Convertible Note Holder Seeking Security Interest

BOS GLOBAL Holdings Limited

ACN 009 087 852

AIM Release

17 November 2017

The Board of BOS GLOBAL Holdings Limited ("BOS GLOBAL" or the "Company") advises that the Company has received notification from its primary funding provider, Innovation Corporation Limited ("Innovation"), requiring the Company to grant a security interest in Innovation's favour under the terms of the Deed of Loan and Convertible Note ("Note"). Whilst discussions continue in relation to funding, Innovation is seeking the security interest in respect of the unconverted balance of its loan and the balance of the loan to be provided to the end of the term under the Note.

Innovation advised that its representatives are preparing the security documentation and will provide further advice on the sum to be secured. The Company will respond to the request once formal documentation has been received and reviewed and a reconciliation has been undertaken to identify and agree any unconverted loan advances.

This announcement contains inside information for the purpose of Article 7 of the Market Abuse

Regulation (EU) No. 596/2014. 

**ENDS**

For further information please visit www.bosglobal.com or contact:

Notes

BOS GLOBAL is a London listed (AIM:BOS), cloud based software developer with a suite of products that enable organisations to transform their operations through improving workforce engagement. The Company's BOS Time product is a component of its Global Enterprise Productivity Platform ("PaaS"), BOS 360 Work Patterns, which incorporates patented technology that uses workforce analytics to render real time views of worker activities as Work Patterns. BOS has a team experienced in designing, building, marketing, selling and supporting enterprise technology solutions and has been seeking to build a partnership network to assist the business with market penetration.

The Company also has a 40% interest in Call Design Pty Ltd, a profitable, Australian based, global provider of workforce optimisation tools, focused particularly on call centre services. Call Design has a significant multi-sector client base, which includes all four of Australia's major banks, leading international telecommunications companies, blue chip insurers and governmental bodies, with a current operational reach spanning 26 countries. This synergistic investment seeks to provide multiple cross-selling opportunities in line with BOS GLOBAL's strategy to deliver a comprehensive business optimisation offering.