Interim Results

MobilityOne Limited
28 September 2007



                              MobilityOne Limited
                        ('MobilityOne' or the 'Company')
             Interim results for the six months ended 30 June 2007

MobilityOne (AIM : MBO), an e-commerce infrastructure payment solutions and
platform provider in Malaysia via its subsidiaries MobilityOne Sdn Bhd
('MobilityOne Malaysia') and Netoss Sdn Bhd ('Netoss') (collectively known as
'Group'), today announces its unaudited interim results for the six months ended
30 June 2007.

Highlights:

   • Revenue up 32% to £7.97 million (H1 2006 : £6.02 million)

   • Profit before taxation up 64% to £439k (H1 2006 : 268k)

   • Earnings per share up 64% to 0.54 pence (H1 2006 : 0.33 pence)

   • Total points of sale increased 13% to 3,400 (at 30 June 2006 : c3,000)

   • Transactions through the Group's proprietary technology platform up 46%
    to 3.12 million (H1 2006 : 2.14 million)

   • Successfully listing on AIM on 5 July 2007 raising £1.54 million

Hussian A. Rahman, Chief Executive Officer, commented:
'We are pleased to announce another period of growth with strong improvements in
revenues and profits, driven by an increase in the total number of points of
sale and the overall number of transactions. Further improvement can be achieved
as we look to increase the average revenue per EDC terminal, thereby improving
our operational efficiency.'

'As we continue to build on our existing technological competitive strengths and
expand our range of products and services we are confident of our future
prospects in both our existing markets and new geographies.'

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
Rachel Kane
Jim McGeever

Threadneedle Communications                           [phone]
Graham Herring                                    www.threadneedlepr.co.uk
Josh Royston


Chairman's statement

The first half of 2007 has been another period of growth for the Group with
further sales growth which has enabled us to strengthen our position as a
leading e-commerce infrastructure payment solutions and platform provider in
Malaysia. The Group provides products and services through multiple distribution
channels including EDC terminals, SMS, and via banks' Automated Teller Machines
and Internet banking.

The Group increased its total points of sale, in the form of EDC terminals, by
13% to more than 3,400 (30 June 2006 : c3,000), whilst the number of
transactions through the Group's proprietary technology platform increased by
46% to 3.12 million (30 June 2006 : 2.14 million)

During the period, MobilityOne Malaysia also entered into an agreement with
AmBank (M) Berhad for the Group to provide its range of products and services
via the bank's payment channels. This is in addition to similar agreements
entered into with other large-sized banks in Malaysia such as CIMB Bank Berhad
and RHB Bank Berhad.

The Group's strategy for growth remains focused on two principal areas. Firstly,
by expanding the range of products and services available on the Group's
technology platform and secondly by expanding the business into further
geographical markets. To this end, the period under review saw the introduction
of electronic ticketing for buses and events to its range of products and
services and we are currently exploring several new business opportunities in
countries such as Cambodia and Indonesia.

The Group has also continued to invest in research and development of its MoCSTM
and ABOSSETM solutions with the major focus being on improving our banking
channel connectivity. These new improvements will not only allow for better and
faster integration with banks, but will also enable more products and services,
such as electronic ticketing and bill payment, to be channeled directly via the
banks.

Financial performance

The Group's revenues for the six months ended 30 June 2007 were £7.97 million,
up 32% from the corresponding period in 2006 of £6.02 million. This was mainly
driven by the increase in transaction volumes which resulted from the Group's
efforts to increase its number of distribution points and also the encouraging
results from the transactions via the banks' payment channels.

In tandem with the revenue growth, the Group's operating profit increased by 62%
to £475k (H1 2006 : £293k), net profit after tax improved 65% to £439k (H1 2006
: £266k) and earnings per share increase by 64% to 0.54 pence (H1 2006 : 0.33
pence).

Current trading and outlook

The second half of the financial year has started well with revenue in line with
the management's expectation. The Board is confident of a successful second half
of the year as we continue to expand upon our range of products and services.
The technologies and services offered by the Group are expected to create
greater operational efficiencies and provide service providers with a wider
reach into the marketplace and we continue to explore a number of overseas
expansion opportunities.


YB Dato' Dr Wan Azmi Bin Ariffin
Chairman
28 September 2007


CONSOLIDATED INCOME STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2007

                                       Six months   Six months  Nine months
                                            ended        ended        ended
                                          30 June      30 June  31 December
                                             2007         2006         2006
                                        Unaudited    Unaudited      Audited
                                                £            £            £

Revenue                                 7,970,500    6,019,618    8,597,494

Cost of sales                          (6,869,622)  (5,197,304)  (7,267,468)

Gross profit                            1,100,878      822,314    1,330,026

Other operating income                        656          128       21,815
Administrative expenses                  (355,557)    (296,217)    (519,699)
Distribution costs                       (271,265)    (232,985)    (305,737)

Operating profit                          474,712      293,240      526,405
Finance costs                             (35,225)     (24,856)     (52,454)

Profit before taxation                    439,487      268,384      473,951
Taxation                                     (232)      (1,953)     (32,033)

Net profit for the financial period       439,255      266,431      441,918

Attributable to:
Equity holders                            439,255      266,431      441,918

Earnings per share attributable to
equity holders of the Group (pence):
Basic                                        0.54         0.33         0.54
Diluted                                      0.54         0.33         0.54

Note:
A group reorganization took place on 22 June 2007. The financial information for
the current and comparative periods has been presented as if MobilityOne had
been the parent company of the group throughout (see Notes 1 and 2).

CONSOLIDATED BALANCE SHEETS
AS AT 30 JUNE 2007

                                                 At           At            At
                                            30 June      30 June   31 December
                                               2007         2006          2006
                                          Unaudited    Unaudited       Audited
                                                  £            £             £

Assets
Non-current assets
   Property, plant and equipment            898,599    1,114,079       940,148
   Prepaid lease payment                    161,345       72,588       162,967
   Development costs                        263,228      141,029       195,861
   Other intangible assets                  984,885    1,020,491       986,129

                                          2,308,057    2,348,187     2,285,105

Current assets
   Inventories                              749,527      413,108       646,062
   Trade receivables                        920,049      138,660       726,172
   Other receivables                        236,188      206,220       139,805
   Cash and bank balances                   776,870      312,430       868,167

                                          2,682,634    1,070,418     2,380,206

Total assets                              4,990,691    3,418,605     4,665,311

Liabilities
Current liabilities
   Trade payables                           342,923      141,823       384,991
   Other payables                           326,174      211,891       256,473
   Amount owing to a director                     -            -       144,625
   Bank borrowings                          529,122            -       500,865
   Current taxation                             229            -             -

                                          1,198,448      353,714     1,286,954

Non-current liabilities
   Redeemable cumulative convertible
   preference shares                              -      299,329       289,250
   Deferred taxation                              -        1,987         2,829
   Bank borrowings                          140,629            -       152,608

                                            140,629      301,316       444,687

Total liabilities                         1,339,077      655,030     1,731,641

Shareholders' equity
   Share capital                          2,040,930    2,040,930     2,040,930
   Other reserve                            709,009       38,634       (18,252)
   Translation reserve                     (177,021)     (92,548)     (167,354)
   Retained earnings                      1,078,696      776,559     1,078,346

Total shareholders' equity                3,651,614    2,763,575     2,933,670

Total shareholders' equity and            
liabilities                               4,990,691    3,418,605     4,665,311


Note:
A group reorganization took place on 22 June 2007. The financial information for
the current and comparative periods has been presented as if MobilityOne had
been the parent company of the group throughout (see Notes 1 and 2).

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 JUNE 2007

                                              Attributable to the equity
                                                 holders of the Group
                                  Non-Distributable             Distributable
                                Share      Other      Translation      Retained
                              Capital    Reserve          Reserve      Earnings        Total
                                    £          £                £             £            £

At 1 January 2007           2,040,930    (18,252)        (167,354)    1,078,346    2,933,670
Capitalised as bonus issue
 in subsidiary company              -    438,905                -      (438,905)           -
Conversion of redeemable
 cumulative convertible 
 preference shares in
 subsidiary company                 -    293,044                -             -      293,044
Listing expenses                    -     (4,688)               -             -       (4,688)
Foreign currency                    
 translation difference             -          -           (9,667)            -       (9,667)
Net profit for the                  
financial period                    -          -                -       439,255      439,255

At 30 June 2007             2,040,930    709,009         (177,021)    1,078,696    3,651,614

At 1 January 2006           2,040,930     38,634          (22,212)      510,128    2,567,480
Foreign currency                    
 translation difference             -          -          (70,336)            -      (70,336)
Net profit for the                  
 financial period                   -          -                -       266,431      266,431


At 30 June 2006             2,040,930     38,634          (92,548)      776,559    2,763,575
Foreign currency                    
 translation difference             -          -          (74,806)            -      (74,806)
Listing expenses                    -    (56,886)               -             -      (56,886)
Net profit for the                  
 financial period                   -          -                -       301,787      301,787

At 31 December 2006         2,040,930    (18,252)        (167,354)    1,078,346    2,933,670


Note:
A group reorganization took place on 22 June 2007. The financial information for
the current and comparative periods has been presented as if MobilityOne had
been the parent company of the group throughout (see Notes 1 and 2).

CONSOLIDATED CASH FLOW STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2007

                                         Six months   Six months   Nine months
                                              ended        ended         ended
                                            30 June      30 June   31 December
                                               2007         2006          2006
                                          Unaudited    Unaudited       Audited
                                                  £            £             £

Cash flows from operating activities

Profit before taxation                      439,487      268,384       473,951

Adjustments for :-

Depreciation of property, plant and          
 equipment                                   62,618       64,585        96,254
Amortisation of prepaid lease rental          1,417          373         1,263
Interest expenses                            35,225       24,856        52,454
Interest income                                (500)         (42)         (343)

Operating profit before working             
 capital changes                            538,247      358,156       623,579

Increase in inventories                    (104,281)    (119,312)     (152,553)
(Increase)/decrease in receivables         (294,178)     394,752      (648,812)
(Decrease)/increase in payables            (120,763)     145,972       372,489

Cash generated from operating                
 activities                                  19,025      779,568       194,703
Interest paid                               (35,225)     (24,856)      (52,454)
Tax (paid)/refunded                          (2,826)          60       (31,124)
Interest received                               500           42           343

Net cash (used in)/ from operating          
 activities                                 (18,526)     754,814       111,468

Cash flows from investing activities
Purchase of property, plant and             
 equipment                                  (22,258)    (436,935)      (35,157)
Prepaid lease payment                             -      (72,962)            -
Development costs                           (67,615)     (63,796)      (87,831)

Net cash used in investing activities       (89,873)    (573,693)     (122,988)

Cash flows from financing activities
Drawdown of term loan                        17,102            -       653,473

Net cash from financing activities           17,102            -       653,473

Net (decrease)/increase in cash and         
 cash equivalents                           (91,297)     181,121       641,953
Cash and cash equivalents at beginning
 of financial period                        868,167      131,309       226,214

Cash and cash equivalents at end of
 financial period                           776,870      312,430       868,167

Cash and cash equivalents at end of
 financial period comprises:
Cash and bank balances                      776,870      312,430       868,167


Note:
A group reorganization took place on 22 June 2007. The financial information for
the current and comparative periods has been presented as if MobilityOne had
been the parent company of the group throughout (see Notes 1 and 2).


NOTES TO THE INTERIM FINANCIAL STATEMENTS

1. Basis of preparation

The Group's interim financial statements for the six months ended 30 June 2007
were authorized for issue by the Board of Directors on 28 September 2007.

The interims financial statements are unaudited and have been presented in
accordance with International Financial Reporting Standards ('IFRS') as adopted
by the European Union. The interim financial statements do not constitute full
statutory accounts within the meaning of Article 104 Companies (Jersey) Law
1991.
The financial information contained in the interim financial statements for the
six months ended 30 June 2007 and 30 June 2006 is unaudited. The comparative
figures for the nine month period ended 31 December 2006 have been extracted
from MobilityOne Malaysia's audited consolidated financial statements.

Full details of the accounting policies adopted which are consistent with those
disclosed in the Company's AIM Admission Document will be included in the
financial statements for the year ending 31 December 2007.

The acquisition by MobilityOne of the entire issued share capital of MobilityOne
Malaysia was pursuant to a share swap agreement whereby the shareholders of
MobilityOne were the same as those of MobilityOne Malaysia prior to the
transaction and therefore falls outside the scope of IFRS 3. The transaction has
therefore been accounted for as a group reorganisation rather than a business
combination. Further information is provided in Note 2 to the interim financial
statements.

2. Changes in the structure of the Group

As explained in Note 1 to the interim financial statements, the acquisition by
MobilityOne of the entire issued share capital of MobilityOne Malaysia has been
accounted for as a group reorganisation rather than a business combination.
Consequently, the previously recognised book values for assets and liabilities
have been retained and the consolidated financial statements have been presented
as if MobilityOne had always been the parent company of the Group.

The share capital for the period covered by the interim financial statements and
the comparative periods is stated at the nominal value of the shares issued
pursuant to the share swap agreement dated 22 June 2007. Any differences between
the nominal value of these shares and previously reported nominal values of
shares and applicable share premium issued by MobilityOne Malaysia has been
transferred to 'other reserves'. The effect on the Group of the changes in the
issued share capital of MobilityOne Malaysia during the period are reflected as
movements in other reserves.


3. Functional and presentation currency

Items included in the financial statements of each of the Group's entities are
measured using the currency of the primary economic environment in which the
entity operates ('functional currency'). The functional currency of the Group is
Ringgit Malaysia ('RM'). The consolidated financial information is presented in
Great Britain Pounds Sterling ('£'), which is the Group's presentational
currency as this is the currency used in the country in which the entity is
listed.

Assets and liabilities are translated into £ at foreign exchange rates ruling at
the balance sheet date. Results and cash flows are translated into £ using
average rates of exchange for the period.

The highlighted financial information has been translated using the exchange
rate as follows:

                                              Exchange rate (RM : £)

                                             At balance   Average
Period ended                                 sheet date  for period
30 June 2006                                    6.68        6.59
31 December 2006                                6.90        6.85
30 June 2007                                    6.92        6.82

4. Segmental reporting

For management reporting purposes, the Group's activities are treated as a
single class of business, all arising from goods and services provided in the
Far East. Accordingly, no segmental analysis of revenues, profits, assets and
liabilities is available for presentation.

5. Taxation

The charge for income tax expense included in the interim financial statements
is based on the unaudited results for the six months ended 30 June 2007 and is
calculated at the expected rate applicable to the Group for the full year ending
31 December 2007.

MobilityOne Malaysia has been awarded a MSC status by Multimedia Development
Corporate Sdn Bhd and is entitled to tax-free incentives in Malaysia until 2015.
However, an insignificant amount of tax is provided for Netoss as it is subject
to the Malaysian taxation.

6. Earnings per share

Earnings per share is calculated by dividing the profit attributable to equity
shareholders in the six month period ended 30 June 2007 of £439,255 (30 June
2006 : £266,431; 31 December 2006 : £441,918 ) by the number of shares in issue
at 30 June 2007 81,637,204. As explained in Note 2, the share capital for the
current and comparative periods has been stated as the number of shares issued
pursuant to the share swap agreement dated 22 June 2007.

7. Material events subsequent to the end of the first half year
Subsequent to the end of the period under review, MobilityOne placed 12.3
million ordinary shares at 12.5 pence per ordinary share ('Placing Shares')
raising approximately £1.54 million before expenses which will be utilised
mainly for the Group's overseas expansion, working capital and capital
expanditure. The Placing Shares and the existing ordinary shares of MobilityOne
were subsequently admitted to AIM on 5 July 2007.

                                     -Ends-




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