Post-close trading update; Investor Q&A facility

6 August 2020

Mobile Streams plc

("MOS" or "the Company")

Post-close trading update; Investor Q&A facility

The year to 30 June 2020 saw significant change for your Company, with a new Board and Senior Management team, new advisers, placings in November, April and May, and the launch of the Streams data intelligence business. The Company has progressed from a state of near collapse with plans to de-list last September to being well funded and with clear, positive growth plans driven by its new leadership team.

Trading results to 30 June 2020

Content Business

Unaudited management accounts show that revenues from the legacy mobile content business declined from £1,335k in 2019 to approximately £470k, with net revenues after payments to carriers declining from £501k to approximately £110k. Despite these expected results, largely due to lack of investment in previous years, the Company retains long established relationships with several leading carriers and is reviewing whether to make additional investment in the content business. The Company made significant cuts to its cost base and therefore, despite the significant drop in both revenues and contribution from the content business, it expects to report an overall EBITDA loss for the existing business (ie after all Group costs other than those of the Data Business as described below) similar to the £666k reported for 2019.

Data Business

As previously announced, the Company's 'Streams' platform and services were launched in April, with the first commercial agreement signed with the National Emergencies Trust ("NET") in April, and two further clients (Orckid, a digital product and brand development agency within the Selbey Anderson Group and the Education division of The Economist Group) signed in June. Given the timing of the launch, Streams revenues in the year to 30 June only included those generated by the NET contract in that month, and represented roughly 2% of the Group's £480k 2020 revenue. Encouragingly, in June 2020 whilst Content Business revenue remained stable, revenues from the Data Business represented 20% of gross Group revenue. Revenues from the Data Business are expected to grow significantly in the current year.

In July the Company launched the Streams SaaS ("Software as a Service") insight platform (the "SaaS Platform") to enable customers to sign up for a customer driven, digital marketing tool providing many of the features available under the Company's existing Streams platform. The Company has signed up over 30 initial customers for the SaaS Platform, who will typically receive their first month free and it is hoped that many will then will convert to monthly subscriptions.

The Company aims to release its full audited report and accounts for the year to 30 June in October 2020.

Investor Q&A facility

The Company intends to launch a facility on the website enabling investors to ask questions, which the Company will respond to, provided that the questions are appropriate and do not require the release of unpublished price sensitive or commercially confidential information.

Below are answers to some questions which have been raised recently:

Salaries - all of the Directors and the Senior Managers who joined in November 2019 are on the same salary of £30,000 per annum. As previously announced, payment of these salaries are being deferred and will be paid in Ordinary Shares, subject to deduction and payment of all necessary taxes. To defer the cash costs (principally National Insurance and PAYE taxes) to the Company it has been agreed that the issue of these Ordinary Shares will be deferred until the interim results to 31 December 2020 are issued in early 2021, at 0.08p per share, the price of the Placing announced on 30 March. There are no plans to review these salaries prior to the above proposed payment in early 2021.

Cash - cash is currently £1.26m which, based on the current business plan, is expected to be sufficient to last beyond the end of the current financial year.

Nigel Burton, Chairman, commented "Despite the disruption caused by the effects of the Covid-19 pandemic, we have continued to support the existing mobile content business whilst engaging with both existing and potential new clients to expand the Company's Streams data insight and intelligence platform. The recently announced launch of the SaaS self-service platform is expected to generate additional revenues before the end of 2020. The Board and Senior Managers are all being remunerated in shares which will not be issued until 2021, conserving cash and providing strong alignment with shareholders. Our existing cash balances of £1.26m provide sufficient funds to cover all expected costs beyond the end of the current financial year as well as to support the expansion of the product, marketing and sales pipeline for both the content and data businesses."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information, please contact:

Mobile Streams plc

Nigel Burton, Chairman

+44 77 8523 4447

www.mobilestreams.com

Beaumont Cornish (Nominated Adviser)

James Biddle and Roland Cornish

+44 (0) 20 7628 3396

Peterhouse Capital Limited (Broker)

Lucy Williams, Duncan Vasey and Eran Zucker

+44 (0) 20 7469 0930