Interim Results

Messaging International Plc
29 September 2005



                           MESSAGING INTERNATIONAL PLC

                                INTERIM RESULTS
                        FOR THE 6 MONTHS TO 30 JUNE 2005

Messaging International Plc ('the Company'), the provider of innovative
messaging services, announces its results for the six months ended 30 June 2005.

OVERVIEW

   • Successfully raised £1.5 million and listed on AIM on 3 August 2005
   • Acquired TeleMessage Ltd, a company that provides cross-platform media
     messaging management systems and applications
   • Agreements signed with a number of wireless operators and
     interoperability providers in the USA and Canada
   • Actively developing relationships with mobile operators and enterprises
     in North America, Europe, the Far East and South America and trials ongoing
   • Currently in advance negotiations with two major USA mobile operators.

CHAIRMAN'S STATEMENT

I am pleased to make my first report to shareholders following the Company's
acquisition of TeleMessage Ltd, its successful fundraising and its admission to
AIM on 3 August 2005.

The Company was incorporated on 12 August 2004 as RTI 18 Plc and on 20 July 2005
it acquired the entire share capital of TeleMessage Ltd on a share for share
exchange. As a result of the acquisition, the Company changed its name to
Messaging International Plc. The results therefore, to 30 June 2005, covered a
period when the Company did not trade.

The Company's current cash reserves are healthy following the raising of £1.5
million at the time of the acquisition through the issue of 30 million new
ordinary shares at 5p per share. With one warrant granted for every three shares
issued there are now 50 million warrants and 115.38 million ordinary shares of
0.5p in issue.

It is the Company's objective to be a leading provider in the rapidly growing
multimedia messaging market. The acquisition of TeleMessage Ltd represents the
first step towards achieving this goal. Incorporated in Israel, TeleMessage Ltd
has developed a cross-platform media messaging management system designed to
enable PC, browser, mobile phone and wireline telephone users to send, receive
and manage voice messages, email, SMS, IM and MMS across various media
platforms. The Directors believe that one of the attractive features of the
technology and products resides in their ability to harmonise various media
platforms to act as a seamless messaging network across many technologies.

Users of the package include service providers (wireline and wireless
telecommunications companies, ISPs and portals), business and technology OEMs,
products and services that are designed to utilise the emerging interactive and
cross-platform messaging market.

The major product currently being sold into the market in North America is 'SMS
to Landline' which enables a mobile originated SMS to be sent to any telephone
number, either fixed or mobile. A number of wireless operators have launched
this product to their customers and the Company is in negotiation with further
high profile USA mobile operators. Additionally, the Company now has agreements
with the major USA and Canadian interoperability providers.
The Company has also been active in developing relationships with mobile
operators in Europe, the Far East and South America, who have shown interest in
launching TeleMessage's other key product, the Mail Plug-in, to their customers.
The Mail Plug-in enables SMS, MMS, voice and fax messages to be sent from
popular email software. Trials with leading telecom companies are ongoing.

Furthermore, Rogers Wireless, the largest wireless provider in Canada, continues
to market and promote the 'Txt 2 Landline' and 'Txt a Song' applications with a
new in-store brochure that educates customers on the needs and usages of text
messaging along with short-cuts and additional products. We also hope to update
the market in the near future on the progress of advanced negotiations we are
holding with two other major USA mobile operators.

Your directors are optimistic that the acquisition will provide a good base for
substantial future growth. With our strong internationally experienced board and
exciting propositions, we look forward to the future with confidence.

Horacio Furman
Chairman
29 September 2005


Contacts:
Guy Levit           Messaging International Plc       Tel: [phone]
Isabel Crossley     St Brides Media & Finance Ltd     Tel: [phone]
Liam O'Donoghue     Seymour Pierce Ltd                Tel: [phone]


                          MESSAGING INTERNATIONAL PLC

                            INTERIM FINANCIAL REPORT
                        FOR THE 6 MONTHS TO 30 JUNE 2005


1.PROFIT AND LOSS ACCOUNT

The Company has dispensed with preparing a profit and loss account for the six
month period to 30 June 2005 as there has been no financial activity giving rise
to a profit or loss in the period.

2.BALANCE SHEET

The balance sheet as at 30 June 2005 is as shown in note 6 column (a).

3.CASH FLOW STATEMENT

The Company has not prepared a Cash Flow Statement for the six month period to
30 June 2005.

The only monetary transaction in the period was a receipt of £74,998
representing the amount outstanding in respect of share capital.

4.SHARE CAPITAL

On 24 May 2005, the authorised share capital of the Company was increased from
£1,000,000 to £4,000,000 by the creation of 3,000,000 ordinary shares of £1
each. Each share, (issued and unissued) was divided into 200 ordinary shares of
0.5p per share.

5.POST BALANCE SHEET EVENTS

On 20 July 2005 the Company acquired the entire share capital of TeleMessage Ltd
in return for the issue of 65,380,000 ordinary shares of 0.5p in the Company at
a price of 5p per share credited as fully paid together with 25,000,000 warrants
to purchase ordinary shares of 0.5p at 5p per share.

Deferred consideration is also payable dependent on the level of profits of
TeleMessage Ltd for the period from 1 July 2005 to 31 July 2007 up to a maximum
of a further 90,000,000 new ordinary shares of 0.5p each.

The Company raised just under £1,175,000 (net of expenses and excluding VAT) by
way of a placing of 30,000,000 ordinary shares and 10,000,000 warrants at a
price of 5p per placing share following which the Company was admitted to
trading on AIM on 3 August 2005.

6.PRO FORMA STATEMENT OF THE GROUP'S NET ASSETS
AS ADJUSTED FOR THE SUBSEQUENT SHARE ACQUISITION AND PLACING

The following unaudited pro forma statement of net assets of the Group following
the acquisition of the Subsidiary and the Placing has been prepared for
illustrative purposes only and is based on the AIM Admission Document dated 27
July 2005 to provide information about the impact of the acquisition of the
Subsidiary and the Placing on the Group. It has been prepared on the basis that
the acquisition of the Subsidiary and the Placing were undertaken as at 31
December 2004 and on the basis set out in the notes below:


                                        Adjustments
                         ------------------------------------------
              The        TeleMessage  Capitalisation Placing          Pro form
              Company as Ltd as at 31 of convertible proceeds and net asset
              at 30 June December     loans (note c) acquisition of   of the
              2005 (note 2004 (note                  TeleMessage Ltd  Group
              a)         b)                          (note d)
                     £            £              £               £           £
Non current
assets               -      106,463              -       7,718,713   7,825,176
Current
assets
Cash           100,000       73,443              -       1,175,000   1,348,443
Other current
assets               -       68,924              -               -      68,924
               100,000      142,367              -       1,175,000   1,417,367
Total          100,000      248,830              -       8,893,713   9,242,543
assets

Current
liabilities
Convertible
loans                -     (390,136)       390,136               -
Other current
liabilities          -     (109,548)             -               -    (109,548)
                     -     (499,684)       390,136               -    (109,548)
Non-Current
liabilities
Convertible
loans                -   (1,560,001)     1,560,001               -
Other
non-current
liabilities          -      (88,995)             -               -     (88,995)
                     -   (1,648,996)     1,560,001               -     (88,995)
Total
liabilities          -   (2,148,680)     1,950,137               -    (198,543)

Net assets
(liabilities)  100,000   (1,899,850)     1,950,137       8,893,713   9,044,000

Notes:
The unaudited pro forma statement of net assets has been prepared on the
following basis:

a.The net assets of the Company are as stated as at 30 June
2005.

Adjustments:

The financial position of TeleMessage Ltd and its subsidiary which have been
included in the above statement have been extracted from their audited financial
statements originally expressed in US Dollars as at the 31 December 2004. The
amounts have been converted into pounds Sterling at the

b.   Prior to completion of the acquisition of TeleMessage Ltd., the convertible 
     loans in TeleMessage Ltd.'s balance sheet were converted into Series C 
     Preferred Shares in TeleMessage Ltd and subsequently on the 21 July 2005 
     these shares were converted into ordinary shares. The adjustment is based 
     on the amount outstanding at 31 December 2004 although the actual amount
     converted is likely to be different.

c.   This adjustment represents the gross proceeds of the Placing of £1.5m less 
     estimated expenses of £325,000 and the acquisition of TeleMessage Ltd. 
     Goodwill arising on the acquisition has been capitalised and is calculated 
     as follows:

                                                             £
     Cost of acquisition                                     7,769,000
     TeleMessage Ltd.'s net liabilities at 31 December 2004  1,899,850
     Convertiable loans capitalised                         (1,950,137)

     Pro forma goodwill                                      7,718,713

     a)   The cost of the acquisition is based on the initial consideration of
          65,380,000 ordinary shares of 0.5p each of the company plus the 
          maximum amount of the deferred consideration of 90,000,000 ordinary 
          shares of 0.5p each of the Company multiplied by the Issue Price of 
          5p.
          
     b)   TeleMessage Ltd.'s net liabilities at 31 December 2004 have been
          adjusted for the conversion of the convertible loan stock into Series 
          C Preferred Shares in TeleMessage Ltd. which occurred prior to 
          completion of the acquisition.
          
     c)   No adjustments have been made to reflect any fair value adjustments
          to TeleMessage Ltd.'s net assets.

d.   No adjustments have been made to reflect the trading results of TeleMessage 
     Ltd. since 31 December 2004.



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