Forte Energy NL
AIM : FTE

November 15, 2016 02:59 ET

DJ Family Trust Convertible Note and Loan Agreement

                                                                               BOS GLOBAL Holdings Limited
                                                                                           ACN 009 087 852
                                                                                                          
                                                                                               AIM Release
                                                                                          15 November 2016

DJ Family Trust Convertible Note and Loan Agreement

BOS GLOBAL Holdings Limited ("BOS" or "the Company") (AIM: BOS), is pleased to provide the following update
on its Convertible Note agreements with DJ Family Trust ("DJFT").

As  at  31  October  2016,  a  total of £225,000 has been drawn down under the  original  Convertible  Note
agreement  with DJFT (the "First DJFT Note"). A further £100,000 remains available for draw down under  the
terms of this agreement.

The  Company advises that it has today received and accepted a Conversion Notice from DJFT for the £225,000
drawn  down  to  date under the First DJFT Note. In accordance with the terms of the First DJFT  Note,  the
conversion is at a fixed rate of 6 pence per share, representing a substantial premium to the closing price
of  2.88 pence per share on 14 November 2016. As a result, DJFT will be entitled to receive 3,750,000 fully
paid ordinary shares in BOS. These shares will be subject to a 12-month lock-in agreement from the date  of
conversion.

The  Company  confirms that there has been no draw down against the second Convertible Note agreement  with
DJFT (the "Second DJFT Note") announced on 30 August 2016. Under the terms of the Second DJFT Note, a total
principal  amount  of up to £1,392,000 will be provided in fixed monthly instalments  of  £116,000,  for  a
period of 12 months commencing 15 December 2016.

Following  the  recent  improvement in commodity prices, the Company advises that it  is  also  considering
potential sale opportunities for its non-technology assets, including its interest in Copper Range (SA) Pty
Ltd  which holds tenements in the Olympic Dam mining precinct of South Australia, its shareholding in TSXV-
listed  Azarga  Metals  Corp. (formerly European Uranium Resources Limited), and its  uranium  projects  in
Guinea and Mauritania.



For further information, contact:

Michael Travia, Managing Director
BOS GLOBAL Holdings Limited              Tel: +61 (0) 8 9322 4071

Oliver Morse
RFC Ambrian Ltd                          Tel: +61 (0) 8 9480 2500
(AIM Nominated Adviser to the Company)


BOS GLOBAL Holdings Limited

Suite 3, Level 3
1292 Hay Street
West Perth WA 6005
Ph: +61 (0)8 9322 4071
Fax: +61 (0)8 9322 4073
Email: shareholder@bosglobal.com
Web: www.bosglobal.com

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