AGM Statement

Mobile Streams plc
24 April 2006


24 April 2006


Annual General Meeting Announcement

Mobile Streams plc, ('Mobile Streams' or 'the Company'), the global mobile media
specialist, today holds its Annual General Meeting. At the meeting, to be held
at 11 am, chairman Roger Parry will make the following statement:

'I am pleased to report that the year to date has begun well. Following our
Initial Public Offering in London in February 2006, Mobile Streams has continued
to drive its international growth and pursue strategic acquisitions in the
mobile media market. We are also delighted to have made a number of important
appointments, which add considerable depth to our team.

Our very recent acquisition of Cyoshi Mobile, a leading European producer and
distributor of mobile media content, strengthens our position in the fast
growing mobile video sector of the market. Such a complementary acquisition will
accelerate Mobile Streams' global content strategy by adding a portfolio of
unique content, while boosting the Company's operator distribution footprint
across both continental and Eastern Europe.

The appointment of Mark Carleton to the Board in February reinforced our
partnership with Liberty Media Corporation ('Liberty') following our strategic
alliance with Liberty and TruePosition in January 2006, through which Liberty
acquired a 22% stake in Mobile Streams. Mobile Streams have now met with many of
the Liberty owned or affiliated companies and have been widely welcomed as a
partner with mobile media expertise.

In addition, Mobile Streams signed a multi-million dollar agreement to manage
and operate Connectid, the US mobile tracking business controlled by
TruePosition. Location enabled services are becoming more important as an
enabler of new and improved mobile services such as family locator and location
enabled content. Connectid has leveraged its expertise in the sector from its
TruePosition parent along with its Liberty support to identify and start to
implement a strong strategy to embrace this emerging opportunity.

We were also very pleased to announce the appointment of Chris Rovtar as Senior
Vice President, Business Development in March 2006. Mr. Rovtar, who has over 20
years experience in the media sector, will lead the development of Mobile
Streams' 'Vuesia' platform - a proprietary new technology that deploys and
manages all aspects of mobile content distribution, including; encoding to meet
varying carrier and handset specs, content delivery, reporting, billing and
digital rights management.

Trading across the Group remains very much on track and we are confident of
considerable further opportunities ahead. Since the listing we have launched new
business with Movistar in Chile and Alltel, the 5th largest operator in the US.
We believe we occupy a unique space in the mobile media market and intend to
develop both content and distribution opportunities internationally.'

Enquiries

Mobile Streams
Roger Parry, Chairman
Simon Buckingham, Chief Executive Officer           
Jitesh Sodha, Chief Financial Officer               [phone]

Brunswick Group LLP
Tim Burt / Laura Cummings                           [phone]


About Mobile Streams

Mobile Streams is a leading provider of music, comedy, sport and entertainment
content on mobile devices, supplied to mobile phone networks globally including
Vodafone and 3 in the UK, America Movil, Movistar & TIM in Latin America, Fido &
Rogers in Canada and Dobson in the US.

The Company creates, licenses and delivers quality content to Mobile Network
Operators (MNOs) and consumers in the form of ringtones, graphics, video clips
and other products. It has developed relationships with both content owners and
MNOs which enable it to act as an intermediary, providing an end-to-end service
encompassing a broad range of elements from content licensing to content
production, account management and channel management.

'Vuesia' is Mobile Streams' full service enterprise mobile media management
solution. 'Vuesia' facilitates content ingestion, management, delivery, billing
and reporting.

Mobile Streams has subsidiaries in the US, Argentina, Brazil, Mexico, Chile and
Colombia and has approximately 80 employees.

For more information please go to www.mobilestreams.com




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