Payment of Deferred Compensation for M Telecom Acquisition

Velti plc

Payment of Deferred Consideration for M Telecom acquisition

Velti announces that further to the acquisition of M Telecom, as announced on 23
March 2007, the Company has satisfied part of the deferred consideration for the
acquisition by a cash payment of €280,000 and the issue of 195,658 ordinary shares
in the Company at an issue price of 162.6p per share.

In accordance with the sale and purchase contract, there will be a further and final
payment of deferred consideration which will be calculated and settled on 30 April
2009. The overall total consideration will not exceed €2.56 million.

Application has been made for these shares to be admitted to trading on AIM and
dealings are expected to commence on 27th May 2008.

END

CONTACTS

Velti:
Alexandros Moukas, Chief Executive Officer +44 (0) 20 7633 5000
Pantelis Papageorgiou, Director of Finance

Bankside: +44 (0) 20 7367 8888
Simon Bloomfield or Steve Liebmann

RBC Capital Markets: +44 (0) 207 653 4667
Sarah Wharry

About Velti
Velti's market-leading mobile marketing technology platform, coupled with its
experience in the mobile advertising industry, enables clients around the world to
deliver an extensive range of highly targeted marketing campaigns. With operations
in 18 countries, and a mobile marketing joint venture with the Interpublic group, a
top global holding group of advertising agencies, Velti has the ability to reach
through its platform an estimated 1.4 billion consumers.

Velti's unique Mobile Marketing and Advertising Platform (version 4.0) manages the
full cycle of planning, execution and monitoring of multiple campaigns across
differing mobile formats and channels, offering customers more than 70 mobile
marketing and advertising templates, which can be managed from one user interface.
For more information, visit www.velti.com.