TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

 Monitise Plc 
GB00B1YMRB82

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes 

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

n/a 

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

n/a 

An event changing the breakdown of voting rights

n/a 

Other (please specify):

n/a 

3. Full name of person(s) subject to the notification obligation:

 UBS Global Asset Management (Traditional Entities)

4. Full name of shareholder(s) (if different from 3.):

CCR Asset Management
UBS Global Asset Management (Americas) Inc.
UBS Global Asset Management (UK) Limited
UBS Global Asset Management Life Limited

5. Date of the transaction and date on which the threshold is crossed or reached:

 30 December 2009

6. Date on which issuer notified:

 04 January 2010

7. Threshold(s) that is/are crossed or reached:

 11%

8. Notified details:

A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

 GB00B1YMRB82

 32,384,673

 32,384,673

 45,612,277

 2.667,801

 42,944,476

 0.64%

 10.37%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/ 
Conversion 
Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise 
price

Expiration 
date

Exercise/
Conversion 
period

Number of voting 
rights instrument 
refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 45,612,277

 11.01%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Proxy Voting:

CCR Asset Management - 58,672 - 0.01%
UBS Global Asset Management (Americas) Inc - 4,078,678 - 0.98%
UBS Global Asset Management (UK) Limited 38,807,126 - 9.38%
UBS Global Asset Management Life Limited - 2,667,801 - 0.64%

10. Name of the proxy holder:

 UBS Global Asset Management on behalf of a number of clients

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

 Alexa Koenig/Brigitte Schwarz

15. Contact telephone number:

 +41 44 239 6299