FFWD.L Regulatory News (FFWD)

12 March 2015

Kuala Limited

("Kuala" or the "Company")

Exercise of Warrants

The Company announces that it has received notice to exercise warrants over 225,000 ordinary shares of 1p each ("Ordinary Shares") at an exercise price of 5 pence per Ordinary Share. Accordingly, the Company will issue, in aggregate, 225,000 new Ordinary Shares in settlement of this exercise (the "Warrant Exercise").

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares and application has been made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the new Ordinary Shares will commence at 8.00 a.m. on 17 March 2015.

Following the Warrant Exercise, the Company's issued share capital will consist of 27,345,552 Ordinary Shares with voting rights. There are no Ordinary Shares held in treasury. This number 27,345,552 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.

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For further information please visit www.kualalimited.com or contact: