Falcon Regulatory News (FAL)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

11 May 2018

Falcon Media House Limited

("Falcon" or the "Company")

£200,000 Funding

Falcon Media House (LSE:FAL), the global digital media group focused on the over-the-top ('OTT') market, is pleased to announce that it has raised a further £200,000 through the issue of convertible loan notes pursuant to the Convertible Note Instrument issued on 17 October 2017 (the "Note"). This funding has been received in cash. The total principal amount received in relation to the Notes now amounts to £3,135,000.

The Board is continuing to pursue further funding opportunities both in relation to the remainder of the outstanding amount that can be issued under the Note as well as considering alternative funding sources and structures. 

Further to the recent meeting of Noteholders, the Company also confirms that all resolutions put to the meeting were passed. Therefore, in relation to the Notes:

· The Conversion Price applicable to the Notes has been set at 2.5p per share; and

· Interest will be paid in specie by the issue of additional Notes - i.e. there will be no cash option for interest until redemption.

The resolutions enable the Company to eliminate the cashflow impact of paying interest during the term of the Note and fix the maximum dilution possible should all Notes be converted. The Board has resolved to issue a further 94,187 Notes in relation to interest accrued to 31 March 2018.

Further updates will follow in due course.

**ENDS**

For more information visit www.falconmediahouse.com or enquire to: