BRAINWORKS LIMITED - Amendment to resolution to be tabled at AGM

Amendment to resolution to be tabled at AGM

Brainworks Limited
(Incorporated in the Republic of Mauritius)
(Registration number: 115883 C1/GBL)
Share Code: BWZ ISIN: MU0548S00000
(“Brainworks” or “the Company”)



AMENDMENT TO RESOLUTION TO BE TABLED AT AGM


Shareholders are referred to the notice of annual general meeting (“AGM”) announced on 30 April 2018
wherein the board of directors (“the Board”) of the Company proposed ordinary shareholder resolution
number 5 to approve a general authority to issue shares for cash up to a maximum of 30% of the
Company’s total issued ordinary shares, being a maximum amount of 23 556 359 shares, which
resolution will be tabled at the AGM on 26 June 2018.

Shareholders are hereby advised that the Board proposes that this resolution be amended to reduce
the total aggregate number of shares which may be issued for cash in terms of the general authority to
a maximum of 15% of the total shares in issue as at the date of the notice of AGM being a maximum
amount of 11 779 679 shares (which includes 7 775 000 treasury shares).

The Board undertakes to shareholders that it will only issue a maximum amount of 11 779 679 shares
(including 7 775 000 treasury shares) under this general authority to issue shares for cash and a
maximum of 13 656 154 shares in terms of its specific authority to issue shares for cash approved by
shareholders on 4 May 2018. The Board believes that this amount is adequate for the Company’s
current capital requirements.

Ebène, Mauritius
22 June 2018

Sponsor
Questco Corporate Advisory Proprietary Limited

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