Award of Grant

RNS Number:5570D
MobilityOne Limited
10 September 2007




                               MobilityOne Limited
                        ('MobilityOne' or 'the Company')

 Awarded a RM1.2 million grant under the MSC Malaysia R&D Grant Scheme ("MGS")

MobilityOne Limited ("MobilityOne") is pleased to announce that its wholly-owned
subsidiary, MobilityOne Sdn Bhd ("MobilityOne Malaysia") has been awarded a
RM1.2 million (approximately #170,000) grant for its "MobilityOne Commerce
Platform" from Multimedia Development Corporation Sdn Bhd ("MDeC") through the
MGS and no repayment of the grant to MDeC is required.

MGS is a form of financial incentive provided by MDeC for company with MSC
Malaysia (formerly know as Multimedia Super Corridor) status to develop relevant
multimedia technologies and applications which would contribute to the overall
MSC Malaysia development.

The availability of the grant is in line with the corporate strategy of
MobilityOne Malaysia to allocate sufficient funds to continue the development
and improvements of its proprietary technology platform.

Hussian @ Rizal Bin A. Rahaman, Chief Executive Officer of MobilityOne,
commented: 'We are delighted with the grant which shows the confidence and trust
that MDeC has in MobilityOne Malaysia and its technology capabilities and will
assist us in continuing to fulfil our strategy of further developing and
improving our technology.'
                                      Ends

For further information, please contact:

MobilityOne                                              020 7936 9605
Hussian @ Rizal Bin A. Rahaman, CEO
Seah Boon Chin

HB Corporate                                             020 7510 8600
Luke Cairns
Rachel Kane
Jim McGeever

Threadneedle Communications                              020 7936 9605
Graham Herring
Josh Royton

About MobilityOne

MobilityOne is the holding company of an established group of companies
("Group") based in Malaysia in the business of providing e-commerce
infrastructure payment solutions and platforms through their proprietary
technology solutions, which are marketed under the brands MoCS(TM)and ABOSSE(TM)

The Group has developed an end-to-end e-commerce solution which connects various
service providers across several industries such as banking, telecommunication
and transportation through multiple distribution devices such as EDC terminals,
short messaging services, Automated Teller Machine, and Internet banking.

The group's technology platform is flexible, scalable and has been designed to
facilitate cash, debit card and credit card transactions (according to the
device) from multiple devices while controlling and monitoring the distribution
of different products and services.

For more information, please refer to our website at http://
www.mobilityone.com.my

About MSC Malaysia

MSC Malaysia (formerly known as the Multimedia Super Corridor) is Malaysia's
most exciting initiative for the global information and communication technology
("ICT") industry.
Conceptualized in 1996, MSC Malaysia has since grown into a thriving dynamic ICT
hub, hosting more than 900 multinationals, foreign-owned and home-grown
Malaysian companies focused on multimedia and communications products,
solutions, services and, R&D.
For more information, please refer to their website at http://www.msc.com.my

About MGS

The MGS is a form of financial incentive to support R&D initiative with the aim
to encourage and establish vibrant R&D activities, increase the creation of
intellectual property and to strengthen the R&D capabilities of Malaysian
knowledge workers.

For more information, please refer to their website at http://www.msc.com.my/
business/grants.html

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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