MBW Mobilewave

TIDMMBW

RNS Number : 4674E

Mobilewave Group PLC

10 May 2013

10 May 2013

MobileWave Group PLC

("MobileWave" or the "Company")

Update on litigation

The Board of MobileWave wishes to further update shareholders as to the position regarding the action against Mr Devin Narang.

In an appearance before Registrar Barber in the High Court of London on 8 and 9 May 2013, the petition for the bankruptcy of Mr Narang was granted with costs for this and previous hearings. The Company will now pursue Mr Narang's assets globally through the Trustee in Bankruptcy. The Board is relieved that its efforts to pursue this debt have been vindicated and will update shareholders in due course of any developments in this regard.

For further information, please contact:

MobileWave Group plc

Rory Stear, Chairman (rstear@mobilewave.com)

Charles Stanley Securities, nominated adviser and broker:

Dugald J Carlean / Carl Holmes 020 7149 6000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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