FFWD.L Regulatory News (FFWD)

12 February 2016

FastForward Innovations Limited

Completion Placing

Admission of New Shares to trading on AIM

Further to its announcements on 28 January and 8 February 2016, the Board of FastForward Innovations Limited ("FastForward" or the "Company") is pleased to announce that it has today completed the placing of 37,426,901 new Ordinary Shares of 1p each (the "Placing Shares") at a price of £0.15 per Placing Share thereby raising US$8,000,000 (£5,614,035 at an exchange rate of £1:US$1.425, being the rate on the date the Company determined the terms of the placing) before expenses (the "Placing").

Current Net Asset Value (based on the issued share capital following the Placing)

The Company has invested £4.1 million (c. £0.03 per share) into seven investments to date and has, on completion of the Placing, £6.8 million (£0.05 per share) in liquid assets to fund working capital and further investments.

Mr. Lorne Abony, the Company's Chief Executive Officer, was pleased to close the Placing in difficult market conditions:

"I have had an opportunity to review the current investment portfolio and to work with colleague directors to further develop the Company's future strategy. It is my view, shared by the Board, that the investments made to date have enormous potential for significant shareholder value creation. Beyond this, preliminary analysis indicates that each company is delivering results ahead of their respective business plans and budgets.

I intend to provide a comprehensive market update in due course with greater detail around our strategy, specific investment criteria and about our investments and their respective prospects. It is however my goal to work with the Board in the first half of 2016 making opportunistic investments. The second half of 2016 will likely see a heavy emphasis on seeking to crystallize the value of those businesses at valuations well in excess of the value that FFWD acquired its interests; those exits could take the form of investments by third parties at higher valuations, IPO's or sales. I am very comfortable saying that I am truly excited by the management teams we have in place, the milestones that have been achieved, and the results we are seeing, and am very confident that value enhancing events in the near future will reflect positively on our Net Asset Value.

The Placing was significantly over subscribed. I appreciate the tremendous confidence shown in me and the rest of the board by new and existing shareholders to deliver them superior returns. Many of our new shareholders are themselves successful technology investors. Their support will further enhance our ability to discover and incubate new tech start ups for the benefit of all our shareholders."

Admission of the Placing Shares to AIM

The Placing Shares (which will rank pari passu with the existing Ordinary Shares) have been issued and allotted and accordingly, admission to trading on AIM is expected to commence at 8.00 a.m. on 18 February 2016.

The enlarged issued share capital of the Company following the issue of the Consideration Shares and the Placing Shares will be 134,108,445 Ordinary Shares with voting rights. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information please visit www.fstfwd.co or contact:

CAUTIONARY STATEMENT

The AIM Market of London Stock Exchange plc does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding potential values, the future plans and objectives of FastForward Innovations Limited and the companies in which it invests. There can be no assurance that such statements will prove to be accurate, achievable or recognizable in the near term.

Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. FastForward Innovations Limited assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.