Update regarding VoIP service

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

Update regarding VoIP service

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, is delighted to announce that it has entered into a VoIP technology licensing agreement with M800 Limited ("M800"), the Hong Kong-based communication service and technology provider.

Under the agreement, M800 will license its VoIP technology to MySQUAR which will be integrated into MySQUAR's VoIP services business. Under the terms of the agreement MySQUAR will pay up front license fees followed by a monthly license fee per active user.

MySQUAR plans to release VoIP services, which will offer both on-net calls (app to app) and off-net calls (app to mobile phones and landlines), by the end of December 2016. The services will target the Myanmar market and also South East Asia countries, such as Thailand, Singapore, and Malaysia, where many Myanmar people live.

To support the VoIP business as well as other MySQUAR services, such as the gaming business, in engaging with Myanmar people living overseas, MySQUAR has also entered into an agreement for payment services with Fortumo OÜ ("Fortumo"), the global payment service provider of direct carrier billing. Fortumo's services will allow users of MySQUAR's apps, based anywhere in the 96 markets where Fortumo has operations, to make payment via carrier billing. The agreement with Fortumo will operate on a revenue share basis.

Eric Schaer, CEO of MySQUAR, said: "I am very pleased that the VoIP services are so close to release. As we plan to offer bundle-pricing for the on-net and off-net calls, we believe Myanmar people will find it very economic to use our VoIP services for their daily communication, particularly for international calls.

"The partnership with Fortumo will help MySQUAR's services expand beyond just Myanmar. With Fortumo's carrier billing solutions, our games, VoIP services, and others, can tap into the extensive Myanmar diaspora living overseas. "

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