Innovation Convertible Note Drawdown & Conversion

BOS GLOBAL Holdings Limited

ACN 009 087 852

AIM Release

6 April 2017

BOS GLOBAL Holdings Limited ("BOS" or "the Company") (AIM: BOS), the software developer focused on optimizing employee/individuals' productivity, advises that it has completed the next monthly drawdown of £100,000 due March 2017 under its £1.392m Convertible Note agreement ("Note") with Innovation Corporation Limited ("Innovation").

The Company has also received and accepted a Conversion Notice from Innovation for £100,000 at a fixed rate of 16 pence per share in accordance with the terms of the Note. As a result, Innovation will receive 625,000 fully paid ordinary shares in BOS. Application will be made to the AIM market of the London Stock Exchange ("AIM") to admit these shares to trading on AIM with admission expected on or about Tuesday 11 April 2017. These shares will be subject to a 12-month lock-in agreement from the date of conversion. The Company confirms that, as a consequence of this Conversion Notice, it currently has no debt outstanding.

This month's drawdown has been reduced from the £116,000 available at the discretion of the Company, which reflects the Company's funding requirements having been reduced by the commencement of income generation from client contracts.

After this drawdown, £1,002,000 remains available to the Company under the Note. The next monthly instalment of £116,000 is due on 15 April 2017. Following admission of the conversion shares, BOS will have 68,929,366 fully paid ordinary shares in issue. Entities associated with Michael Travia will hold 29,419,011 shares, representing 42.7% of the total shares on issue.

This announcement contains inside information for the purpose of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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

About BOS GLOBAL

BOS GLOBAL is a Software Company dedicated to making workplaces 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 workplace efficiency. The platform known as BOS 360 Work Patterns 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. Workplace 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 workplace functions. These products also act as both collectors and feeders of information to the BOS 360 Platform for use in the generation of Work Pattern reports. BOS GLOBAL will generate re-occurring income through subscriptions of its BOS 360 Work Pattern platform and supporting products, as well as through licensing of its patented Work Pattern technology. The Company sales strategy is focused on building a global distribution partner network via Enterprise Software Vendors, Professional Services Organisations and Consulting Practices.

The Company has also signed a conditional agreement to acquire a 40% interest in Call Design Pty Ltd, a profitable, Australian based, global provider of workforce optimisation tools, focused particularly on call centre services, which has an established blue chip client base. This highly synergistic investment will provide multiple cross-selling opportunities to both companies in line with BOS GLOBAL's strategy to deliver a comprehensive business optimisation offering globally.

BOS GLOBAL Holdings Limited is a LSE AIM listed company incorporated in Australia, operating from offices in Melbourne, Sydney and Brisbane. Plans are well underway to increase its representation, with offices in London, San Francisco and Hong Kong in year 2017.