Mobilityone : Unaudited interim results for the six months ended 30 June 2016

Regulatory Story

Half-year Report

RNS Number : 0735L MobilityOne Limited 28 September 2016

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

("MobilityOne", the "Company" or the "Group")

28 September 2016

MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider with its main operations in Malaysia, announces its unaudited interim results for the six months ended 30 June 2016.

Highlights:

• Revenue grew by 7.26% to £33.59 million (H1 2015: £31.32 million) mainly contributed by growth in the Group's mobile phone prepaid airtime reload and bill payment business in Malaysia;

• Operating profit of £0.29 million (H1 2015: operating profit of £0.22 million);

• Profit after tax of £0.14 million (H1 2015: profit after tax of £0.11 million);

• The Group is acquiring 50% equity interest in Unique Change Sdn Bhd, which provides international remittance services from Malaysia, mainly to Nepal, Bangladesh and Indonesia; and

• The Board of MobilityOne expects the trading performance in the second half of 2016 to remain positive as the Group continues to explore new opportunities and to expand its e-payment solutions and services in Malaysia.

For further information, contact:

MobilityOne Limited +6 03 89963600

Dato' Hussian A. Rahman, CEO www.mobilityone.com.my har@mobilityone.com.my

Allenby Capital Limited (Nominated Adviser and Broker) +44 20 3328 5656 Nick Athanas /James Reeve

Newgate +44 20 7653

9850 Robyn McConnachie

About the Group:

MobilityOne provides e-commerce infrastructure payment solutions and platforms through its proprietary technology solutions, marketed under the brands MoCS and ABOSSE.

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 including EDC terminals, mobile devices, automated teller machines ("ATM") and internet banking.

The Group's technology platform is flexible, scalable and designed to facilitate cash, debit card and credit card transactions from multiple devices while controlling and monitoring the distribution of different products and services.

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

The revenue of the Group grew by 7.26% to £33.59 million in the first six months of 2016, which was mainly contributed by growth in the mobile phone prepaid airtime reload and bill payment business via the Group's existing banking channels (such as mobile banking, internet banking and ATMs) and payment terminal base in Malaysia. As a result of the increased revenue, the Group recorded an operating profit of £0.29 million (H1 2015: operating profit of £0.22 million) and the Group's profit after tax increased to £0.14 million in the first six months of 2016, as compared to a profit after tax of £0.11 million in the first six months of 2015.

The contribution from the Group's operations in the Philippines remained insignificant with a small revenue generated through the provision of an e-payment solution.

As at 30 June 2016, the Group had cash and cash equivalents of £2.57 million (30 June 2015: cash and cash equivalents of £1.71 million) and the secured loans and borrowings from financial institutions were £3.05 million (30 June 2015: £2.43 million).

The Board of MobilityOne expects the trading performance in the second half of 2016 to remain positive notwithstanding the current economic situation in Malaysia which may present challenging business conditions.

Besides the Group's mobile phone prepaid airtime reload and bill payment business via its existing business channels, the Group will continue to explore new opportunities to expand its e-payment solutions and services in Malaysia to capitalise on the efforts of the Malaysian central bank to encourage switching from paper-based payments to e-payments.

In view of the Group's past experience in the international remittance business, the Group is acquiring 50% of the issued and paid-up share capital of Unique Change Sdn Bhd ("Unique Change") for a nominal purchase consideration of RM10.00 (c. £1.87). Unique Change is incorporated in Malaysia and provides international remittance services from Malaysia, mainly to Bangladesh, Nepal and Indonesia. It currently holds a remittance business license issued by the Central Bank of Malaysia and has 6 outlets in Malaysia. The acquisition provides a good opportunity for the Group to partner with the existing shareholders of Unique Change to grow the business. In 2015, there were more than 2.1 million foreign workers in Malaysia, mainly from Indonesia (39.2%), Nepal (23.5%) and Bangladesh (13.2%) who have the need to send money back to their home countries. Full details on the acquisition have been announced today.

Abu Bakar bin Mohd Taib Chairman

28 September 2016