Ann: PGAS Project Update, page-2

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13 November 2017

TV2U CONFIRMS FIRST REVENUE RECEIVED AS IT PREPAIRS FOR INDONESIAN LAUNCH

TV2U International Limited (TV2U), a global provider of OTT media services, today announces receipt of its first revenue from its strategic partnership with the Indonesian-government owned telecommunications provider PT. PGAS Telekomunikasi Nusantara (PGAS) a subsidiary of PGN. PGAS has issued TV2U a Purchase Order and paid a deposit for hardware and installation costs previously announced on 23 June 2017 with the balance due in December. TV2U received this first revenue as it starts deployment at PGASCOM’s datacenter to deliver OTT services to the region of Indonesia. "Our Indonesian launch has been a long time coming for TV2U and our shareholders" said Nick Fitzgerald TV2U’s CEO and Founder. ‘Today is not a new beginning but it is a defining moment in our history as we move towards a strong reoccurring revenue base that will be the foundation on which to grow the future vision of the company”. Figure 1- Jakarta Workshop with our Partners TV2U, PT. PGASCOM and SMARTFREN, who will be the first Operator to launch service in Indonesia, have also just completed a technology and marketing workshop in Jakarta (Figure 1). “This meeting of the partners validated a clear visualization of the future of internet television consumption in Indonesia. Today’s viewers not only expect a personalized viewing experience, they also expect to watch what they want to watch which is a variety of content from Movies to TV Series, News and Sports. This is something that none of the current On-Demand business models in Indonesia can offer today – it’s not all about binge watching. TV2U is bringing Indonesia a mix of premium live and local content, covering all genres including high end sports packages plus an on-demand experience and at a competitive market price” Said Achsan Al Alam TV2U’s Indonesian Country Manager.