Mr. Andre Itwaru reports

FIRST GLOBAL SIGNS MOU FOR LARGE SCALE CHINA OUTREACH OPPORTUNITY

First Global Data Ltd. has signed a memorandum of understanding for an opportunity to access a large user base that consists of approximately 100 million loyalty card users and approximately 500,000 retail locations across China. In addition, the company will have access to approximately 100 million high school students through a Chinese association.

The nature of these dealings is highly confidential and accordingly the company is not able to disclose the specific names of the companies involved at this time, though will do so as these initiatives are deployed. The company is sensitive to not compromising the dealings at this stage.

Andre Itwaru, First Global's chairman and chief executive officer, added: "The China trip was extremely successful and it was gratifying to see that there is a high demand for our technology, services and capabilities. This is the first of a number of opportunities we are able to share at this time. The financial technology market in China has no equal on the global stage and we are capitalizing on the large user base of the largest Chinese enterprises as it relates to the use of our fintech technology."

About First Global Data Ltd.

First Global is an international financial services technology company. The company's two main lines of business are mobile payments and cross-border payments.

We seek Safe Harbor.