MOBS Mobestar

    Mobestar Holdings Plc ("Mobestar" or the "Company")

Issue of equity and trading update

Issue of equity

The board of the Company is pleased to announce that the Company has today
issued and allotted 1,450,000 new ordinary shares in the Company at a price of
20 pence per share raising gross proceeds of �290,000. The proceeds will be
used to provide the Company with additional working capital.

Issue of warrants

Each new ordinary share issued pursuant to the above issue of equity has
attached to it a warrant entitling the holder to subscribe for a further new
ordinary share in the Company exercisable at a price of 40 pence per share. The
warrant may be exercised at any time until the second anniversary of their
issue.

Subsequent to the above the enlarged issued share capital of the Company
comprises of 39,401,480 ordinary shares of 1 pence each.

Application has been made for the new ordinary shares to be admitted to trading
on AIM. Trading is expected to commence on or around 28 August 2007.

The new ordinary shares will rank pari passu with the existing ordinary shares.

Trading update

Subsequent to the announcement made by the Company 21 September 2006 in
relation to Mobestar securing its first major mobile dating contract with QSoft
Consulting Limited, the leading gay media owner, the board announces that the
system have now been fully deployed on a commercial basis.

The Company accrues revenue in real time with usage of its systems and will
make an update to the market once the usage and financial information covering
a representative period becomes available.

End

Contact

Liam Murray, Nominated Adviser

City Financial Associates Limited

Tel 020 7090 7800



END

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