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Vringo Issues Investor Update

Vringo, Inc. (NYSE MKT: VRNG), a company engaged in the innovation, development and monetization of mobile technologies and intellectual property, today issued an update for investors.

Clifford Weinstein, Executive Vice President of Vringo said, "We take this opportunity to update the market on our current litigation and offer some further details on the wireless infrastructure portfolio we recently acquired from Nokia. With respect to the Nokia portfolio, we plan on taking action shortly through licensing and litigation campaigns."

Current Litigation: I/P Engine v. AOL, Google et al.

Vringo's wholly-owned subsidiary I/P Engine's case against Google, AOL, IAC, Target and Gannett is scheduled for a jury trial beginning October 16th in U.S. District Court in the Eastern District of Virginia, Norfolk Division. The patents-in-suit were originally acquired from Lycos, Inc.

On July 27, 2012, the parties exchanged expert reports on the issues for which the party has the burden of proof. I/P Engine provided defendants its expert reports on infringement and damages, and the defendants provided their expert report on invalidity, which happens in virtually all patent litigations.

The parties are exchanging rebuttal expert reports this week. Certain reports have been designated by the parties as confidential subject to the Protective Order entered by the Court on January 23, 2012 because they contain highly confidential business information. A copy of the Protective Order can be found on the public docket on Pacer ( www.pacer.gov), document number 85.

Fact discovery in the case closes on September 4, 2012. Expert discovery closes on September 11, 2012.

Pre-trial disclosures are scheduled to be exchanged between the parties on September 19, 2012 and any objections exchanged on September 26, 2012. An attorney conference with the Court is scheduled for September 28, 2012. A final draft pretrial order will be proposed on October 3, 2012 and a final pretrial conference with the Court will be conducted on October 5, 2012. Proposed voir dire and jury instructions will be submitted to the Court on or before October 9, 2012. Trial will commence on October 16, 2012 at 10:00 AM.

Patents Recently Acquired from Nokia: Vringo Infrastructure, Inc. Portfolio

There are five general categories of infrastructure technologies covered by the Nokia portfolio: Communication Management; Data & Signal Transmission; Mobility Management; Radio Resources Management and Services.

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