New HSBC Revolving Credit Facility

2 March 2017

Satellite Solutions Worldwide Group plc

("SSW" or the "Company")

New HSBC Revolving Credit Facility

Satellite Solutions Worldwide Group plc (AIM: SAT), the global communications company specialising in rural and last-mile broadband, announces it has signed a new five-year £5.0 million Revolving Credit Facility ("RCF") agreement with HSBC Bank plc ("HSBC"). The facility will be used by the Company to fund further acquisitions as it continues its roll up strategy in existing markets and expands into new territories.

Scott Wilson, Corporate Relationship Director at HSBC commented: "I am delighted that HSBC has had the opportunity to support Satellite Solutions with the financing they need for the next stage of their acquisitive growth strategy. I look forward to working with them closely as they continue to grow and achieve their business goals"

SAT CEO Andrew Walwyn said, "The investment of a global bank such as HSBC is a great vote of confidence in our acquisition strategy. Importantly, this agreement shows we can now leverage our increasingly strong balance sheet and scalable platform as we integrate new companies into our rapidly increasing user base. The facility will be utilised to help fund a number of new acquisitions that are currently being considered, and I look forward to updating the market with progress in due course."

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About SSW

Established in 2008, SSW specialises in the provision of rural and last mile broadband services with customers across 32 countries. SSW's solutions target B2C and B2B users, and the Company has products developed specifically for the broadcasting, Police and Military markets. SSW operates a number of brands such as Europasat (Europe), Breiband (Nordics) and SkyMesh (Australia) and is now the fourth largest independent provider of satellite broadband internet services in the world.

The 2015 listing on the London Stock Exchange together with the support from Business Growth Fund and investors in 2016 have put the Company in an excellent position to continue strong organic growth in its subscriber base and recurring revenues as well as execute on preferred acquisitions. The Directors believe there is a major opportunity to continue this organic growth and as appropriate consider acquisitions throughout the fragmented European satellite broadband market and further afield.

Working closely with satellite owners and operators, SSW targets customers in the 'digital divide' with solutions that deliver up to 30 Mbps satellite based broadband services or fixed wireless to almost any premises, whether residential, commercial or industrial across Europe and Australia, irrespective of location or local infrastructure.