Synchronica Plc : Statement re Possible Offer

FOR IMMEDIATE RELEASE

5 JANUARY 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION POSSIBLE OFFER FOR SYNCHRONICA PLC ("SYNCHRONICA") Clarification of Myriad press release dated 4 January 2012

The Board of Myriad Group AG (SIX: MYRN) ("Myriad") notes the announcement issued by Synchronica (AIM: SYNC) (TSX Venture: SYN) on 3 January 2012. Myriad confirms that it is in preliminary discussions with Synchronica regarding a potential transaction which may or may not lead to an offer being made for Synchronica. The potential acquisition would enhance Myriad's position as a global leader in mobile messaging software, serving (on a combined basis) more than 100 mobile operators and over 20 handset manufacturers, while delivering operating efficiencies through significant synergies. Synchronica's complementary technology added to Myriad's existing unrivalled portfolio would provide an additional opportunity for the combined organisation to drive growth. In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Code"), Myriad must, by not later than 5.00 p.m. on 31 January 2012, either announce a firm intention to make an offer for Synchronica in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.  This deadline will only be extended with the consent of The Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. On 4 January 2012 Myriad issued an announcement in accordance with Rule 2.10 of the Code. This announcement will be available on Myriad's website () on 5 January 2012 and the Synchronica's website (www.synchronica.com) by no later than 12 noon (London time) on 6 January 2012. This is an announcement falling under Rule 2.4 of the Code and does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the Code.  There can be no certainty that an offer will be made nor as to the terms on which any offer might be made.  A further announcement will be made in due course. For further information: Myriad Group AG James Bodha, Chief Financial Officer Tel: [phone] Richard Hornby, Investor Relations Kate Hamilton, General & Media Enquiries www.myriadgroup.com Zeus Capital Limited (Financial Adviser to Myriad) Richard Hughes Ross Andrews Tel:[phone] Nick Cowles Andrew Jones www.zeuscapital.co.uk

Disclosure requirements of the Takeover Code (the "Code")

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on [phone].

About Myriad Group AG

Myriad is chosen by leading OEMs and network service providers to power rich mobile social and web experiences - from the most basic to the smartest connected device through a single, scalable platform.

Today, over 2.5 billion mobile users rely on Myriad software. Myriad apps often provide users with their first taste of the Internet, and with our proven technology embedded in every Android device we are on target to help our partners power the next billion users.

We operate worldwide, with offices in Switzerland, France, UK, USA, Mexico, India, UAE, China, South Korea, Taiwan, Japan and Australia. Headquartered in Zurich Switzerland, Myriad is listed on the SIX Swiss Exchange (SIX Symbol: MYRN).

For more information please visit our website: . You can also follow us on twitter@MyriadGroup and view our YouTube Channel - YouTube.

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