Completion of acquisition of MXC Holdings Limited

MXC Capital Limited ("MXC" or the "Company")

Completion of the acquisition of MXC Holdings Limited ("Holdings")

Further to the announcement made by the Company on 24 September 2015 relating to the completion of the acquisition of Holdings (the "Acquisition") and issue of 1,649,089,816 new ordinary shares (being the "MXC Capital Consideration Shares") to the selling shareholders of Holdings as consideration for the Acquisition, MXC confirms today that 1,049,098,816 ordinary shares in the Company, being the interest in MXC of Holdings (the "Holdings Interest"), have been converted into unlisted B Shares. The B Shares do not hold any exercisable voting rights.

As per the announcement made on 24 September 2015, the total number of exercisable voting rights in the Company will be 3,165,350,992 which figure 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 Company.

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About MXC Capital

MXC is a specialist merchant bank with a track record of investing in and advising companies in the TMT sector. We bring together a deep knowledge of technology, first-hand experience of managing companies in the sector, an ability to make meaningful investments and a highly experienced corporate advisory team in support, all of which we combine to grow shareholder value.