Issue of Equity/Exercise of Warrants

MySQUAR Limited ("MySQUAR" or the "Company")

Exercise of Warrants 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, has received a notice of exercise in respect of certain warrants to subscribe for 650,000 new ordinary shares of no par value in the capital of the Company (the "Warrant Shares") at a price of 3.5 pence per Warrant Share. In aggregate, the exercise of these warrants amounts to a cash subscription of approximately £22,750.

Accordingly, application has been made for the Warrant Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings will commence on or about 3 November 2016. Following Admission, the Company's total issued capital will consist of 209,485,285 ordinary shares. As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company 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 share capital of the Company following Admission.

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