Hili Properties Plc

AGM Information • Nov 28, 2017

Company Announcement

The following is a Company Announcement issued by Hili Properties p.l.c. ("the "Company") in terms of Chapter 5 of the Listing Rules.

QUOTE

The Company announces that during the Extraordinary General Meeting held earlier today the 28November 2017, it was resolved:

• (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 28 November 2017

Dr. Karen Coppini Company Secretary