AGM Statement

Bango PLC 08 August 2007 BANGO PLC ('Bango' or the 'Company') AGM Statement August 8th, 2007 - Bango will hold its Annual General Meeting in London today, at which Ray Anderson, CEO of Bango will make the following statement in relation to the performance of the business: 'Trading in the first few months of the year has progressed well. End-user spend in the UK for the first quarter of this financial year was 52% higher than for the comparable quarter last year. Although starting from a lower base, end-user spend in North America increased more than fourfold comparing the same quarters. These increases clearly demonstrate that Bango is well positioned to take full advantage of the growth in financial transaction volumes on the mobile web. On a global basis there are signs that suggest the use of the mobile web is moving towards the mainstream. For example, the recent level of activity and focus on this area by Yahoo and Google is encouraging and is significantly increasing the awareness of the mobile web. In addition, mobile operators are starting to simplify and reduce the costs of mobile internet access, thereby establishing a good basis for widespread adoption of mobile web usage.' The sign-up of content providers has progressed as planned. Our new Bango Starter package, which enables businesses or individuals to sample the Bango service for free and then upgrade to a fuller service has gained more than 1,000 sign-ups in the past three months. Whilst it is early days we believe that this is an important step in attracting greater numbers of content providers to Bango. This is because it facilitates the volumes associated with start-up content businesses and also scales with the content providers' needs as business grows.' We have continued to reduce operating expenses by increasing automation and centralization. A new end user self-care PC website was launched at www.bango.net on 1st August 2007. This augments Bango's end user support tools on the mobile phone to further reduce the need for human attention by Bango employees.' Our market leading technology, robust platform, geographic spread and relationships with industry leaders such as Yahoo, Google and PayPal support our belief that Bango is uniquely well positioned to benefit from the continued growth in the mobile web.' For further information: Bango plc ICIS Limited Panmure Gordon & Co Tel. +44 1223 472777 Tel. +44 20 7651 8688 Tel. +44 20 7459 3600 Ray Anderson, CEO Tom Moriarty Aubrey Powell Peter Saxton, CFO Caroline Evans-Jones Stuart Gledhill About Bango In order to make the mobile web simple for everyone, Bango has developed and delivers its technology as a global exchange for the mobile web. By providing a common integration point for brands, businesses and individuals, Bango removes the complexities that make the mobile web difficult to exploit. Through Bango's global exchange, content providers see all users as a unified global community. Users easily discover and access the widest range of content and the world's leading mobile operator's partner with Bango to give their subscribers the widest choice. Billing providers, search engines and advertisers are automatically connected to content providers in Bango's global exchange. Bango has offices in USA, UK, Spain and Germany and is quoted on the London Stock Exchange (AIM:BGO). Learn more at www.bango.com This information is provided by RNS The company news service from the London Stock Exchange

Companies

Bango (BGO)
UK 100

Latest directors dealings