Vringo Offers Statement Related to Recent Director, Officer Transactions Regarding 10b5-1 Plans

Vringo, Inc. (NYSE: VRNG), a company engaged in the innovation,development and monetization of mobile technologies and intellectual property,today issued a statement regarding recent transactions by certain officers anddirectors pursuant to their pre-existing Rule 10b5-1 trading plans.On January 28, 2013, portions of restricted stock units granted to certainVringo officers and directors pursuant to the Company's 2012 Equity IncentivePlan vested. The vesting of these securities caused income tax liabilities forthe officers and directors.The proceeds from these stock sales are being used to pay the income taxassociated with the vesting of the restricted stock units.All the stock sales were effected pursuant to pre-existing trading plansestablished pursuant to Rule 10b5-1 and will be reported on Form 4 filings tobe filed with the United States Securities and Exchange Commission.As used here, the term "Rule 10b5-1" refers to an SEC rule under theSecurities Exchange Act of 1934 that enables company officers and directors toenter into plans at times when such persons do not have any material,non-public information concerning the issuer. The plans were put in place bysuch persons to sell a pre-specified number of restricted stock units on theapplicable vesting dates of the restricted stock units. The Company believesit is a common practice for insiders to sell shares on regular intervals topay the income tax associated with the vesting of the restricted stock units.