SWAP.L Regulatory News (SWAP)

20 April 2017

 MoneySwap plc

("MoneySwap" or the "Company")

Result of EGM

MoneySwap announces that at the extraordinary general meeting of the Company (the "EGM"), held earlier today, all the resolutions proposed were duly passed. The resolutions were set out in a circular posted to the Company's shareholders on 29 March 2017.

Certain resolutions proposed at the EGM were to approve the subscription by Wraith Holding B.V. ("Wraith") for new ordinary shares of 0.1p each in the Company (the "New Ordinary Shares") to raise approximately £2.44 million (the "Subscription"). Following the passing of the resolutions at the EGM and the waiver (subject to the cancellation of the Company's existing ordinary shares from trading on AIM ("Cancellation")) of certain conditions of the Subscription by Wraith, as announced on 13 April 2017, the only outstanding conditions to the Subscription (assuming that Cancellation occurs) are:

(i) the provision by the United Kingdom Financial Conduct Authority of a letter of no objection to the changes in qualifying holding in the Company's subsidiary, MoneySwap Limited;

(ii) there having been no breach of certain warranties contained in the Subscription Agreement and no material adverse change in the financial markets; and

(iii) there has been no material adverse change in any major financial market in the US, the UK, Hong Kong or the EU.

As announced by the Company on 13 April 2017, the Board of MoneySwap, in consultation with Wraith, considers that the Company should seek Cancellation. The Company and Wraith do not anticipate that completion of the Subscription will occur until Cancellation has become effective. The Company will shortly be posting to shareholders a circular giving further details on the proposed Cancellation and containing a notice of a further extraordinary meeting (the "Cancellation EGM") to approve the Cancellation, in accordance with Rule 41 of the AIM Rules for Companies.

Further details will be provided in due course.

For further information, please contact: