Hili Properties Plc

AGM Information • Aug 8, 2018

Hili Properties plc, Nineteen Twenty Three. Valletta Road, Marsa MRS 3000 Malta

T 00356 2568 1200 E info a hiliproperties.com

www.hiliproperties.com

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 it has sought and obtained prior written authorisation from the Listing Authority on the information provided in Company Announcement 'HIL 37' dated 30 July 2018 in line with Listing Rule 5.146.

During the Extraordinary General Meeting of the Company held on the 08 August 2018, the members resolved:

• (a) To increase the authorized share capital of the Company from thirty-two million Euro (€32,000,000) divided into thirty -two million Ordinary shares of one Euro (€1.00) each in nominal value, to sixty million Euro (€60,000,000) divided into sixty million Ordinary shares of one Euro (€1.00) each in nominal value;
• (b) To increase the issued share capital of the Company from thirty-one million six hundred thousand Euro (€31,600,000) divided into thirty-one million six hundred thousand Ordinary shares of one Euro (€1.00) each in nominal value, to forty million four hundred thousand Euro (€40,400,000) divided into forty million four hundred thousand Ordinary shares of one Euro (€1.00) each in nominal value;
• (c) To issue and allot eight million eight hundred thousand (8,800,000) Ordinary Shares of one Euro (€1.00) each from the unissued share capital of the Company in favour of Hili Ventures Limited, having Company Registration Number C57902, of Nineteen Twenty Three, Valletta Road, Marsa, MRS 3000, Malta, for a cash consideration in the amount of eight million eight hundred thousand Euro (€8,800,000);

Hili Properties plc. Nineteen Twenty Three, Valletta Road. Marsa MRS 3000 Malta

T 00356 2568 1200 E info à hiliproperties com

www.hiliproperties.com

• (d) To substitute the Memorandum and Articles of Association of the Company in their entirety to give effect to the increase and allotment of share capital contemplated above;
• (e) 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 increase and allotment of share capital as contemplated above.

UNQUOTE

By order of the Board

08 August 2018

Dr. Karen Coppini Company Secretary