LONDON – Further to the reference in the preliminary results announcement released today, Monitise plc (LSE: MONI.L) (the “Company” or “Group”) is delighted to announce that Peter Ayliffe, who has served as a Non-Executive Director on the Board of Monitise since November 2011, has been appointed Non-Executive Chairman. Peter, aged 60, who has led Visa Europe as President and Chief Executive for seven and a half years, will assume his new duties on 1 October 2013, following his retirement from Visa Europe. He succeeds Duncan McIntyre, who is stepping down as Chairman, but will continue as a special advisor to the company.

At Visa Europe, Peter is responsible for Visa’s European business in 37 countries, accounting for about 30% of the worldwide expenditure on Visa cards. Peter has overseen the creation of a European owned and controlled Visa business and under his leadership, the number of transactions processed by the world-class European system has grown from 4.2 billion to 14 billion per annum.

Prior to Visa Europe, Peter spent more than 30 years in retail banking. He was a main Board Director at Lloyds TSB. During this time, Peter was a Non-executive Director on the Visa Europe Board and a Director on the Visa International Board. Peter has been on the Board of Investors In People (UK) and is currently President of the Chartered Management Institute and a Non-Executive Director of the UK’s third-largest building society, the Coventry.

In the view of the Board, Peter will provide expert and independent leadership for the Board.

Peter succeeds Duncan, who has provided guidance to Monitise since 2004. As Monitise’s founding Chairman he has overseen the Group’s establishment and growth to become the world’s largest independent Mobile Money business focused on mobile banking, payments and commerce in developed and emerging markets.

Commenting on Peter’s appointment, Monitise Group Chief Executive and Founder Alastair Lukies said: “I am honoured to announce Peter’s appointment as Chairman. Peter’s wealth of experience and insights will be invaluable in supporting us through the next phase of our growth.

I would also like to take this opportunity to thank Duncan for his selfless and constant support and guidance as we have built Monitise into the trusted and proven business it has become. He has been an outstanding Chairman, as the company has grown from start-up to a business that services more than 350 financial institutions and initiates payments and transfers across its platform technology worth more than $50 billion.”

Speaking about his new role, Peter said: “I am delighted to be joining Monitise as Chairman at such an exciting time in the evolution of the payments industry and the enormous opportunities that brings for Monitise. I look forward to using my experience in retail, banking and payments to help the Board chart the future success of Monitise in the digital age of banking, payments and commerce.

Duncan said: “It has been tremendously exciting being part of Monitise’s journey to becoming a leading global Mobile Money specialist. I am delighted to be able to hand over the chair to Peter, whose relevant and deep industry knowledge will be a great asset to Monitise. Peterhas been a highly valuable member of the Board and I am delighted that he has agreed to succeed me as Chairman and oversee the next chapter in Monitise’s journey.”

Monitise is also pleased to announce the appointment, effective today, of Victor William Dahir to the Board of Directors as Non-Executive Director of the Company. Victor replaces Ellen Richey, as the Visa Inc. appointed director, who steps down today having served for 11 months on the Monitise Board. Visa rotates its appointments to other companies’ boards from time to time.

Victor, aged 68, has more than 40 years of finance and accounting experience. He spent more than 20 years with Visa, including roles at both Visa International and Visa U.S.A and was also Chief Financial Officer of Inovant LLC, a subsidiary of Visa. Prior to joining Visa in 1984, he served as Senior Vice President and Chief Financial Officer of Redwood Bank in San Francisco for six years. A Director of MoneyGram International Inc. since May 2010, Victor is a licensed Certified Public Accountant in California.

Commenting on Victor’s appointment Ellen, Visa Inc.’s Chief Enterprise Risk Officer, said: “We are delighted that Victor has agreed to join the Monitise plc board. Vic knows the Visa business and payments landscape well and has over 40 years experience across a number of industries.”

“Monitise is a key partner to Visa. As a leader in the mobile payments space, Monitise is supporting Visa in developing and deploying mobile solutions that combine intuitive design and usability with Visa’s unique global scale, reliability and brand trust.”

About Monitise

Monitise (LSE: MONI) is a world leader in Mobile Money – banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks utilise Monitise’s technology platforms and services to securely connect people with their money.  Already 24 million consumers benefit from our patented technology to ‘bank anywhere’, ‘pay anyone’ and ‘buy anything’ accounting for $50 billion of payments, purchases and transfers annually.

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