Syqic : PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

PublicOpeningPositionDisclosureByAPartyToAnOffer

4 May2016

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1and 8.2 of the Takeover Code (the "Code")

1. KEY INFORMATION

   (a) Full name of discloser:	MMV INVESTMENTS (HK)LIMITED AND JOHAN ROBB, MUHAMAD JAMAL BIN MUHAMAD HASSIM.
   (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust,the trustee(s}, sett/or and beneficiaries must be named.	MMV INVESTMENTS (HK)LIMITED AND JOHAN ROBB, MUHAMAD JAMAL BIN MUHAMAD HASSIM.
   (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offerorlofferee	SYQIC PLC
   (d)Is the discloser the offeror or the offeree?	OFFEROR
   (e) Date position held: The latest practicable date prior tothe disclosure	3 MAY2016
   (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is acash offer or possible cash offer, state "NIA"	N/A

2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

   If there are positions or rights to subscribe to disclose in more thanone classof relevantsecurities of the offeror or offeree named in1(c}, copy table 2(a) or (b) (as appropriate) for each additional classof relevantsecurity.

3. Interests and short positions inthe relevant securities of the offeror or offeree to which the disclosure relates

   Class of relevant security:	NO PAR VALUE ORDINARY SHARES
   Interests		Short positions
   Number	%	Number	%
   (1) Relevant securities owned and/or controlled:	8,838,940	32.86%	NONE	0
   (2) Cash-settled derivatives:	NONE	0	NONE	0
   (3) Stock-settled derivatives (including options) and agreements to purchase/selI:	NONE	0	NONE	0
   TOTAL:	8,838,940	32.86%	NONE	0

   All interests and all short positions should be disclosed

   Details of any open stock-settled derivative positions (including traded options), oragreements to purchase or sell relevantsecurities, should be given on aSupplemental Form 8 (OpenPositions).

   Details of any securities borrowing and lending positions orfinancial collateral arrangementsshould be disclosed ona Supplemental Form 8 (SBL).

4. Rights to subscribe for new securities

   Class of relevant security in relation to which subscription right exists:	NONE
   Details, including nature of the rights concerned and relevant percentages:	NONE

5. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

   Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

   VICKY LAW: 200,000 shares {0.74%).

   DICKYTJOKROSAPUTRO: 2,118,547 shares (7.88%)

   Details of any open stock-settled derivative positions (including tradedoptions),or agreementsto purchase or sell relevantsecurities, shouldbe given on aSupplemental Form 8 (Open Positions).

   Detailsof any securities borrowing and lending positions or financial collateral arrangements should be disclosed on aSupplemental Form 8(SBL).

6. OTHER INFORMATION

7. Indemnity and other dealing arrangements

   Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement todeal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert withit:

   Irrevocable commitmentsand letters ofintent should not be included.If there areno suchagreements, arrangements or understandings, state "none"

   NONR

8. Agreements, arrangements or understandings relating to options or derivatives

   Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to:

9. the voting rights of any relevant securities under any option; or

10. the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

11. If there are no such agreements,arrangements or understandings, state"none"

    NONR

12. Attachments

13. Are any Supplemental Forms attached?

    SupplementalForm 8(Open Positions)	NO
    SupplementalForm 8(SBL)	NO

    Date of disclosure:	4 May 2016
    Contact name:	Jamal Hassim
    Telephone number:	[phone]

    Public disclosuresunder Rule 8 of the Code must be madeto a RegulatoryInformation SeNiceand must also beemailed tothe Takeover Panel [e-mail]'s Market SuNeillance Unitis available forconsultation in relation tothe Code'sdisclosure requirements on+44 (0)20 7638 0129.

    The Code canbe viewed on the Panel'swebsite at www.thetakeoverpanel.orq.uk.