Monitise plc ("Monitise" or the "Company"; LSE: MONI.L) announced at a General Meeting of the Company earlier today, the ordinary and special resolutions in connection with the Subscription for new ordinary shares were duly passed.  The meeting was convened following the announcement on 23 June 2008 that Monitise had entered into agreements with a number of investors to subscribe for in aggregate 78.6 million new ordinary shares in Monitise, at a price of 15p per share, representing a 36% premium to the closing price on 20 June, 2008.

The group of new investors comprises: Standard Chartered Bank, a subsidiary of Standard Chartered PLC ("Standard Chartered"), the FTSE 100 UK bank; a subsidiary of PCCW Limited ("PCCW"), the premier telecommunications provider in Hong Kong and a world-class player in information and communications technologies; and Lochside (International) Ltd ("Lochside"), an investment company associated with the Fleming family.  Existing investors, UBS Global Asset Management (UK) Ltd and Harris Associates L.P, are also participating in the subscription on the same terms.

It is expected that all of the pre-conditions to the completion of the Subscription will have been satisfied by 0800 on 14 July 2008 when it is expected that trading of the new shares on AIM will commence.  Pursuant to the Subscription, shares representing 23.6% of the Company's enlarged ordinary share capital will be issued. The number of Ordinary Shares in issue immediately following Admission will be 333,184,021.

Duncan McIntyre, Executive Chairman of Monitise said:

"We are pleased with the endorsement of the proposed subscription of new Ordinary Shares which will enable us to continue to drive the development of the business. The quality of investors we have attracted is testament to the quality and potential of our business."

Alastair Lukies, CEO of Monitise added:

"We are delighted with the outcome of the process and are looking forward to welcoming our new investors. Monitise has gained significant momentum and expanded into new geographies since listing in June 2007 and we look forward to working with our strategic investors in further developing new opportunities."