Monitise plc ("Monitise"), the global leader in the provision of mobile banking and payments services, is pleased to announce the completion of the Software License Agreement with Monitise Americas LLC (Monitise Americas), a joint venture company between Monitise and Metavante Corporation (“Metavante”), the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI). The license allows the use of Monitise’s mobile banking and payments software to create a mobile banking and payments ecosystem for the United States and Canada.



In accordance with the memorandum of understanding agreed with Metavante in March 2007, the license has been granted to Monitise Americas with an ongoing annual licence fee of US$1.5m. In addition, royalties measured against volume thresholds will be payable up to a maximum of US$20m (inclusive of license fees and royalties). Following this, royalty fees cease but the US$1.5m annual license fee obligation continues. The license commences on 1st October and a fee of US$375k is now payable for the final quarter of 2007, with the first full annual license fee due in January 2008.



Commenting on today’s announcement, Alastair Lukies, chief executive of Monitise plc said:



“The announcement today demonstrates the progress that we are continuing to make and the appeal of our technology in international markets. Monitise Americas is already well advanced in terms of the delivery of mass-market mobile banking and payments technology to financial institutions in the United States and we look forward to launching services later this year.”



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About Monitise plc



Monitise plc (MONI.L) is a specialist in mobile banking and payments technology. It has developed the world's first mobile banking ecosystem, which allows consumers to perform banking and payment transactions using a single consistent interface regardless of their choice of mobile operator or bank.



With live services in the UK, where it has delivered the MONILINK network in partnership with VocaLink, the company is currently working with international partners to deliver similar safe, secure mobile banking services in territories worldwide. Current key partners include VocaLink Interchange Network, Metavante, BT Global Services, T-Systems, HSBC, first direct, Alliance & Leicester, Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and Hutchison 3G.



Monitise was recognised as a 'Technology Pioneer'by the World Economic Forum in 2006; 'Mobile Innovation of the Year' by The Banker Magazine in 2007 and; awarded the Innovation in Messaging award 2007 by the Mobile Messaging Association.



www.monitise.com




About Metavante



Metavante Corporation delivers banking and payments technologies to over 8,600 financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, electronic presentment and payment, and business transformation services. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE: MI). On April 3, 2007, Marshall & Ilsley Corporation announced its plans to split Metavante Corporation and Marshall & Ilsley Corporation into independent publicly traded companies.




About Monitise Americas



Monitise Americas is a joint venture between Monitise plc (MONI.L), a specialist in mobile banking technology, and Metavante Corporation, a leading provider of banking and payments technologies to financial institutions and businesses worldwide. Monitise Americas provides mobile banking and payments services to North American financial institutions predicated on an 'ecosystem' principle, which allows multiple mobile operators and financial institutions to deliver services over a single platform.



www.monitiseamericas.com



Ben Evetts

Monitise plc

+44 (0)20 7868 5106

ben.evetts@monitise.com