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2016-02-26

Mavshack: Mavshack appoints Rainier David as CEO

MAVSHACK APPOINTS RAINIER DAVID AS CEO

The Board of Directors for Mavshack AB (publ), listed on Nasdaq First
North, has today appointed the President of subsidiary Ambientmedia,
Rainier David, as CEO for the Mavshack Group. Through his work at
Ambientmedia he has among other things played a vital role in negotiating
and securing new Filipino content agreements.

"I am pleased with the changes we managed to implement during my time as
CEO. Even though we've managed to achieve a lot, I have come to realize the
need for a CEO with a stronger presence in the Philippines and better
understanding for the cultural behavior amongst the Filipino diaspora.
Since we have this expertise within our group, the Board has concluded that
our Philippine subsidiary Chief Executive Rainier is best suited to take
over as CEO. I am convinced that I am today leaving the company in good
hands," says Anders Lindén.

Rainier David is currently President of the subsidiary Ambientmedia and a
member of Mavshacks Board of Directors. Rainier is a lawyer and has over
twenty years of professional legal and business experience. He has held
several senior managerial roles, served as general counsel and as a
director. His areas of expertise in international business transactions is
in information technology, telecommunications, content development and
outsourcing services.

February 26, 2016

For more information please contact:
Chairman of the Board, Tobias Fridman +46 12451790
CEO, Rainier David, Phone +46 12451790

The following documents can be retrieved from beQuoted
Mavshack Pressrelease 2016-02-26 English.pdf

About Mavshack AB
Mavshack operates a global Internet TV services with Asian entertainment.
The service, which is available through Internet connected devices, is
genuinely global with users in over 80 countries. With the largest library
of Filipino and Indian titles, as well as agreements with Asia's leading
content providers, Mavshack is the obvious choice for Asian entertainment
around the world. The company operates its business on a proprietary
technology platform.

Mavshack AB (publ) is a publicly traded company listed on Nasdaq First
North under the ticker MAV. Certified adviser is Erik Penser Limited. More
information about the company is available at

Författare BEQ

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