Media Matrix Worldwide provides update on wholly owned subsidiary

Shareholding of Media Matrix Worldwide in nexG Devices reduces to 51.02%

Media Matrix Worldwide announced that nexG Devices ("nexG"), a Wholly owned subsidiary of the Company has become subsidiary of the Company w.e.f. 23 December 2016 pursuant to preferential allotment made by the nexG to other Investor. Subsequent to aforesaid preferential allotment, the holding of the Company in nexG has been reduced from 100% to 51.02%.

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