Contents :

Introduction

The Board of Directors of Nextnation wishes to announce that Code Wireless Pte. Ltd., a subsidiary of the Company, had on 24 April 2007 incorporated a wholly-owned subsidiary in India, namely, Nextnation Mobitech India Private Limited ("NMIPL") and the Certificate of Incorporation was received from the Registrar of Companies National Capital Territory of Delhi and Haryana, India on 1 May 2007.

Background Information

The authorised share capital of NMIPL is Indian Rupee ("INR") 500,000 and the issued and paid-up share capital is INR100,000 divided into 10,000 ordinary shares of INR10 each.

The intended business activities of NMIPL is provision of mobile messaging technologies, mobile application platform and mobile application software for wireless communication.

Directors' and Substantial Shareholders' Interests

None of the Directors of the Company or persons connected to them has any interest, direct or indirect, in the aforesaid matter. The Directors of the Company are not aware of any substantial shareholders of the Company or persons connected to them who have any interest, direct or indirect, in the aforesaid matter.

This announcement is dated 3 May 2007.