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Demerger of Monitise

The following includes information regarding the intention by Morse plc to demerge Monitise.

This material is for information purposes only and does not constitute an offer or an invitation to acquire or dispose of any securities.

No shares are being registered under the US Securities Act of 1933 and shares may not be offered or sold in the United States absent registration or an exemption from registration. No public offering of securities is being made in the United States.

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