Hili Properties Plc — AGM Information 2021

Oct 7, 2021

Extraordinary General Meeting Held

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

QUOTE

It is hereby being announced that at the Extraordinary General Meeting of the Company held on the 7th October 2021 at 11:30 hours, at Nineteen Twenty Three, Valletta Road, Marsa, the members considered and approved the following resolutions:

• 1. To issue and allot eighteen million, four hundred and eight thousand (18,408,000) Ordinary Shares of one Euro (EUR1.00) each from the unissued share capital of the Company of eighteen million, four hundred and eight thousand Euro (EUR18,408,000), in favour of Hili Ventures Limited, having Company Registration Number C57902, of Nineteen Twenty Three, Valletta Road, Marsa, MRS 3000, Malta, in consideration of a cash injection of the same amount, meaning eighteen million, four hundred and eight thousand Euro (EUR18,408,000).
• 1. To increase the Company's authorised share capital to one hundred and twenty million Euro (€120,000,000) divided into one hundred and twenty million (120,000,000) Ordinary Shares of a nominal value of one Euro (EUR1) each.
• 1. To re-designate the share capital as follows:

The authorised share capital of the Company is one hundred and twenty million Euro (€120,000,000) divided into six hundred million (600,000,000) Ordinary Shares of a nominal value of twenty Euro cents (€0.20) each.

The issued share capital of the Company is sixty million Euro (€60,000,000) divided into three hundred million (300,000,000) Ordinary Shares of a nominal value of twenty Euro cents (€0.20) each.

1. That the Memorandum and Articles of Association of the Company be replaced in its entirety with a new Memorandum and Articles of Association that has been presented to the Members of the Company.

UNQUOTE

BY ORDER OF THE BOARD

Dr Melanie Miceli Demajo Company Secretary

7th October 2021