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*) Amount of new first time registered subscribers. This includes basic subscribers (those who get free access to limited content) and paying premium subscribers.
**) Share of new subscribers who pay for either a 1-day or 30-day subscription. It shall be noted that different trial periods is offered depending on geographical market.
***) Including 1-day and 30-day subscriptions. Note that subscribers can have purchased more than one-day pass during the period. The number includes both new and recurring subscribers. Subsequent reconciliation of sales through mobile operators API's are made quarterly.

Sales for Mavshack Movies amounted to 207,515 subscriptions in May. At the end of May, a new collaboration was also initiated with Ooredoo, the operator in Oman and Kuwait. We continue to actively work for optimal market collaboration with all of our operators.

In accordance with the last month's letter, we have continued to expand the company's revenue opportunities. Mavshack Development will be renamed 24hTech, in conjunction with the name change, the new website www.24htech.com will also be launched. Through the website, existing resources within our competence areas will be marketed to create opportunities for more external customer relations. In May, a first contract was signed, which is expected to generate an annual income of approximately SEK 1.2 million.

On June 3rd, Mavshack's first hackathon event was performed under the name MAV_HACK 1.0. Engaged and development-oriented talents (from, among others, the Royal Institute of Technology) were invited to develop Mavshack's business. In our hackathon there was a competition and the winning team developed Augmented Reality (AR) services. We thank all participants and look forward to working on current inputs. Next hackathon will be carried out after the summer, date will be announced later.