30 June 2011

MobileWave Group plc

("MobileWave" or the "Company")

Change of Accounting Reference Date

MobileWave announces that it has changed its accounting reference date from the 31 December to the 28 February. The reason for the change is due to the Company's South African and Australian subsidiaries both having February year ends, as will the planned incorporation of an Indian subsidiary by the Company.   For accounting purposes the Board has resolved that it would be administratively more efficient to have the Company operating on the same accounting reference date as its subsidiaries.

Notwithstanding this change the Company will be reporting its audited results for the period ended 28 February 2011 next week.  

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