monitise Globe Platform continues to grow strongly and in December processed more than 13 million transactions.

Alastair Lukies, Chief Executive of Monitise plc, said:

"Momentum in Monitise and the broader Mobile Money space is accelerating at an aggressive pace as user numbers and transaction volumes continue to grow globally. It is particularly pleasing that the first of our deployed platforms has hit the key break-even milestone. Through our global partnerships with some of the world's leading organisations we are uniquely placed to enable connectivity between the billions of mobile phones and heavily regulated financial services platforms that are part of everyday life."

He added: "From a consumer position, people are in more control than ever before of their money and this is set to continue as new services are made available, particularly in shopping and payments."

The full financial performance for the first half of the year and a broader business update will be reported when Monitise's interim results are announced on 10 February.

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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