Quint Digital Limited Via Its Wholly Owned Subsidiary Global Media Technologies Inc. Enters into A Binding Term Sheet with Cognita Ventures LLC to Set Up `Quintype Technologies Inc.' as A Joint Venture

Quint Digital Limited (the "Company"), via its wholly owned subsidiary Global Media Technologies Inc., has entered into a binding term Sheet with Cognita Ventures LLC ("Cognita") to set up `Quintype Technologies Inc.' as a Joint Venture. Upon completion of the transaction pursuant to the binding term sheet, the shareholding pattern of Quintype Technologies Inc. shall be as under: Global Media Technologies Inc. - 50% Shareholding and Cognita Ventures LLC - 50% Shareholding.

Global Media Technologies Inc. will invest an aggregate amount of USD 2.25 Million in Quintype Technologies Inc. in a combination of debt and equity.