Exercise of Convertible Bonds and Issue of Equity

5 July 2018

MySQUAR Limited 

("MySQUAR" or the "Company") 

Exercise of Convertible Bonds and Issue of Equity

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, pursuant to the convertible bond issuance on 20 June 2018, the Company has received a notice of conversion in respect of £200,000 convertible bonds into 18,473,475 new ordinary shares of no par value in the capital of the Company ("Ordinary Shares") ("Conversion Shares") at a conversion price of approximately 1.08 pence per Conversion Share.

Application will be made for the Conversion Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. It is expected that admission will become effective and that trading in the Conversion Shares will commence on or around 11 July 2018 ("Admission").

In accordance with the Financial Conduct Authority's (FCA) Disclosure and Transparency Rules, the Company hereby announces that following Admission it will have 864,346,128 Ordinary Shares in issue, none of which are held in Treasury.

Following the issue of direction notices to certain registered holders of depositary interests representing an aggregate 122,193,130 ordinary shares in the Company (approximately 14.14 per cent of the issued share capital as enlarged following this conversion) restricting each of them from voting in person or by proxy at a general meeting of the Company as announced on 25 June 2018, the total number of current voting rights in MySQUAR is 742,152,998. 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.

Following the conversion, there is £2,022,222 of principle outstanding under the Convertible Bond facility.

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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