RS2 Software Plc

AGM Information • May 13, 2015

RS2 Software p.l.c. COMPANY ANNOUNCEMENT

The following is a company announcement issued by RS2 Software p.l.c. pursuant to the Malta Financial Services Authority Listing Rules.

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Reference is made to the Company Announcement No. 81 issued on the 12 May 2015 whereby it was indicated that the shareholding of the members appearing on the register of members on the 8th May 2015 would be split at the ratio of two (2) shares for every one (1) share held. The aforementioned date should have read the "16th June 2015". The text of the relative resolution, as amended, is being hereunder reproduced in its entirety.

Any inconvenience is regretted.

EXTRAORDINARY RESOLUTION (SPECIAL BUSINESS)

1 Share Split

Resolution

• (a)That the authorised share capital of the Company currently consisting of ten million Euros (€10,000,000) and divided into fifty million (50,000,000) Ordinary Shares of twenty Euro cents each (€0.20) be re-designated to one hundred million (100,000,000) Ordinary Shares of ten Euro cents each (€0.10).
• (b)That pursuant to the change in nominal value of the authorised share capital of the Company as set forth in (a) above, the issued share capital of the Company currently standing at eight million nine hundred and ninety nine thousand nine hundred and ninety one Euros and twenty Euro cents (€ 8,999,991.20) and divided into forty four million nine hundred and ninety nine thousand nine hundred and fifty six (44,999,956) Ordinary Shares of twenty Euro cents (€0.20) each shall now be redesignated and divided into eighty nine million nine hundred and ninety nine thousand nine hundred and twelve (89,999,912) Ordinary shares of ten Euro cents (€0.10) each, and all eighty nine million nine hundred and ninety nine thousand nine hundred and twelve (89,999,912) Ordinary Shares shall be allotted proportionally to those members appearing on the register of members of the Company as at 16th June 2015 ("Eligible Members") at the ratio of two (2) shares for each one (1) share held by each of the Eligible Members.

2 Amendment of the Memorandum of Association

Resolution

That subject to and conditional upon the passing of Resolution 6 above, Clause 7 of the Memorandum of Association of the Company shall be replaced with the following:

"7. SHARE CAPITAL

a) The authorised share capital of the Company is ten million Euro (€10,000,000) divided into one hundred million (100,000,000) Ordinary Shares of ten Euro cents each (€0.10).

b) The issued share capital is of eight million nine hundred and ninety nine thousand nine hundred and ninety one Euros and twenty cents (€8,999,991.20) divided into eighty nine million nine hundred and ninety nine thousand nine hundred and twelve (89,999,912) Ordinary shares of ten Euro cents (€0.10) each.

c) All shares shall rank pari passu.

d) In the event of there being any unissued shares in the capital of the Company, such shares shall be at the disposal of the Board of Directors who, subject to any provision in the Memorandum and Articles of Association, may allot, issue or otherwise deal with or dispose of the same to such persons on such terms and conditions and at such times as the Board of Directors shall think fit."

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Dr. Ivan Gatt Company Secretary

13th May 2015