Vipera Regulatory News (VIP)

For immediate release 1 August 2011

VIPERA PLC ("VIPERA" or "THE COMPANY")

Interim results for period ended 30 June 2011

Vipera, the specialist provider of mobile financial services, today announces its results for the period ended 30 June 2011. A copy of these can be found on the Company's website www.vipera.com

Financial Overview

·; Revenues in the first six months of 2011 have been 46% higher than the outturn for the whole of 2010

Operational Highlights

·; Mobile banking contract secured with major Thai retail bank

·; Contract secured with leading UK personal loan company

·; Continued uptake of Vipera's Motif suite of mobile financial services products with ongoing work for major financial services organisations in the Middle East.

·; Vipera's mobilisation services gaining further traction with government departments and organisations including Dubai police and Qatar's Ministry of Interior

·; Vipera customer and partner, Qatar National Bank was awarded "best e-service solution" at the QITCOM conference

Commenting on the results Marco Casartelli, Chief Executive of Vipera said

"The first six months of the year have seen significant progress for Vipera. We have further developed our Motif suite of mobile financial services products for financial service and government organisations. Through our partnerships with globally recognised technology companies we have successfully expanded our international presence into key geographic target markets, including Asia and the Far East, with revenues now being secured from these regions. Our pipeline for tenders remains strong allowing us to look forward with confidence".

Chairman's Statement

During the first six months of 2011, Vipera continued to build on progress made since listing and have enjoyed a 6 month period in which the Company has developed on a number of fronts. These will allow it to maintain its momentum in the Middle Eastern market, where it has established itself as the preferred partner of national banks and global technology businesses. Through its partnerships with leading technology companies that include Huawei, Siemens and Wipro Vipera is increasing its international footprint to secure contracts in an environment where there continues to be significant demand from organisations to be able to offer their customers mobile access to their services.

With heavy demand for Mobile banking and mobile payment systems and services service providers are becoming increasingly sophisticated and demanding ever more robust and expandable platforms. The significant investment in Vipera's Motif suite of mobile financial services products has ensured that the Company is able to go beyond traditional banking and corporate clients and offer a wider range of organisations, including government bodies and departments, mobilisation services that allow them to offer citizens government services on mobile platforms

We were pleased to report during the period that Vipera won a mobile banking contract with one of Thailand's leading retail banks. This was secured through our successful partnership with Thai official distributor and systems integrator T.N. Information Systems Ltd. The solution is based on Vipera Mobile Financial Services ("Vipera MFS"), a flexible and extensive mobile banking platform, that will allow the bank to offer its customers full access to their bank account details enabling them to make credit card and utility bill payments and to instantly transfer funds anywhere in the world.

We have also continued to support the evolution of our existing customers and we were pleased that in May, one of our customers/partners, Qatar National Bank won an award for best e-services solution with a Vipera product.

Financial Results

In the 6 months to 30 June 2011 the Company made a loss after taxation of £207,752 (2010 - loss £276,129) representing a loss per share of 0.16p (2010 - loss 0.24p per share). At the end of June 2011, cash balances amounted to some £825,000.

The company has used the strength of its balance sheet to invest in a significant increase in headcount and in sales and marketing. Revenues in the first six months of 2011 have been 46% higher than the outturn for the whole of 2010.

Outlook

The first half of 2011 is a validation of Vipera's core strategy to offer mobile financial services to corporations and governments in fast growing, developing countries of the world from the Middle East to Asia, while supporting our valuable clientele in Europe. Our pipeline for tenders remains strong and combined with increased geographic presence and a highly regarded suite of products means we look to the future with confidence.

John Defterios

Chairman

Consolidated Statement of Comprehensive Income

For the six months ended 30 June 2011

The comparative information for the interim period to 30 June 2010 given above relates to Vipera GmbH.

Consolidated Statement of Financial Position

30 June 2011

Company number 05383355

The comparative information at 30 June 2010 given above relates to Vipera GmbH.

Consolidated Statement of Changes in Equity

For the six months ended 30 June 2011

Attributable to equity shareholders of the Company

Group Cash Flow Statements

For the six months ended 30 June 2011

The comparative information for the interim period to 30 June 2010 given above relates to Vipera GmbH.

1 Basis of preparation

The financial information contained in this half year financial report does not constitute statutory accounts as defined in section 434 of the Companies Act 2006. The financial information for the half years ended 30 June 2011 and 30 June 2010 has been neither audited nor reviewed by the auditors. The figures and financial information for the period ended 31 December 2010 are extracted from the latest published audited financial statements of the Group and do not constitute the statutory financial statements for that period. The audited financial statements for the period ended 31 December 2010 have been filed with the Registrar of Companies. The report of the independent auditors on those financial statements contained no qualification or statement under section 498(2) or section 498(3) of the Companies Act 2006.

The financial information has been prepared in accordance with the recognition and measurement criteria of International Financial Reporting Standards (IFRS) as adopted by the European Union and IFRIC interpretations. The financial information has been prepared under the historical cost convention. The statutory financial statements are prepared in accordance with IFRSs as adopted by the European Union.

The Group has applied consistent accounting policies in preparing the interim financial statements for the six months ended 30 June 2011, the comparative information for the six months ended 30 June 2010, which relates to Vipera GmbH prior to the reverse acquisition of Ricmore Capital Plc, and the financial statements for the period ended 31 December 2010.

As permitted, the Company has chosen not to adopt IAS 34 "Interim Financial Statements" in preparing this interim financial information.

The directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing these half-yearly financial statements.

2 Total revenue

Total revenue comprises:

*Vipera GmbH

3 Loss per share

Basic loss per share has been calculated by dividing the loss on ordinary activities after taxation by the weighted average number of shares in issue during the year. None of the share based payments were potentially dilutive at the year end and so there is no difference between the basic and diluted loss per share.

*Vipera GmbH † re-stated for the effect of the reverse acquisition

4 Intangible assets

*Vipera GmbH

5 Share capital

Called up share capital

During the six months to 30 June 2011, warrants to subscribe for 276,471 new Ordinary shares of 1p each in the Company were exercised. As a consequence, there were, at 30 June 2011, 130,003,631 Ordinary shares of 1p each in the Company in issue.

Warrants and options

During the six months to 30 June 2011:

·; warrants to subscribe for 376,122 new Ordinary shares of 1p each in the Company lapsed;

·; options to subscribe for 2,100,000 new Ordinary shares of 1p each in the Company.

As at 30 June 2011, there were 5,444,219 warrants in issue and options to subscribe for 5,820,000 outstanding.