Share BuyBack

RNS Number:9691L
MobilityOne Limited
17 January 2008




                              MobilityOne Limited
                         ("MobilityOne" or "Company")

                            Notice of Share BuyBack

MobilityOne announces that on 15 January 2008, it purchased a total of
14,962,253 ordinary shares at 9.31 pence per share for cancellation using the
authority given by the shareholder of the Company at the extraordinary general
meeting held on 17 December 2007. The repurchased ordinary shares will be
cancelled and removed from trading on AIM. Accordingly, as a result of the above
share buyback, the issued share capital of the Company will be 78,974,951
ordinary shares of 2.5 pence each.

Hussian A. Rahman, Chief Executive Officer of MobilityOne, commented: "The
purchase price is based on the average of the highest and lowest of the market
closing price of the Company's shares since its admission to AIM on 5 July 2007
up to 14 January 2008 and it is at a discount of approximately 25.52% from the
placing price of 12.5 pence pursuant to the Company's admission on AIM. The
share buyback may help to stabilise the supply and demand of the shares and
reduce the price volatility which is important to retain investors' confidence
in the Company. Since the repurchased shares will be cancelled, the earnings per
share will increase accordingly which in turn could be expected to have a
positive impact on the market price of the Company's shares which will benefit
the shareholders of the Company."

                                  - ends -

For further information, please contact:

MobilityOne                                              +6 03 6286 1999
Hussian A. Rahman, CEO                                   www.mobilityone.com.my
har@mobilityone.com.my

HB Corporate                                             +44 (0)20 7510 8600
Luke Cairns                                              www.hbcorporate.co.uk
Rachel Kane
Jim McGeever

Threadneedle Communications                              +44 (0) 20 7936 9605
Graham Herring
Josh Royston

                                      




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

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