MBW Mobilewave

TIDMMBW

RNS Number : 3139S

Mobilewave Group PLC

17 November 2011

17 November 2011

MobileWave Group plc

("MobileWave" or the "Company")

Litigation update

As previously announced, the Company has been pursuing Mr Devinder Raj Narang in respect of the deferred cash element of US $1.5m which was due on 31 December 2009, together with accrued interest following the disposal of the Freeplay business on 4 August 2008.

The Company obtained judgment against Mr Narang in the UK which it is seeking to enforce in India. The next hearing date for the matter in India was scheduled for 15 November 2011. However, that hearing has now been adjourned until March 2012. The Company is also seeking to enforce the judgment granted against Mr Narang in the UK.

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

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