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2016-02-22

Mycab: Interim Report 1st January 2015 - 31 December 2015

INTERIM REPORT 1ST JANUARY 2015 - 31 DECEMBER 2015

* Sportgate International chooses Mycab
* TMCs, via Amadeus, deployed in Sweden
* Mycab available in 63 countries at year end

CEO HIGHLIGHTS
In fourth quarter Mycab divested its 50% share in TPSS (Taxi Public Service
Sweden) to Flygtaxi AB at book value. TPSS was the former holder of the
Swedish Governmental agreement, which was renewed and awarded entirely to
Mycab in second quarter 2015.

Mycab is not consolidating TPSS sales, for 2015, because of the divestment,
which explains the sharp drop in sales, which amounted to KEUR 4 823 (8
164) for the fourth quarter. For comparison the sales including TPSS
amounted to KEUR 8 613 (8 164).

The governmental agreement is worth 16 Million Euros per annum and
comprises domestic ground transportation services for all governmental
entities in Sweden. The agreement spans over two years, with a conditional
extension of additional two years.

We are excited to announce that Sportgate International, an international
event management and sports marketing agency has partnered with Mycab as
the preferred transportation service during their London event, Chestertons
Polo in the Park. With this partnership, Sportgate International becomes
the FIRST international events company to partner with Mycab for
Chestertons Polo in the Park, which means everyone involved can rely on
Mycab to get them to the event at the right time, on time, all the time.

Mycab deployed its first TMC over Amadeus channel in Sweden at the end of
the fourth quarter 2015. We expect to deploy the remaining TMCs, on the
Swedish market, during Mars and April 2016. Distribution via TMCs is
essential for Mycab since the TMC channel is expected to comprise
approximately 60% of total sales related to the Governmental agreement.

A TMC (or Travel Management Company) is a business travel agent that
manages an organization's business travel requirements. In addition to
making reservations, a TMC is also offering control and visibility of their
customers business travel spend.

At the end of the fourth quarter 2015, Mycab products are available in 63
countries where international clients appreciate Mycab's products,
especially Mycab's "Reliability" and "Availability", which is also the most
salient and differentiating feature when comparing Mycab with existing
global competitors.

FINANCIAL CALENDER
Publishing of next financial report
2016-05-16 - FIRST QUARTER REPORT 2016

For the complete report see attached document.

Jodat Nadeem
Chairman

Angela Nickel
Member of the board

Roger Blomquist
Member of the board and CEO

The following documents can be retrieved from beQuoted
Mycab Year end Report 2015.pdf

About Mycab
Mycab International SA is the holding company for Mycab? Group operating
the business domain of global travel industry. Mycab? Group business idea
is to elevate the traditional taxi journey to a full-fledged travel product
that provides business travelers with a quality assured, simplified and
more cost effective travel. Being first in the global market, with a
uniform taxi concept, Mycab? enjoys the "First Mover" status in the
business domain

Författare BEQ

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