Trading Statement

Velti PLC 11 January 2007 FOR IMMEDIATE RELEASE THURSDAY, 11 January 2007 VELTI PLC 2006 trading update Velti plc ('Velti' or 'the Company'), a provider of software platforms, applications and services for advertising agencies, mobile operators and media groups, announces that it has achieved strong growth for the year ended on 31 December 2006, its first financial year as a publicly quoted company. As a result the Company expects to report revenue in excess of €10.5m (this represents an increase of 115% over the previous year). Profit for the year will be in line with market expectations. A major driver of growth during the year has been the growing repeat business from major mobile network operators in South Eastern Europe (Vodafone, TIM Hellas, Cosmote, Q Telecom, Armentel, Turkcell, CYTA, BH Telecom) and new business won in the areas of mobile marketing, advertising, mobile communities and location based services. The strong and long-standing relationships of Velti, as a platform and services provider, with mobile network operators led to increased new business across all client categories. Significant business wins include the implementation of new mobile value added services for Cosmote, TIM Hellas and Vodafone. The Company launched mobile content and community services for Mo Mad (the virtual network of Mad TV, the largest music-youth TV station in South Eastern Europe) and Q Telecom. In 2006 Velti established itself as a leader in location based services in South Eastern Europe, for example receiving a significant new contract for providing real time traffic information over mobile phones as well as forming a joint venture with Telenavis, a company focused exclusively on navigation and location based services. In the field of mobile marketing Velti worked with Armentel in a successful six month long mobile marketing and loyalty program with user participation surpassing 12% of the total subscriber base. Velti is also benefiting in the USA from the demand for innovative mobile marketing and advertising solutions with projects won from MaxPreps (the leading high school sports portal) Verizon and Greater Media Radio. Velti has recently opened an office in the UK and taken over the contracts that previously formed the business of Digital Rum Ltd, a UK mobile services provider. These included contracts with existing clients of Velti, such as Vodafone, and other large UK companies including Orange, Argos and BAA. In addition to the sales potential for its existing products, Velti has acquired some intellectual property rights, previously owned by Digital Rum Ltd, with which the Company can augment the solutions Velti offers to its existing, non-UK clients. David Mann, Non-Executive Chairman commented: 'These excellent results demonstrate that Velti is successfully implementing the ambitious strategy presented to investors when it floated on AIM in April 2006. With its good profitability and strong balance sheet, Velti is well placed to continue its rapid expansion.' Alexandros Moukas, Chief Executive added: 'We are experiencing strong demand for our services across all our target markets. For 2007, we see exciting opportunities and plan to continue increasing both our geographic coverage and our offerings for mobile advertising and mobile communities.' A full announcement of results for 2006 is expected to be made at the end of March 2007. CONTACTS Bankside: 020-7367-8888 Simon Bloomfield or Steve Liebmann This information is provided by RNS The company news service from the London Stock Exchange
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