Direction Notices

25 June 2018

MySQUAR Limited 

("MySQUAR" or the "Company") 

Direction Notices

The Board of 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, announces that, following enquiries made in accordance with its articles of association (a copy of which is available on the Company's website) to ascertain the ownership interest of certain shareholders, the Company has today issued direction notices to certain registered holders of depositary interests representing an aggregate 122,193,130 ordinary shares in the Company (approximately 14.45 per cent of the issued share capital following admission of the MyPay consideration shares) ("Restricted Holders") restricting each of them from voting in person or by proxy at a general meeting of the Company effective immediately.

The Restricted Holders have, to date, not adequately responded to disclosure notices previously sent by the Company and the restrictions set out above are expected to remain in force until such time as these shareholders are able to provide satisfactory responses.

Following the issue of the direction notices the Company confirms that

1. MySQUAR's issued share capital, following the Admission of the MyPay consideration shares as announced on 20 June 2018, comprises of 845,872,653 ordinary shares of no par value each with one vote, none of which are held in treasury,

2. The total number of current voting rights in MySQUAR is 723,679,523. This figure may be used by shareholders (and others with notification obligations) as the denominator for the calculation by which they may determine, if required, their interest in, or a change to their interest in, MySQUAR under the FCA's Disclosure and Transparency Rules.

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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