Mysquar Regulatory News (MYSQ)

30 March 2016

MySQUAR Limited ("MySQUAR" or the "Company")

Extension of MyPAY service agreement

MySQUAR, the Myanmar-language social media and entertainment platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, is pleased to announce that it has today entered into an extension of the implementation fee arrangement included in the service agreement with MyPAY Limited, ("MyPAY"), a provider of mobile payment transaction services, first announced on 19 October 2015.

The extension of the agreement with MyPAY provides for further work connected with the integration of MyPAY's mobile payment services as a feature of MyCHAT, MySQUAR's free to use, mobile messaging and social networking application. The revised implementation fee will be USD 750,000 (an increase of USD 250,000 on the previously announced USD 500,000) and this has been received by the Company in cash.

The extension of the implementation fee arrangement entered into by MySQUAR with MyPAY constitutes a related party transaction under the AIM Rules as Eric Schaer, Chief Executive Officer of MySQUAR, holds an indirect controlling interest in MyPAY. The Directors other than Mr Schaer consider, having consulted with SP Angel Corporate Finance LLP, the Company's nominated adviser, that the terms of the service agreement are fair and reasonable insofar as its shareholders are concerned.

About MyPAY

MyPAY is planning to introduce a mobile money application in Myanmar in accordance with local laws. MyPAY aims to facilitate financial inclusion in a country where approximately 90% of the population is unbanked thereby contributing to improving the lives of the Myanmar people.

The mobile payment services of MyPAY are enabled by the fastacash mobile payment technology. fastacash (www.fastacash.com) is a global enabler of payments (money, airtime, coupons) along with digital content (photos, videos, audio, messages) through social networks and messaging platforms, enabling secure and cost-effective transactions domestically and internationally.

For further information:

MySQUAR Limited

Eric Schaer (Chief Executive) Tel: +65 6818 6089

Pham Dang Hung (CFO)

SP Angel Corporate Finance LLP Tel: +44 (0) 2034 700 470

Nominated Adviser

Stuart Gledhill

Jeff Keating

Beaufort Securities Limited Tel: +44 (0) 2073 828 300

Broker

Jon Belliss

Elliot Hance

Public Relations

Damien McCrsytal Tel: +44 (0) 7816 770 758

-Ends-