Draw down on short term loan

16 June 2016

MoneySwap plc

("MoneySwap" or the "Company")

Draw down on short term loan

MoneySwap (AIM: SWAP), the provider of payment solutions to online and point of sale merchants licensed for UnionPay in the UK and the provider for UnionPay MoneyExpress service enabling overseas persons to send funds directly to UnionPay cardholders in China, today announces that it has drawn down the final USD 40,000 under the loan facility from Changsha Zhangdian Investment Company Limited (the "Lender"), further details of which were announced by the Company on 9 May 2016. The Company has now drawn down the full USD 200,000 available under the facility from the Lender.

The monies received by the Company will be applied principally in meeting the various legal and regulatory costs associated with completing a more substantial fundraising, as detailed in the Company's announcement on 9 May 2016.

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About MoneySwap (www.moneyswap.com)

MoneySwap provides payment solutions and gateways to merchants, which allow both online and point of sale transactions to be settled using UnionPay cards in the UK. In addition, UnionPay has licensed MoneySwap for its MoneyExpress service, which enables overseas persons to send funds directly to UnionPay cardholders in China. The Company also offers an online peer-to-peer platform for currency exchange and payments. The Company's shares are traded on the London Stock Exchange's AIM market (AIM: SWAP). More information can be found at www.moneyswap.com.