TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

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

Monitise plc

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

Yes

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

No

An event changing the breakdown of voting rights

No

Other (please specify):

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

First Eastern (Holdings) Limited

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

FE Venture Investments Limited

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

5 January 2010

6. Date on which issuer notified:

6 January 2010

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

11%

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary

0

0

38,461,538

38,461,538

0

8.2%

0%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date xiii

Exercise/ 
Conversion Period xiv

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

% of voting
rights

Warrant

01/04/2010

05/01/2010 to 01/04/2010

16,666,666

3.4%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

(1) Initial shareholding: 38,461,538

(2) If warrants also exercised: 55,128,204

(1) 8.2%

(2) 11.3% (of the then enlarged share capital)

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

Victor LL Chu controls the voting rights of First Eastern (Holdings) Limited.

FE Venture Investments Limited controls the voting rights attached to the shares described in section 8(A) above. FE Venture Investments Limited is a 51% owned subsidiary of First Eastern (Holdings) Limited.

First Eastern (Holdings) Limited will control the voting rights that may be acquired if the warrant described in section 8(B) above is exercised.

Proxy Voting:

10. Name of the proxy holder:

N/A

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

N/A

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

N/A

13. Additional information:

14. Contact name:

Richard Waller

15. Contact telephone number:

020 7947 4294