Iplayco : Shareholders Approve Plan of Arrangement

(via TheNewswire)

Langley, BC - TheNewswire - December 18, 2019 -Iplayco Corporation Limited (TSXV:IPC) ("Iplayco" or the "Corporation") is pleased to announce that the shareholders of the Corporation have approved the plan of arrangement (the "Arrangement") (see October 31, 2019 news release) involving the Corporation, its shareholders and TSL888 Investments, Inc. ("TSL") at the special meeting of shareholders held earlier today (the "Meeting"), and as further described in the management information circular of the Corporation dated November 12, 2019.

Under the Arrangement, the Iplayco shareholders will receive Cdn$0.50 in cash per common share (each, an "Iplayco Share") held by them from TSL. Upon completion of the Arrangement, Iplayco will become a wholly owned subsidiary of TSL. Sharlene Faye Lim and Ivy Michelle Lim, who control TSL, have guaranteed TSL's obligations under the Arrangement.

Iplayco'sapplicationto the Court of Queen's Bench of Alberta (the "Court") to obtain the final order approving the Arrangement is scheduled for December 20, 2019. Assuming Court approval is obtained and that all other conditions to the Arrangement are satisfied or waived, the plan of arrangement is expected to become effective on or about December 23, 2019.

The TSX Venture Exchange has conditionally approved the Arrangement. The de-listing of Iplayco shares isexpectedto occur at the close of trading on December 24, 2019.

About Iplayco Corporation Limited

Iplayco is a leading manufacturer of premium-quality, fun, safe and durable indoor playgrounds for children. In its 20-year history, Iplayco has supplied playgrounds to over 60 countries worldwide. For more information, please visit www.iplaycoltd.com

About TSL888 Investments, Inc.

TSL888 Investments, Inc. is affiliated with LTS Pinnacle Holdings, Inc. ("LTS"), a family owned retail and real estate conglomerate based in the Philippines. LTS owns and operates seven shopping malls with over 2.2 million square feet of retail space, attracting over 40 million visitors annually. It also owns and operates 31 supermarkets, 30 department and hardware stores, 51 pharmacies and over two dozen other retail businesses throughout the Philippines. For more information, please visit www.nccc.com.ph

For more information, please contact:

Iplayco Corporation Limited
Max Liszkowski
Chief Financial Officer and Director
1-604-607-1111
[e-mail]

Cautionary & Forward-Looking Statements

This release contains forward-looking statements.All statements other than statements of present or historical fact are forward-looking statements, including statements regarding the completion of the Arrangement, anticipated receipt of the approval of the Court and expected date of de-listing of the Iplayco Shares. Forward-looking statements include words or expressions such as "proposed", "will", "subject to", "nearfuture", "in the event", "would", "expect", "prepared to" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political and social uncertainties; the state of capital markets and risks that may impact Iplayco's business, operations and financial condition. Although Iplayco believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Iplayco can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Additional information on these and other factors that could affect Iplayco's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). We disclaim any obligation to update or revise these forward-looking statements, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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