Statement re. Suspension

SyQic plc ("SyQic" or the "Company")

Statement re. suspension of trading in the Company's shares on AIM

The board of directors of SyQic announce that it has become apparent that the Company will not be in a position to publish its audited report and accounts for the year ended 31 December 2015 by 30 June 2016 in accordance with rule 19 of the AIM Rules for Companies. As a result, the Company's shares have been suspended from trading on AIM as of 7:30 a.m. today. The suspension will remain in place until the Company's audited report and accounts for the year ended 31 December 2015 have been published.

A further announcement will be made in due course.

Enquiries:

SyQic plc Tel: 020 7933 8780

David Cotterell, Chairman

Jamal Hassim, Chief Executive

Allenby Capital Limited Tel: 020 3328 5656

(Nominated Adviser & Broker)

Jeremy Porter/ John Depasquale

Walbrook Tel: 020 7933 8792

(Financial PR and IR Adviser)

Paul Cornelius