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Press Release

BMO Bank of Montreal and Monitise to Partner on Mobile Money Solutions for BMO Customers


TORONTO and LONDON, December 19, 2012 — BMO Bank of Montreal and Monitise plc (LSE: MONI) today announced they have entered an alliance to develop new Mobile Money services, using Monitise's market-leading technology platform that encompasses mobile banking, payment and commerce services.

The alliance will allow BMO Bank of Montreal to offer customers intuitive and advanced Mobile Money services. The collaboration builds on an agreement formed in 2010 with Clairmail, the U.S.-based mobile banking and payments provider acquired by Monitise in 2012.

As BMO Bank of Montreal's technology provider for the mobile channel, Monitise will work with the bank across its smartphone applications, mobile web offerings and SMS services, using its platform capabilities to provide added convenience for new and existing customers.

"With the size of the Mobile Money opportunity growing by the day, and the enhanced experience and convenience this channel provides to our customers, we plan to continue to build on our success in this area to date," said Andrew Irvine, Senior Vice President, BMO Bank of Montreal. "We are extremely pleased with the response we've seen to our mobile banking and payments services so far and, with the support of Monitise and its technology platform, we look forward to delivering more innovative solutions across this space and beyond."

"We are delighted to be supporting BMO Bank of Montreal via our platform capabilities and network connections," said Frank D'Angelo, President of Monitise Americas. "As cash becomes increasingly digitised, we are committed to providing integrated, strategic Mobile Money solutions to financial institutions, with a line of sight for the development of cutting-edge services in the future. The Monitise Enterprise Platform is central to this approach."

Monitise's Enterprise Platform has been developed to deliver bank-grade integrated and scalable Mobile Money solutions that embrace all devices, operators and networks. For more information visit: www.monitise.com/americas/solutions

About Monitise

Monitise plc (LSE: MONI) is a leading technology and services company that delivers mobile banking, payments, and commerce networks worldwide. Monitise enables financial institutions and other payments companies to defend and extend their market position by protecting their existing customer relationships and transactions while enabling new forms of mobile commerce revenue.

Monitise powers bank-grade solutions that are delivered on premise, or via cloud services, handling more than a billion transactions and over US$25bn worth of payments and transfers on an annualised basis. Monitise has a global reach and unique set of partners and clients using its completely adaptable platform. More information is available at www.monitise.com.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $525 billion as at October 31, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

For further information:

Monitise:

Monitise Group
Gavin Haycock, Media Relations
Gavin.haycock@monitise.com
Tel: +44 (0) 20 7947 4156

Haya Herbert-Burns, Investor Relations
Haya.herbert-burns@monitise.com
Tel: +44 (0) 20 7947 4928

Monitise Americas
Kate Reed, LaunchSquad
monitise@launchsquad.com
Tel: +1. 415 625 8555

Monitise plc
Duncan McIntyre, Chairman
Alastair Lukies, Chief Executive Officer
Lee Cameron, Chief Commercial Officer
Mike Keyworth, Chief Operating Officer
Tel: +44 (0) 207 947 4300

Canaccord Genuity Limited (NOMAD)
Simon Bridges
Cameron Duncan
Tel: +44 (0) 20 7523 8000

FTI Consulting
Charles Palmer
Jon Snowball
Tel: +44 (0) 20 7831 3113

BMO Financial Group:

Matt Duffin, Toronto,
matthew.duffin@bmo.com,
(416) 867-3996

Valérie Doucet, Montréal,
valerie.doucet@bmo.com,
(514) 877-8224

Laurie Grant, Vancouver,
laurie.grant@bmo.com,
(604) 665-7596