REG - MobilityOne Limited - Response to media commentary and speculation

MobilityOneAnnouncement

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RNS Number : 7901Z  MobilityOne Limited  09 April 2026

9 April 2026

MobilityOne Limited

("MobilityOne", the "Company" or the "Group")

 

Response to media commentary and speculation on MobilityOne's Islamic digital
banking business

 

MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and
platform provider, notes the recent media commentary stating, inter alia, that
MobilityOne Sdn Bhd has secured a full-fledged Shariah-compliant Islamic
digital banking licence from the Labuan Financial Services Authority.

 

On 31 December 2025, MobilityOne announced that MobilityOne Sdn Bhd ("M1
Malaysia"), the Group's wholly-owned operating subsidiary in Malaysia, had
received conditional approval from Labuan Financial Services Authority
("Labuan FSA") for M1 Malaysia to establish a subsidiary in Labuan to be named
MBO Bank (Labuan) Limited ("MBO Bank"), to carry on Islamic digital banking
business in Labuan, Malaysia.

 

As further outlined in the announcement, the conditional approval is subject
to, inter alia, MBO Bank having sufficient capital reserves, strong corporate
governance and other strict operational and prudential requirements in place
as stipulated by the Labuan FSA.

 

The Group can confirm that the conditions outlined in the announcement on 31
December 2025 remain outstanding. Notwithstanding this, the Group is working
to meet the required conditions.

 

The Company will make further announcements as and when appropriate.

 

For further information, please contact:

 

MobilityOne
Limited
+6 03 89963600

Dato' Hussian A. Rahman,
CEO                                                        www.mobilityone.com.my

har@mobilityone.com.my

 

Allenby Capital Limited

(Nominated Adviser and
Broker)                                                        +44
20 3328 5656

Nick Athanas / Vivek Bhardwaj (Corporate Finance)

Matt Butlin / Kelly Gardiner (Sales & Corporate Broking)

 

 

 

About the Group:

 

MobilityOne is one of the leading virtual distributors of mobile prepaid
reload and bill payment services in Malaysia. With connections to various
service providers across industries such as banking, telecommunications,
utilities, government agencies, and transportation, the Group operates through
multiple distribution channels including mobile wallets, e-commerce sites, EDC
terminals, automated teller machines, kiosks, and internet & mobile
banking. Holding licenses in regulated spaces including acquiring, e-money,
remittance and lending, the Group offers a range of services to the market,
including wallet, internet, and terminal-based payment services, white label
e-money, remittance, lending, and custom fintech ecosystems for communities.
The Group's flexible, scalable technology platform enables cash, debit card,
and credit card transactions from multiple devices while providing robust
control and monitoring of product and service distribution.

 

For more information, refer to our website at www.mobilityone.com.my
(http://www.mobilityone.com.my) .

 

 

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