Further re Subscription to raise US$6.0 million

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

20 July 2020

Myanmar Strategic Holdings Ltd.

("MSH" or the "Company")

Further re Subscription to raise US$6.0 million

Issuance of Shares and Total Voting Rights

Myanmar Strategic Holdings Ltd. (LSE: SHWE), the independent developer and operator of consumer businesses in Myanmar and Vietnam, is pleased to announce that, further to the announcement of 26 May 2020 and following the completion of the acquisition by MSH of WSE Vietnam, the 187,500 Subscription Shares in connection with the second tranche of the Subscription have been issued and allotted to the subscribers.

An application is expected to be made by the end of July 2020 for the 187,500 Subscription Shares to be listed on the standard segment of the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange's main market for listed securities ("Admission") and Admission is expected to occur in early August 2020.

The issuance of the 187,500 Subscription Shares relates to the second tranche of the Subscription to raise US$3.75 million at US$20 per share through the issue of 125,000 shares to A-Star-Education Holdings Pte. Ltd. ("A-Star") and 62,500 shares to MACAN Pte. Ltd. ("MACAN").

The Subscription Shares will rank, pari passu, in all respects with the existing ordinary shares of the Company, including the right to receive dividends and other distributions declared following their issue. The Subscription Shares represent 6.75% of the enlarged issued share capital of the Company.

Total Voting Rights

Following Admission, the Company will have a total of 2,778,041 Ordinary Shares in issue. The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Following the issue of the New Ordinary Shares, and to the best of the knowledge of the Company, the following notifiable positions of Ordinary Shares and holdings of Directors of the Company are as follows:

*MACAN is a company in which Enrico Cesenni, CEO of the Company, holds 26.1 per cent. of the issued share capital of the company and 35.1 per cent of the voting rights

** SEVIAN s.r.l. also holds 48.9 per cent. of the current issued share capital of MACAN

*** U Aung Myo Thein is a member of senior management team of MSH

Capitalised terms in this Announcement shall have the meanings given to such terms in the Company's announcement of 9:10 a.m. on 26 May 2020.

For more information please visit www.ms-holdings.com or contact:

Notes to editors

Myanmar Strategic Holdings Ltd.

Myanmar Strategic Holdings Ltd. (LSE: SHWE) is an independent developer and manager of consumer businesses in Myanmar and Vietnam, two of the fastest growing economies in the world. The Company's portfolio currently focuses on Education, Services and Hospitality with the view to expand within the broader consumer sector.

Education sector: the Company currently has exclusive development and franchising agreements with Wall Street English for ten English language centres across Myanmar over the course of the ten-year agreement. Two centres were opened in 2017, a third in August 2018, and a fourth in February 2020. As of April 2020, Wall Street English Myanmar served over 4,000 students since its inception.

In July 2020, the Company completed the acquisition of the Wall Street English business in Vietnam. Founded in 2013, the WSE Vietnam business operates through seven centres in Ho Chi Minh and Binh Dhuong serving over 6,000 students.  

The Company also operates a joint venture with Auston Institute of Management to develop and operate the Auston College Myanmar. The private school opened in May 2018 offering diplomas in Engineering Technology, Mechanical Engineering and Networking, Information Systems, and Security. English language learning is also provided by the Company's nearby Wall Street English centre. In February 2020, the Company announced a partnership with Liverpool John Moores University to provide high quality engineering training programmes for young, working professionals in Myanmar, to be taught by Auston College Myanmar's teaching staff at its Junction Square complex in Yangon.

The Company launched its first private K-12 international school, the Yangon American International School in Yangon, in August 2019.

Services sector: through its acquisition of EXERA, the Company offers security, risk management and secure logistics services, including cash-in-transit. Founded in 2013, EXERA employs approximately 1,300 well-trained and high-quality security officers making it one of the largest security services providers in Myanmar.

Hospitality sector: through its portfolio, the Company currently manages over 470 beds across four boutique hotels in three core tourist locations across Myanmar, operating under the award winning Ostello Bello budget hospitality brand. MSH operates an asset light strategy, entering into long-term operating and management agreements with local hotel owners.

Myanmar was one of the fastest growing economies in Asia in 2017-2019 (Source: Asian Development Bank). In 2020 and 2021, its annual GDP growth is expected to be respectively 2% and 6% (Source: Asian Development Bank).  

MSH is well positioned to provide investors early exposure to Myanmar's strong economic fundamentals enhanced by ASEAN's wider growth prospects. 

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