AxisMobile Secures $800k Loan

RNS Number:6219I
Axismobile PLC
28 November 2007

Date:                  28 November 2007
On behalf of:          AxisMobile PLC ("AxisMobile" or "the Company")
                       For immediate release



AxisMobile PLC

Secures $800,000 follow-on loan facility



AxisMobile PLC (AIM: AXIS), the hi-tech specialists in consumer mobile email,
today announces it has signed loan agreements worth $800,000 led by Plenus
Venture Lending and includes Pitango Venture Capital and Concord Ventures. The
Company investigated a large number of funding options before entering into the
follow-on loan facility. The loan was awarded from existing lenders as follows:
Plenus awarded a loan of $400,000, Pitango Venture Capital awarded a loan of
$300,000 and Concord Ventures awarded a loan of $100,000.

The loans are repayable over 24 months, with a grace period of 6 months, with
interest charged at LIBOR plus 5.5%.  470,000 warrants were also granted at 25p
(235,000 to Plenus, 176,250 to Pitango Venture Capital and 58,750 to Concord
Ventures) and finance charges of $235,000 were incurred.

Both the initial loan and the follow on loans will be subject to a grace period
of six months and can be converted to AxisMobile shares at the greater of 80% of
the market price or 51p.

The funds will enable the Company to accelerate the roll out of its services and
solutions to its growing client base and provide working capital ahead of
revenues generated from its customers . As part of the loan facility is being
provided by existing shareholders of the Company, Pitango Venture Capital and
Concord Ventures, the loan is classified as a related party transaction under
the AIM Rules for Companies. The directors, having consulted with the Company's
nominated adviser, Canaccord Adams Limited, consider the terms of the loan are
fair and reasonable insofar as shareholders are concerned.



All dollar references in this announcement are to US dollars.


Sharon David, CEO of AxisMobile, commented:

"The additional funds provided by the follow on loans from Plenus, Pitango and
Concord will enable AxisMobile to continue to expand its customer base and
concentrate on driving the business forward to a position where our working
capital requirements will be satisfied by revenues generated from our 
customers."


Enquiries to:

Uri Darvish                                          Tel:  + 972 3 768 5555
AxisMobile                                           www.axismobile.com

Emma Kane/Paul Dulieu                                Tel:  [phone]
Redleaf Communications

Chris Bowman/Andrew Chubb                            Tel: [phone]
Canaccord Adams Limited







Notes to Editors



About AxisMobile



*    AxisMobile was founded during early 2000.  It is a leader in the emerging
     market of consumer mobile email which allows consumers to access email via
     mobile telephone handsets.

*    AxisMobile's objective is to provide software that drives the mass market
     adoption of mobile email and related products by making multimedia 
     information portable, ubiquitous and easy to access on subscribers' 
     existing mobile handsets at an attractive cost.  AxisMobile's email 
     platform provides a ' one-stop-shop' for consumer mobile as it supports 
     Web, WAP, IMAP4, MMS, SMS and J2ME interfaces. Such interfaces cover most 
     methods of transmitting mobile data communications. AxisMobile's platform 
     means that mobile operators no longer need to integrate platforms from 
     different vendors.  This reduces costs. AxisMobile aims to leverage 
     customer relationships by offering additional products and services based 
     on its technology platform, hence producing cross- sales and increasing the 
     value to customers and to its shareholders.

*    Consumer mobile email represents a huge growth opportunity for mobile
     operators and vendors. The success of mobile communications has become a
     worldwide phenomenon with approximately 1.7 billion subscribers globally.  
     In 2005, Forrester research estimated that the number of Western European 
     consumer mobile email users will increase from 12.3 million in 2005 to 62.7 
     million by 2008. During the same period, revenues from consumer mobile mail 
     will grow from Euro120 million per year to Euro1.15 billion per year in Western 
     Europe alone. In the US, Forrester estimates that the number of consumer 
     mobile email users will increase from 12.1 million in 2005 to 38 million in 
     2008 and that revenues will soar from $13 million per year in 2005 to 
     $406 million in 2008.

*    The loan from Plenus was through Plenus II L.P. and Plenus II (D.C.M.)
     L.P.

*    The loan from Pitango Venture Capital was through Pitango Venture Capital
     Fund III (Israeli Sub) L.P., Pitango Venture Capital Fund III (Israeli Sub) 
     Non-Q L.P., Pitango Venture Capital Fund III(Israeli investors) L.P., 
     Pitango Principals Fund III (Israel) LP, Pitango Venture Capital Fund III 
     Trusts 2000 Ltd. and Pitango Parallel Investors Fund III (Israel) LP

*    The loan from Concord Ventures was through Concord Venture II (Cayman)
     L.P., Concord Venture II (Israel) L.P., Concord Venture Advisors II-A 
     (Israel) L.P. and Concord Venture Advisors II (Cayman) L.P.

*    Publication quality photographs are available from Redleaf Communications

*    Further information on AxisMobile is available from the AxisMobile
     website: www.axismobile.com




About Plenus

Plenus is Israel's only Venture Lending Fund, providing fully secured equity
based credit facilities/loans (up to 3 year duration) to revenue stage
technology companies. Plenus currently manages approximately $200mm and is
backed by Israel's largest financial institutions as well as US based investors.
To date, the fund has provided its portfolio companies credit facilities
totalling over $150mm in over 40 deals and has participated in 8 significant
exits, 6 in 2006 alone including: Followap (NYSE: NSR), Identify (NYSE: BMC),
Whale (Nasdaq: MSFT), Insureworx (Nasdaq: FISV), XMPie (NYSE: XRX), and StoreAge
(NYSE: LSI).  Alongside Plenus Venture Lending, Plenus also manages Plenus
Mezzanine, aimed at the non-high-tech middle market in Israel.

For more information on Plenus, please visit www.plenus.co.il or contact +972 9
952 0700.






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