Vipera Regulatory News (VIP)

For immediate release 22 March 2016

VIPERA PLC("Vipera" or the "Company") 

Mashreq Mobile Banking Application New Release

Vipera (AIM:VIP), the cutting edge provider of mobile financial services and digital customer engagement solutions, is pleased to announce an innovative new release of its retail mobile banking application for leading UAE banking group Mashreq.

Vipera's proprietary mobile platform, Motif, has been at the core of Mashreq's digital strategy, offering mobile banking and payment services in the UAE, Egypt and Qatar, since 2008, to more than 100,000 clients.

The latest release, as implemented at Mashreq called New Snapp, now boasts a stylish new user interface where the best in Italian design meets the best in mobile banking functionality, letting customers see their complete banking details at a glance with simple, clear and intuitive navigation. Snapp keeps everything safe with the most secure Touch ID user authentication.

Marco Casartelli, CEO of Vipera plc, commented: "We have been working with Mashreq since 2008, and we are excited to continue our relationship with Mashreq and deliver more innovative solutions together in the future."

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About Vipera:

Vipera Plc (AIM:VIP) a cutting edge Mobile Financial Services and Digital Customer Engagement Solutions provider, serves financial institutions worldwide with differentiated mobile banking, card management and customer engagement capabilities based around its proprietary bank grade multi-purpose platform, Motif. Additionally, it provides consultancy and other services to banks and financial institutions. For further information, please visit www.vipera.com

About Mashreq:

Mashreq has provided banking and financial services to millions of customers and businesses since 1967, is one of UAE's leading financial institutions with a growing retail presence in the region including Egypt, Qatar, Kuwait and Bahrain.

Mashreq is invariably among the highest performing banks in the Region. Its financial performance reflects on its commitment to continue leading the UAE banking industry.