MBW Mobilewave

TIDMMBW

RNS Number : 7207F

Mobilewave Group PLC

19 June 2012

19 June 2012

MobileWave Group plc

("MobileWave" or the "Company")

Update on litigation

The Board of MobileWave Group plc wish to advise shareholders that the Company's application to the Bankruptcy Division of the High Court for the bankruptcy of Devin Narang of Delhi, India for the non payment of the outstanding debt of GBP1,045,011.11 he owes to the Company, was scheduled for today. The court ordered that Devin Narang now has until 4:30pm on 26 June 2012 to file any evidence in opposition to the petition. Should he fail to do this, he will be barred from defending the action which is now set down for 10:30am on 27 June 2012. This effectively means there is no bar to proceeding with his bankruptcy in the event he fails to file evidence. The Board will update shareholders on this and other matters regarding the Company after the hearing.

For further information, please contact:

MobileWave Group plc rstear@mobilewave.com

Rory Stear, Chairman

Charles Stanley Securities 020 7149 6000

Nominated Adviser & Broker

Dugald J.Carlean / Carl Holmes

This information is provided by RNS

The company news service from the London Stock Exchange

END

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