Launch of Yoonic platform in the UK

SyQic plc

("SyQic", the "Company" or the "Group")

Launch of Yoonic platform in the UK

SyQic plc (AIM:SYQ), a fast growing OTT provider of live TV and on-demand paid video content across mobile and internet enabled consumer devices, today announces the phase one launch of its Yoonic OTT ("Over The Top") model in the United Kingdom, as outlined by the Company at the time of its successful admission to AIM on 4 December 2013.

The Yoonic OTT model has initially been made available to university students in the UK in order to capitalise on this responsive user base and ascertain feedback in order to refine the platform ahead of the phase two launch to the whole of the UK by the end of the first quarter of 2014. The logic behind the phased launch is to ensure SyQic can perfect the Yoonic OTT platform and make available the best possible product for the UK mass market.

The phased UK launch of the Yoonic OTT model will present SyQic with the opportunity to exponentially grow the Company's potential customer base through analysis of the infrastructure and customer feedback. Subscriptions to Yoonic will no longer be reliant on a relationship with telecoms companies as customers will be able to sign up to the platform through the Group's online payment platforms rather than through a telecoms company subscription. The refinement process resulting from infrastructure analysis and user feedback in the UK will also provide the Company with the opportunity to make SyQic's content available across more devices in the UK, further increasing Yoonic's appeal to potential customers.

Commenting on the UK launch of Yoonic, Jamal Hassim, Group Chief Executive Officer of SyQic, said: "SyQic is delighted to have launched Yoonic to universities in the UK as part of a phased launch strategy. We will use customer feedback to refine the product ahead of Yoonic's second phase of its launch to the UK mass market in February 2014. The Company will update the market on its results for the year ending 31 December 2013 by way of a trading update in early 2014."

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Notes to Editors:

SyQic is a fast growing OTT (Over The Top) provider of live TV and on-demand paid video content across mobile internet-enabled consumer electronics devices such as mobile phones and tablets through its "Yoonic" platform. Yoonic has efficient mobile video streaming as its core offering and allows for close to high definition streaming, utilising adaptive bit-rate streaming technology that matches the available bandwidth through the Group's proprietary encoding methodology, and can stream as low as 80kbps.

The Group has access to over 20,000 titles of online video-on-demand content as well as over 70 live television feeds comprising English language based content and native language content for a number of 'home markets' in Asia and their international migrant communities. The content is delivered through SyQic's platform via a number of channels in the movies, drama, music, sports, news, lifestyle and general entertainment genres.

The Group, which is incorporated in Jersey and headquartered in the UK, already has a significant service footprint in the Philippines, Indonesia and Malaysia and near term launches are planned for the UK (before the end of 2013), followed by mainland Europe, Indochina, Myanmar, Singapore, Pakistan and Bangladesh with a planned launch of the Group's service in the US over the next 18 months.