Exercise of Warrants

4 April 2012



Monitise plc

("Monitise" or the "Company")

Exercise of Warrants

The Company today announces that warrants to subscribe for 2,245,025 new ordinary shares of 1p each in the Company ("Ordinary Shares") have been exercised at a price of 13.5 pence per Ordinary Share. 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 11 April 2012.

Following Admission and based on the Company's current issued share capital, Monitise will have 811,150,616 Ordinary Shares in issue.

Contacts:

Monitise Group Tel: 020 7947 4300

Tom Spurgeon, Company Secretary

Haya Herbert-Burns, Investor Relations

Canaccord Genuity Limited Tel: 020 7523 8000

Simon Bridges

Cameron Duncan

FTI Consulting Tel: 020 7831 3113

Charles Palmer

Jon Snowball