Mysquar Regulatory News (MYSQ)

28 July 2017

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

Statement re Media Speculation

MySQUAR, the Myanmar-language social media, entertainment and payments platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, notes the recent media speculation regarding a potential fundraise and can confirm that a placing is in the process of being arranged.

As previously notified, the Company achieved run rate operational break even at the end of June and does not expect to require additional funds for ongoing operations. The Company notes that as at 30 June 2017 it had unaudited cash in excess of USD 700,000 and is therefore comfortable with its current cash position.

The Company continues to evaluate additional monetisation opportunities and is therefore considering a strategic capital raise, the proceeds of which would be used towards establishing MySQUAR's own mobile payments platform within Myanmar. This will include creating digital wallet services and a mobile payment application processing peer-to-peer (P2P) and person-to-merchant (P2M) transactions for the Myanmar market.

The Company is also considering raising funds to be used to evaluate potential acquisitions and strategic investments in order to accelerate the growth of MySQUAR's product lines.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

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