Mysquare : MySQUAR Registered Users and Reporting Update

(22.11.2017)

MySQUAR Limited ('MySQUAR' or the 'Company')

MySQUAR Registered Users and Reporting Update

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 pleased to announce that as of 31 October 2017, the total number of registered users across all apps and games exceeded 20 million.

This compares with the 12 January 2017 figure of 7.5 million total registered users which was announced on 16 January 2017. Registered users are individuals who have downloaded a game or an app and have subsequently created a user account, (individual users therefore have the potential to register more than one user account across MySQUAR's products). The number of registered users excludes the Mingalarbar Morning news aggregator which has had improving website traffic as monitored by Google Analytics and is on track to receive about 1.2 million page views this month. The Company attributes the increase in registered users achieved since January to the appeal of the freemium model across its games and apps combined with an increase in brand awareness.

Reporting update

The Company wishes to inform investors that going forward it expects to provide revenue and monetisation updates in line with the Company's interim and annual financial reporting calendar. The Company may also make update announcements when certain important milestones are achieved or when otherwise required to in accordance with its regulatory disclosure obligations. The Company notes that previous revenue milestone updates had been provided in respect of expectations relating to the Company's performance against certain milestone conditions originally set out as part of a prior issue of convertible loan notes, notwithstanding that the loan note facility was subsequently terminated.

MySQUAR's CEO, Eric Schaer, said: 'The increase in registered user accounts to more than 20 million in less than a year has exceeded our expectations. Since January 2017, MySQUAR has further diversified its offerings by adding premium features to existing products, launching new apps and releasing new casual and hardcore mobiles games which has attracted new users. We are happy with our current range of products and will focus our efforts on strengthening our existing platform. The Company continues to focus on monetisation and revenue as indicators of growth and will look to provide future revenue updates in line with interim and annual financial reporting requirements.'

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

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