Interim Results

Messaging International Plc
29 September 2006


                                    Draft 5
    Messaging International Plc ('Messaging International' or 'the Company')
                                Interim Results

Messaging International Plc, the AIM-listed provider of innovative messaging
services, announces its results for the six months ended 30 June 2006.

Chairman's Statement

The Company continued to make progress in the period, entering agreements with
global telecom operators and developing new products, which will ensure a strong
position in the messaging sector. Our blue-chip customer base, which includes
Sprint-Nextel, one of the top tier mobile providers in the USA, Rogers Wireless,
the largest mobile operator in Canada and several other worldwide operators, is
testament to the high esteem we enjoy in the sector.

Despite the lengthy sales cycles in the telecom sector and the slow build-up in
traffic volumes having somewhat delayed our development, new agreements signed
during the period under review and the constantly growing number of messages
delivered through our systems underpins our optimism for the future.

We provide messaging services and products that enable service providers to
send, receive, and manage voice, text and multimedia messages from a wide range
of communication media. Importantly for us, consumer demand continues to drive
investment in product development in this sector. We are at the forefront of
technological change and constantly strive to stay one step ahead of the
competition. This position was highlighted by our recently obtained US and
Canadian patent for our Mobile Station (MS) message selection identification
system, which enables users to seamlessly reply to messages across various
messaging services. This patent may enable the Company to charge licensing fees
to various vendors using the patent. We are waiting to receive a European patent
for this method.

In tandem with developing new products, we are focused on improving our market
penetration, which naturally requires the expansion of marketing activity. To
this end we have stepped up activity in the USA, Asia and Europe. While there is
a long lead time to completing agreements, we are beginning to see the results
of our labour and have a pipeline of new business opportunities. New business in
the period includes agreements with Pelephone, an Israeli mobile operator, to
power an email to text service, as well as two tier-one USA mobile operators and
Virgin Mobile USA, to market our proprietary Text-to-Landline solution.

For the period, the Company is reporting operating losses of £545,162 (year
ended 31 December 2005: losses £392,919) on a turnover of £321,055 (year ended
31 December 2005: £219,793). The pace of change in the sector means that we
continue to invest heavily in research with the view to creating new products as
well as developing existing ones. These research and development costs incurred
in the six month period ended 30 June 2005 were £218,435 (year ended 31 December
2005: £182,655). These costs have affected our current results but the company
should benefit financially in the longer term.

Our experienced team, blue-chip clients and leading-edge technology, form a
solid platform from which to develop the business. The messaging sector is
changing rapidly and in line with this your management is focused on enhancing
the Company's intellectual property base so that we are able to capitalise on
the resulting opportunities for expansion worldwide. Additionally, we continue
to explore potential acquisition opportunities that will complement our already
extensive offering.

Finally I'd like to thank all those involved with the Company for their hard
work and I look forward to the future.


Horacio Furman
Chairman

Messaging International Plc
Consolidated income statement for the six month period ended 30th June 2006

                                                Unaudited 6months ended 30June 2006       Audited
                                                                                          Year ended 31December 2005
                                      Notes

                                                                                  £                                £
Continuing operations

Revenues                                                                    321,055                          219,793
Cost of
revenue                                                                    (237,186)                        (168,594)
                                                                           ----------                       ----------
                                                                           ----------                       ----------
Gross profit                                                                 83,869                           51,199
                                                                           ----------                       ----------

Operating expenses
Research and
development                                                                (218,435)                        (182,655)
Sales and
marketing                                                                  (233,874)                        (149,003)
Administrative
and general
costs                                                                      (179,218)                        (131,912)
                                                                           ----------                       ----------
                                                                           ----------
Total
operating
expenses                                                                   (631,527)                        (463,570)
                                                                           ----------                       ----------
                                                                                                            ----------

Operating loss
on ordinary
activities
before
interest and
taxation                                                                   (547,658)                        (412,371)

Interest and
similar income                                                                2,496                           19,452

                                                                           ----------                       ----------
                                                                           ----------                       ----------
Loss on
ordinary
activities
before
taxation                                                                   (545,162)                        (392,919)

Taxation on
ordinary
activities                                2                                       -                                -
                                                                           ----------                       ----------
                                                                           ----------
Loss for the
financial
period                                                                     (545,162)                        (392,919)
                                                                           ----------                       ----------
                                                                                                            ----------



Loss per share from continuing operations

Basic and
diluted loss
per share                                 3                                    (0.5)  p                         (0.7)  p
                                                                           ----------                       ----------


All amounts relate to continued activities.

There were no recognised gains or losses other than shown in the profit and loss account.

Messaging International Plc
Consolidated balance sheet as at 30 June 2006
                                               Unaudited 30 June     Audited 31 December
                                                             2006                   2005

                                                                £                      £

Non current assets
Goodwill                                                3,236,617              3,236,617
Tangible assets                                            54,280                 52,371
Intangible
assets                                                      1,158                  1,631
Restricted cash                                            94,288                 84,338
                                                        ----------              ----------
                                                                                
                                                        3,386,343              3,374,957
                                                         ----------             ----------

Current assets
Cash and cash
equivalents                                               341,264                954,888
Trade and other
receivables                                               266,874                181,501

                                                         ----------             ----------
                                                          608,138              1,136,389

Current liabilities
Trade and other
payables                                                 (217,741)              (220,549)

                                                         ----------             ----------
                                                         ----------             ----------
Net current
assets                                                    390,397                915,840
                                                         ----------             ----------

Non current liabilities
Severence pay
obligations                                              (132,681)              (116,228)
                                                         ----------             ----------
                                                         ----------             ----------
Total
liabilities                                              (350,422)              (336,777)
                                                         ----------             ----------

Net assets                                              3,644,059              4,174,569
                                                         ----------             ----------

Share capital                                             576,900                576,900

Share premium
account                                                 3,999,475              3,999,475

Post acquisition
losses                                                   (938,081)              (392,919)

Foreign currency
translation
reserve                                                     5,765                 (8,887)
                                                         ----------             ----------
                                                         
Shareholders'
equity                                                  3,644,059              4,174,569
                                                         ----------             ----------


Messaging International Plc
Consolidated cash flow statement for the six months ended 30 June 2006

                                Unaudited 6 months ended 30 June    Audited
                                                            2006    Year ended 31 December
                                                                                      2005


                                                               £                         £

Net cash
outflow from
operating
activities                                              (601,553)                 (344,006)
                                                        ----------                ----------
                                                        ----------                ----------

Investing activities
Interest and
similar income                                             2,496                    19,452
Purchase of
tangible
assets                                                   (14,567)                  (13,261)
Investments                                                    -                    (9,193)
Net overdrafts
acquired with
subsidiary                                                     -                    (5,479)


Net cash used
in investing
activities                                               (12,071)                   (8,481)
                                                        ----------                ----------
                                                        ----------                ----------

Financing activities
Issue of
equity share
capital                                                        -                 1,574,998
share issue
costs                                                          -                  (292,625)
                                                        ----------                ----------
                                                        ----------                ----------
Net cash from
financing
activities                                                     -                 1,282,373
                                                        ----------                ----------


Net increase
in cash and
cash
equivalents                                             (613,624)                  929,886

Cash and cash
equivalents at
the beginning
of the
period/year                                              954,888                    25,002
                                                        ----------                ----------
                                                        ----------                ----------
Cash and cash
equivalents at
the end of the
period/year                                              341,264                   954,888
                                                        ----------                ----------

Messaging International Plc
Notes to the interim report for the six months ended 30 June 2006

1   Basis of preparation

The interim results for the six months ended 30 June 2006 are unaudited and 
do not constitute accounts within the meaning of S240 of the Companies Act 1985.
The interim results have been drawn up using accounting policies and presentation 
consistent with those disclosed and applied in the annual report and accounts for 
the year ended 31 December 2005.

The Comparative information contained in this report for the year ended 31 
December 2005 includes the results of its trading subsidiaries from the date of 
acquisition on 20 July 2005 and for that reason no comparative figures for the 
six months ended 30 June 2005 were considered relevant for the purposes of this
statement. The Comparative information contained in this report does not 
constitute the accounts within the meaning of S240 of the Companies Act 1985.

The accounting policies used in the interim statement are consistent with those
used in the financial statements for the year ended 31 December 2005 and are in 
accordance with International Financial Reporting Standards.

2   Taxation

No provision has been made for taxation as the group has losses available to 
carry forward against future trading profits.

3   Basic and diluted loss per share

The calculation of the loss per ordinary share is based on the loss after 
taxation for the six month period to 30 June 2006 of £545,162 and 115,380,000 
ordinary shares in issue throughout the period.

The calculation of the loss per ordinary share the year ended 31 December 2005 
is based on the loss after taxation of £392,919 and 56,171,781 ordinary shares
being the weighted average number of shares in issue in the period.

In view of the loss, share warrants and warrants are anti-dilutive and therefore
the diluted loss per share has not been presented.

4   Reconciliation of operating loss to net cash outflow from operating activities
                                                                                                                        
                                         6 months ended           Year ended                               
                                          30 June 2006          31 December 2005
                                                £                      £ 

 Operating loss for the period             (547,658)                (412,371)
                                                             
                                        
 Adjustments for:-

 Depreciation of tangible assets             12,658                    8,281                     
                                                                                                                 
                                        
 Amortisation of intangible assets              473                      307           
                                                                                                                   
                                          
 Foreign currency translation differences    14,652                   (8,887)      
                                           --------                  --------                         
                                        
                                    
Operating cash flow before movements                                                              
in working capital                         (519,875)                (412,670)                  
                                                                            

(Increase)/reduction in receivables         (85,373)                  47,308                    
                                                                                                               
                                                                                                                    

(Reduction)/increase in payables             (2,808)                   7,518                      
                                                                                                                 
                                                                                                                     

Increase in provisions                        6,503                   13,838                           
                                                                                                                 
                                                                                   
                                             --------               -------- 
Net cash outflow from operating activities (601,553)                (344,006)                  
                                             --------               --------                        





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