Innovation Convertible Note - Conversion

BOS GLOBAL Holdings Limited

ACN 009 087 852

AIM Release

29 September 2017

BOS GLOBAL Holdings Limited ("BOS GLOBAL" or "the Company") (AIM: BOS), the software developer focused on improving productivity and creating operational efficiencies in the workplace by collecting and reporting workforce analytics, advises that it has today resolved the conversion of the latest draw down from Innovation Corporation Limited ("Innovation") of £125,000 at a fixed rate of 16 pence per share in accordance with the terms of its £1.875m Convertible Note agreement ("Note") with Innovation.

As a result, Innovation will receive 781,250 fully paid ordinary shares in BOS. Application will be made to admit these shares to trading on AIM with admission expected on or about Thursday 5 October 2017. These shares will be subject to a 12-month lock-in agreement from the date of conversion. Under the terms of the Note, Innovation will also be granted 781,250 Conversion Options with an exercise price of 20 pence and expiring on 30 September 2018. Conversion Options and shares issued upon exercise of Conversion Options will not be subject to lock-in agreements.

Following this conversion, £1,378,609 remains available to the Company under the Note. Following admission of the conversion shares, BOS will have 79,010,210 fully paid ordinary shares in issue and the following options and warrants on issue:

3,102,444 options of exercise price 20 pence and expiry date 30 September 2018;

146,015 options of exercise price 150 pence and expiry date 4 December 2018;

20,282 warrants of exercise price 957 pence and expiry date 14 October 2019;

54,825 warrants of exercise price 1,197 pence and expiry date 21 October 2019;

16,709 warrants of exercise price 823 pence and expiry date 6 January 2020;

27,848 warrants of exercise price 718 pence and expiry date 5 June 2020; and

500,000 warrants of exercise price 10.4 pence and expiry date 26 August 2021.

Entities associated with Michael Travia will hold 22,479,855 shares, representing 28.5% of the total shares on issue and 3,102,444 options of exercise price 20 pence and expiry date 30 September 2018.

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:

About BOS GLOBAL 

BOS GLOBAL is a Software Company dedicated to making workforces more productive. 

It does this through its patented platform built to capture and analyse activities as a smart way to help individuals to achieve greater levels of efficiency.

The platform known as BOS360 Work Patterns Platform as a Service ('BOS360 PaaS') launched in May 2017, is unique in its ability to digitally render real time views of productivity in the form of Work Patterns at an individual, team or organisation level. 

The platform comprises of three main business competencies;

1. Workplace Automation - How digital information (records and documents) is managed in the workplace.

2. Workforce Productivity - How people are spending their time at work

3. Workplace Integrity - How workplace information is secured and validated.

Each of these competencies are supported by a range of enterprise grade software products designed to perform a specific set of workforce functions. These products also act as both collectors and feeders of information to the BOS360 PaaS for use in the generation of Work Pattern reports and Workforce Analytics.

Since May 2017, BOS GLOBAL has six revenue generating products - BOS Meet, BOS Time, BOS360 PaaS and BOS Automate Suite since its first product launch (BOS Meet) in December 2016. For more information of how BOS GLOBAL products can help your workforce increase efficiency and productivity visit www.bos-360.com

BOS GLOBAL aims to generate re-occurring income through subscriptions of its BOS360 PaaS and supporting products, as well as through licensing of its patented Work Pattern technology. The Company's sales strategy is focused on building a global distribution partner network via Enterprise Software Vendors, Professional Services organisations and Consulting Practices.

The Company has a 40% equity interest in Call Design Pty Ltd, a profitable, Australian based, global provider of workforce management, focused particularly on call centre services, which has an established blue chip client base. This highly synergistic investment is expected to provide multiple cross-selling opportunities to both companies in line with BOS GLOBAL's strategy to deliver a comprehensive business optimisation offering globally. This investment includes the 1st Rights of Offer and Refusal for BOS GLOBAL to acquire the balance of Call Design on the same financial terms as the initial 40% investment

Call Design sets a new standard for Workforce Management, while BOS GLOBAL's software sets a new standard for Workforce Efficiency. Both products will be offered through BOS360 PaaS, setting a new standard for Workforce Analytics to give companies greater control in making informed, fact-based decisions on their operational activities; Workforce Analytics is a combination of software and methodology that applies statistical models to worker-related data, allowing enterprise leaders to optimise human and machine resources.

BOS GLOBAL Holdings Limited is an AIM listed company incorporated in Australia, operating from offices in Melbourne and Sydney. The Company also has a regional office in Hong Kong, responsible for the Asia-Pacific region.

The Company is working towards increasing its representation in Europe, the Middle East and Africa ("EMEA") and North America with that of Call Design.