Paul Hastings Advises Monitise plc on £22.8 million Placing

August 22, 2012

London, UK (August 22, 2012) - Paul Hastings LLP, a leading global law firm, announced today that it advised Monitise plc, a leading technology and services company delivering mobile banking, payments and commerce networks worldwide, on the placing of shares to raise gross proceeds of over £22.8 million through the issue of up to 81 million new shares 28.25 pence per share, which was announced on 22 August 2012.

Securities and Capital Markets partner and Chair of the London office, Ronan O'Sullivan led the Paul Hastings team, assisted by associates Matthew Poxon and George Weston.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.