Fundraise of £2 million to Support Acquisitions

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For Immediate Release

21 April 2016

Falcon Acquisitions Limited

("Falcon" or the "Company")

Secondary Fundraise of £2 million to Support Acquisition Activities in the OTT Market

Falcon, the LSE listed investment company, is pleased to announce it has successfully raised £2 million by way of a subscription ("the Subscription") by new and existing investors for 10,000,000 Ordinary Shares of £0.01 each ("Shares") at a price of £0.20 per share. The Company will use the combined proceeds from the Subscription and its initial fundraise of £1.95 million (before costs) to support its acquisition strategy and pursue opportunities in the rapidly growing Over-The-Top ("OTT") market.

Following its admission to trading on the London Stock Exchange on 18 January 2016, Falcon has focused on capitalising on the management team's extensive experience and strong investor appetite in order to acquire a controlling stake in an innovative asset within the burgeoning OTT market. With strong growth projected for the OTT market, Falcon will use the collective proceeds from these financings to continue the process of identifying and securing an initial acquisition within this attractive and emerging industry.

Falcon's Executive Chairman, Gert Rieder, said: "We have made a very positive start to the year as we continue to pursue opportunities within the billion dollar OTT market, which we believe is at the precipice of transforming the way we access media content. With this in mind, we are delighted to have successfully secured further funding as we continue to identify and assess prime assets. Our focus now is to identify and secure the foundation that will enable us to build a scalable business through which we can generate significant returns for our shareholders."

Details of the Secondary Fundraise

As referred to in the Prospectus published on Falcon's IPO on the London Stock Exchange on 18 January 2016 the Company planned to undertake a Secondary Fundraising to raise between £1,500,000 and £2,000,000 through the issue of up to 20,000,000 Shares at a price of between £0.10 and £0.30 per Share.

Falcon has successfully raised £2 million by way of a Subscription by new and existing investors for 10,000,000 Shares at a price of £0.20 per share. Commission of 5% will be paid to introducers.

Application will be made for the Shares to be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities. It is expected Admission will become effective and that unconditional dealings will commence on the London Stock Exchange at 8.00 a.m. on 27 April 2016.

Following this allotment, the total number of ordinary shares with a nominal value of £0.01 each in issue and the total number of voting rights in the Company is 30,375,100. There are no shares held in treasury. The figure of 30,375,100 Shares and voting rights may be used by shareholders in the Company as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

**ENDS**

For more information visit www.falconacquisitions.com or enquire to: