International Expansion

MobilityOne Limited
14 April 2008


                            MobilityOne Limited

        International expansion into both Cambodia and Indonesia



Highlights

 • Secures First Contract in Cambodia
 • Expansion into Indonesia with Finnet Agreement
 • Appointed Third Party Acquirer by MEPS in Malaysia

MobilityOne Limited ('MobilityOne') is pleased to announce that its wholly-owned
subsidiary, MobilityOne Sdn Bhd ('MobilityOne Malaysia') has been appointed by 
Telekom Malaysia International(Cambodia) Co., Ltd ('TMIC'), one of the major 
telecommunications companies in Cambodia, as its technology partner to provide 
the e-voucher and credit transfer platform for its telecommunications
operations in Cambodia. Cambodia's mobile market grew at an annual rate of circa
35% in 2007. The current mobile penetration rate is only 15% with more than 1.5 
million mobile subscribers, of which more than 95% are prepaid users.

The contract represents MobilityOne's first entrance into the Cambodian market 
and a delivery on its stated strategy of expanding into new geographies. Under 
the terms of the deal, MobilityOne will be responsible for, inter-alia, the 
supply, delivery, installation, testing and commissioning of the system, and for
the system's maintenance and support.

In addition, MobilityOne Malaysia has incorporated a subsidiary, PT.MobilityOne 
Indonesia, in Jakarta, which has entered into a Memorandum of Understanding with
PT. Finnet Indonesia ('Finnet') to develop an electronic mobile wallet in 
Indonesia. Finnet is a transaction management company which focuses primarily on
switching and shared transactions settlement for all business entities,
especially financial institutions.

Separately, the Group is pleased to announce that it has been appointed as a 
third party acquirer ('TPA') for the e-debit scheme run by Malaysian Electronic 
Payment System ('MEPS'). MEPS is the sole operator of the national payment 
switch in Malaysia which links to the majority of banks for e-debit 
transactions. Prior to being granted the status, all e-debit transactions 
carried out on MobilityOne's terminals were conducted through a third party with
the TPA status, invoking additional commission charges.

Hussian A. Rahaman, Chief Executive Officer of MobilityOne, commented:

'Third party acquirer status with MEPS will not only add to the bottom line in 
terms of a lower commission charges as compared to the past but also provides us
with a greater flexibility for our business operations and direction.

'We are also delighted to have been awarded the contract with TMIC and the 
business partnership with Finnet. International expansion is a key part of our 
growth strategy as we look to take advantage of our technological competitive 
strengths.'

For further information, please contact:

MobilityOne                                              [phone]
Hussian A. Rahman, CEO                                   www.mobilityone.com.my
[e-mail]
Seah Boon Chin, Corporate Finance Director
[e-mail]

HB Corporate                                             [phone]
Luke Cairns                                              www.hbcorporate.co.uk

Threadneedle Communications                              [phone]
Graham Herring
Josh Royston

                                      Ends


About MobilityOne

MobilityOne is the holding company of an established group of companies
('Group') in the business of providing e-commerce infrastructure payment
solutions and platforms through their proprietary technology solutions, which
are marketed under the brands MoCSTM and ABOSSETM.

The Group has developed an end-to-end e-commerce solution which connects various
service providers across several industries such as banking, telecommunication
and transportation through multiple distribution devices such as EDC terminals,
short messaging services, Automated Teller Machine, and Internet banking.

The group's technology platform is flexible, scalable and has been designed to
facilitate cash, debit card and credit card transactions (according to the
device) from multiple devices while controlling and monitoring the distribution
of different products and services.

For more information, please refer to our website at www.mobilityone.com.my

About Finnet

Finnet is a transaction management company primarily focus on switching and
shared transactions settlement for all business entities, especially financial
institutions. It also provides commercial and legal framework that develops
network sharing between banks, utility companies, payers, card issuers,
collecting agents, merchants, as well as technical platform that works best for
all parties involved.

For more information, please refer to our website at www.finnet-indonesia.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange