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Tap Global Group Plc
Tap Global Group Plc - Commercial Agreement with Tap N Go To Launch XTP Cashback Programme
1st July 2024, 06:00
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1 July 2024

Tap Global Group Plc

("Tap Group" or the "Company")

Commercial Agreement with Tap N Go To Launch XTP Cashback Programme

New customer incentive programme to drive customer and revenue growth

Tap Global Group Plc (AQUIS: TAP), the FinTech company bridging the gap between
traditional finance and blockchain technology, announces a commercial agreement
between Tap N Go Limited ("Tap N Go") and the Company's wholly owned subsidiary,
Tap Global Limited ("Tap Global"), for the launch of an XTP cashback programme.
XTP is a token available for trading via Tap Global's exchange services.

Highlights:

  · Enables the launch of a programme that will allow customers to receive XTP
cashback following purchases made with a Tap Mastercard
  · XTP tokens will be supplied to Tap Global from XTP existing reserves
  · Cashback model is expected to drive customer acquisition and revenue from
card spend while enhancing the utility of XTP
  · Programme deepens the integration of cryptocurrency in everyday financial
transactions and increases the volume of XTP in the cryptocurrency ecosystem
  · XTP brought directly into the overall TAP ecosystem for the considerable
benefit of our customers and wider shareholders

Tap Global has launched an XTP cashback programme that allows its registered
user base, which currently stands at over 350,000 individuals globally, to earn
rewards in XTP tokens when they make purchases using the Tap Mastercard. Tap
Global users will receive the XTP cashback reward directly into their Tap app
accounts.

Tap N Go will supply Tap Global with XTP tokens at no upfront cost to Tap Global
as the supply of XTP is integral to Tap N Go's strategy of increasing the
token's utility as well as driving its mass adoption.

Users with a basic Tap app account will receive 0.5% cashback on transactions,
while customers with a Tap app premium account will have access to a wider range
of benefits, including special cashback rates of up to 8% as well as discounts
on fees when trading cryptocurrencies through Tap Global. New features and add
-ons will be launched in due course to enhance the primary service offering.
European customers will be able to access the tiered cashback programme subject
to the total value of the XTP staked by each user, while UK customers will be
able to access the cashback programme for an annual fee.

Arsen Torosian, CEO of Tap Global, commented:

"We are delighted to launch our new cashback model, which will see our customers
rewarded when they shop with our unique Tap Mastercard. This cashback reward
proposition provides an innovative product to our users who want to earn crypto
as they shop while simultaneously benefiting loyal XTP holders.

We anticipate that this incentive programme will drive further customer growth
and revenue from card spend. We look forward to building upon this programme in
the coming months to make our XTP cashback programme even more rewarding to our
customers."

Related Party Transaction

Arsen Torosian is considered a "Related Party" as defined under the Aquis Growth
Market Access Rulebook as a result of being a director and substantial
shareholder of Tap N Go. The transaction therefore constitutes a related party
transaction for the purposes of Rule 4.6 of the Aquis Growth Market Access
Rulebook.

The independent directors confirm that, having exercised reasonable care, skill
and diligence, the related party transaction is fair and reasonable insofar as
the shareholders of Tap Group are concerned.

The directors of the Company accept responsibility for the contents of this
announcement.

Enquiries:

Tap Global Group Plc               via Vigo Consulting
Arsen Torosian, Chief Executive
Officer
Peterhouse Capital Limited (Aquis  +44 (0)20 7220 9795
Growth Market Corporate Advisor)
Tennyson Securities (Broker)       +44 (0)20 7186 9030
Alan Howard
Vigo Consulting (Investor          +44 (0)20 7390 0230
Relations)
                                   tapglobal@vigoconsulting.com
Ben Simons
Kendall Hill
Peter Jacob

About Tap Global Group Plc

Tap Global Group Plc ("Tap Group") bridges the gap between traditional finance
and blockchain technology. It provides over 350,000 individual and business
customers with an innovative and fully integrated fiat payments and
cryptocurrency settlement service including access to several major
cryptocurrency exchanges. Through the Tap app, customers can trade up to 48
cryptocurrencies and store them directly in their customer wallet, while
benefiting from proprietary AI middleware for real-time best-execution and
pricing.

Tap Group's European business, Tap Global Limited, was the first cryptocurrency
FinTech company to be approved by Mastercard in Europe. Through the Tap card,
European users can convert their cryptocurrencies to fiat and spend at more than
37 million merchant locations worldwide.

Investor website: www.investor.tap.global

Tap Group's operating subsidiaries

Tap Global Limited serves the European customer base and is registered in
Gibraltar and licensed and regulated by the Gibraltar Financial Services
Commission under the DLT with licence No. 25532.

Tap Americas LLC serves the US customer base and is a limited liability company
organised under the laws of the state of Florida. Cryptocurrency services
provided by Zero Hash, a Chicago-based B2B2C crypto infrastructure platform.

Learn more: www.withtap.com

Follow us on social media:

LinkedIn: https://www.linkedin.com/company/tapglobal/

X (formerly Twitter): https://twitter.com/TapGlobalPlc

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