Falcon Regulatory News (FAL)

20 March 2017

Falcon Acquisitions Limited ("Falcon" or "the Company")

Acquisitions, £4 million Placing and Expected Readmission to Trading on London Stock Exchange

Falcon Acquisitions is pleased to announce that further to the announcement on 25 July 2016, to acquire Orbital Multi Media Holdings Corporation, and the announcement on the 10 November 2016, to acquire Teevee Networks Limited, the Company has raised £4 million, before expenses, through a Placing of new Ordinary Shares at a Placing Price of 25p each and expects to be re-admitted to trading on the London Stock Exchange at 8.00 a.m. on 27 March 2017.

The Company's ordinary shares were suspended from trading on the London Stock exchange on 25 July 2016 following the announcement that the Company had agreed to acquire Orbital Multi Media Corporation together with its operating subsidiaries Quiptel Hong Kong Limited and Quiptel Shenzhen Co. Limited (together 'the Quiptel Group'), which specialise in the creation of technology (mainly software) to power the Over-The-Top ('OTT') market. On 10 November 2016, the Company announced the acquisition of Teevee Networks Limited ('TVNL'), a Direct-to-Consumer ('D2C') media technology company that intends to become a destination brand for OTT streamed content, specifically, curated scripted sports chat shows, live sports events and other sports centric content. Both agreements were conditional on a number of items, including the Company being re-admitted to listing on the Official List and to trading on the London Stock Exchange. Additionally, the Company passed a resolution on 24 November 2016 to change its name to Falcon Media House Limited, which will become effective soon after Readmission.

The Company was formed to undertake one or more acquisitions of target companies, businesses or assets in, but not limited to, the mobile and online television and video broadcasting sector with a particular focus on the OTT market. Upon Readmission following completion of the acquisitions of the Quiptel Group and TVNL and the coming into force of three content agreements entered into by Falcon's subsidiary, Teevee Makers, Falcon will be the holding company of a group which owns and operates a business specialising in the OTT market through three distinct operational activities:

Technology

Through the acquisition of the Quiptel Group, Falcon will own a technology company that provides software solutions to enable enterprise customers, such as media content owners, mobile and broadband telecoms providers, to deliver content over-the-top of existing infrastructure. Income comes from the sale of licences in a Software-as-a-Service revenue model.

Distribution

The acquisition of TVNL will provide the Company with a destination brand for OTT streamed content, the know-how, strategic relationships and skills to distribute content to its chosen markets through OTT channels. The TVNL OTT IP broadcast service will be underpinned by the Quiptel OTT technology.

Content

Falcon's newly formed subsidiary, Teevee Makers, will operate a media and production studio company. This company will generate its own content and licence relevant independent content from third party studios and production companies, which it will market and distribute through TVNL in parallel to selling content on traditional broadcast networks.

In line with its original acquisition strategy, Falcon's aim is to build an integrated OTT business that can act as a consolidator for content for its own Teevee branded channels and provide a platform for third party operators to launch new OTT services.

It is expected that the existing listing of all the Company's Ordinary Shares will be cancelled immediately before 8 a.m. on 27 March 2017 and that Readmission will become effective and that dealings will commence at 8 a.m. on 27 March 2017.

A prospectus containing further details with regards to the transactions described above is pending approval by the Financial Conduct Authority ('FCA'), in connection with its application for the Readmission of its entire issued share capital, comprising 55,410,266 ordinary shares of 1 pence each, on the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities. Once approved, the prospectus will be available on the Company's current website, www.falconacquisitions.com, and from its registered address at 55 Mount Row, Guernsey GY1 1NU. A copy of the prospectus will also be submitted to the National Storage Mechanism.

**ENDS**

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