Bos Glb Hldgs Regulatory News (BOS)

BOS GLOBAL Holdings Limited

ACN 009 087 852

AIM Release

11th July 2017

Board Changes

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 generating workforce analytics, is pleased to announce the first of the additional strategic new Board appointments being pursued (see RNS of 31 May 2017 and 8 June 2017) with Mr. Adam Webb appointed as Non-Executive Director, effective today. With the arrival of a new Director, and reflective of the Company's refocused strategy on technology following its Reverse Takeover of Forte Energy NL, Mark Reilly is stepping down from his role as Non-Executive Director, effective 31 July 2017. The restructuring of the Board provides the Company with a highly experienced individual who will give strategic advice to BOS GLOBAL as it looks to rapidly expand its software business. This is a crucial time in the Company's development following the recent launch of its innovative BOS360 Work Patterns Platform as a Service ('BOS360 PaaS') and the roll out of BOS Time, BOS Automate and BOS Meet. The appointment also coincides with the Company's relocation of its corporate headquarters to London as it looks to grow the business globally.

Mr. Webb is a senior qualified solicitor and corporate financier with an expansive career spanning over 40 years. He has accrued a wealth of experience and built a strategic network of contacts within the UK and overseas equity markets, working as a financial adviser, nominated adviser, stockbroker and board Director. Highlights within his career include training and qualifying as a solicitor with Slaughter and May in the City, moving into mainstream investment banking with Morgan Grenfell and thereafter heading up the London and European corporate finance activities of both CIBC / Wood Gundy and then Société Générale. He worked on the launch of the first quoted fund on the London AIM market and has assisted in a number of corporate recoveries and turnarounds.

Mr. Webb is a founding member of business consultancy company Tugurium Associates Limited and has been an independent speaker for the London Stock Exchange's ELITE platform, which supports ambitious private companies through their next stage of growth.

BOS GLOBAL Chairman David Ireland said, "Adam's experience, extensive legal, IP and governance knowledge and contacts, particularly in the City of London, will be invaluable to BOS GLOBAL as we look to increase our market reach globally, strengthen our investor base and ultimately build the value of the Company. We are at an inflection point and believe that with the right team we can capitalise on the opportunities we have in workforce efficiency, a rapidly expanding market, as businesses continue to focus on employment productivity and costs. With the launch of BOS360 and the roll out of BOS Time, BOS Meet and BOS Automate, we have an expanding cutting-edge product suite that is receiving significant interest and compares favourably against the fragmented competition. Additionally, with our distribution channels, augmented by the Company's 40% equity investment in Call Design, we believe we are ideally positioned to capitalise. I look forward to working with Adam on delivering our strategy of growth both organically and through complementary acquisitions to secure our position in this exciting market place. Finally, on behalf of the Board I would like to thank Mark Reilly for the support he has shown the Company, particularly in helping BOS GLOBAL complete the Reverse Takeover of Forte Energy NL. His stepping down is a natural move, which is reflective of our focus on software and technology, as opposed to Forte Energy's historical focus on mining, and our growing London presence. We wish him all the very best for the future."

Additional information on Mr. Adam Webb

Mr. Robert Adam Hiliary Webb, aged 64, currently holds or has held the following directorships and partnerships over the last five years:

Mr. Webb was appointed as Chairman in October 1997 to Crown Products Group PLC ("CPG") in attempt to rescue that company when it fell into financial difficulty. While a subsidiary of CPG was successfully divested a receiver was appointed to CPG in January 1998.

Adam and Partners Limited, a private company associated with Mr. Webb, went through a creditors' voluntary arrangement in January 1999. Mr. Webb was a director from April 1992 to October 2007.

Mr. Webb holds no securities in BOS GLOBAL.

Except as disclosed in this announcement, neither the Company or Mr. Webb are aware of any further disclosures that are required in respect of the appointment of Mr. Adam Webb under Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies.

**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, Sydney and Brisbane. The Company also has a regional office in Hong Kong, responsible for the Asia-Pacific region and processing of large scale enterprise product sales with a greater than US$20 million revenue stream over an initial three-year contract term. Such deals include acquisitions and investments like the size of Call Design.

The Company is working towards its expanded London Office with its planned move of both Corporate and Board function to London in late 2017. Further, plans are well underway to increase its representation in Europe, the Middle East and Africa (EMEA) and North America with that of Call Design, and with offices on track to be established in 2017 in London and San Francisco respectively.

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").