FFWD.L Regulatory News (FFWD)

3 January 2017

FastForward Innovations Ltd

("FastForward" or the "Company")

Market Update

Proposed Recommended Offer for Schoold

Proposed Listing of Leap Gaming

Proposed Recommended Offer for the issued shares of Schoold

The Company is pleased to announce that Vested Finance Inc. ("Schoold"), the US incorporated education technology provider trading under the brand "Schoold", and Mr Lorne Abony (the largest shareholder of Schoold and Chief Executive Officer of FastForward), have executed a term sheet with a strategic acquirer regarding a proposed recommended offer for the entire issued share capital of Schoold. The offer places a value on Schoold representing an increase in the reported value of FastForward's investments in Schoold at the time of FastForward's interim report and accounts to 31 September 2016.

The Term Sheet provides for a 75-day period of exclusivity in relation to the proposed acquisition which is subject to definitive agreements being concluded by the parties.

The Company has an approximate 12.3 per cent. interest (on a fully diluted basis) in the issued shares of Schoold.

Proposed Listing of Leap Gaming

The Company has been informed by Frallis LLC ("Leap Gaming") that it has started the process of seeking a listing of its shares on a North American stock exchange. In addition, Leap Gaming has confirmed that it has received an approach from an existing partner regarding a possible cornerstone investment in the business ahead of a proposed IPO of such partner and this party is currently undertaking a valuation exercise that will determine proposed pricing of Leap Gaming. Leap Gaming has indicated that it expects that either transaction, if completed, would represent in an increase over the reported value of FastForward's investments in Leap Gaming at the time of FastForward's interim report and accounts to 31 September 2016.

Leap Gaming is currently in the process of engaging advisers ahead of the proposed IPO which is expected to complete in the first half of 2017.

The Company can give no guarantee that an IPO will be completed or the valuation at which such IPO will occur. The Board of FastForward is however supportive of the proposed steps and will look to support Leap Gaming management over the course of the next few months.

The Company has an approximate 41.15 per cent. interest (on a fully diluted basis) in the issued shares of Leap Gaming, making it the largest shareholder of the company.

Commenting on the good news to start 2017, Lorne Abony noted, "The excellent news regarding Schoold and Leap Gaming over the holiday period ends a successful 2016 for the Company, and first 12 months for me personally as Chief Executive Officer. We continue to see significant milestones being achieved in all our investee companies (and do our best to bring the good news to all our shareholders through regular updates), and believe 2017 will be a year when a lot of hard work begins to pay off for FastForward, and for the respective management teams working so hard to drive the investee businesses forward."

Market Abuse Regulations

The Directors of the Company consider each of the transactions above to be at an advanced stage of negotiation, and to be material to the business, trading and operations of the Company, constituting price sensitive inside information for the purposes of Market Abuse Regulation (EU) No. 596/2014.

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 Fast Forward Innovations Ltd. 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. Fast Forward Innovations assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.