Hili Properties Plc

Pre-Annual General Meeting Information • Nov 15, 2017

Company Announcement

The following is a Company Announcement issued by Hili Properties p.l.c. ("the "Company") in terms of Listing Rules.

QUOTE

The Company announces that an Extraordinary General Meeting shall be held on the 28 November 2017 at 09:00 hours at the registered office of the Company for the purpose of considering the following Agenda:

AGENDA

Ordinary Resolutions:

• (a) To increase the authorized share capital of the Company from twenty-one million six hundred thousand Euro (€21,600,000) divided into twenty-one million six hundred thousand Ordinary shares of one Euro (€1.00) each in nominal value, to twenty-nine million Euro (€29,000,000) divided into twenty-nine million Ordinary shares of one Euro (€1.00) each in nominal value;
• (b) To issue and allot seven million (7,000,000) Ordinary Shares of one Euro (€1.00) each from the unissued share capital of the Company of seven million four hundred thousand Euro (€7,400,000) in favour of Hili Ventures Limited, having Company Registration Number C57902, of Nineteen Twenty Three, Valletta Road, Marsa, MRS 3000, Malta, in consideration of the capitalization of a shareholder's loan in the amount of seven million Euro (€7,000,000) payable by the Company to Hili Ventures Limited;

• (c) To substitute the Memorandum and Articles of Association of the Company in their entirety to give effect to the increase in share capital and capitalization contemplated above;
• (d) That any company director or company secretary, be authorized to issue and file with the relevant authorities certified true copies of the revised Memorandum and Articles of Association of the Company as well as other statutory documents to give effect to the increases in authorized and issued share capital as contemplated above.

UNQUOTE

By order of the Board

15 November 2017

Dr. Karen Coppini

Company Secretary