Zamaz plc: Adjournment of a Meeting & Notice of re-convened Meeting

London (pta023/09.03.2023/17:00 UTC+1)

Zamaz plc

("Zamaz" or "the Company")

Adjournment of a Meeting of the holders of the Company's EUR 3,000,000 6% Fixed Rate Bonds due 30 April 2023 (ISIN GB00BL96TV97)

&

Notice of re-convened Meeting

On 17 February 2023, Zamaz plc (LSE: ZAMZ), the London-based international e-commerce and retail technology aggregator of sustainable brands, announced that it was convening a meeting of the holders of the Company's EUR 3,000,000 6% Fixed Rate Bonds due 30 April 2023 ("the 6% Bonds"), ISIN GB00BL96TV97, to be held at 9.00am, today, 9 March 2023.

The Meeting was, however, not deemed quorate under the Terms and Conditions of the Bond Instrument and was adjourned. It has been reconvened for 9.00 am on 21 March 2023 at 50, Sloane Avenue, London, SW3 3DD.

The notice of reconvened meeting, together with an amended Consent Solicitation Memorandum, is being sent to bondholders today. The notice requests bondholders to consider and, if thought fit, approve a proposal to modify the terms and conditions of the 6% Bonds by way of an extraordinary resolution.

The extraordinary resolution to be put to bondholders seeks approval for:

• the maturity of the 6% Bonds to be extended to 30 April 2026 from 30 April 2023; and
• an increase in the Nominal Value of the bonds to up to € 15,000,000 from € 3,000,000; and
• the Rate of Interest to be increased to 7.5 per cent. from 6.0 per cent per annum.

Should the changes be approved, bondholders will be issued warrants to subscribe for new Zamaz shares in an amount equal to the par value of bonds held at the time of grant of the warrants divided by the £0.11 strike price of the warrant, plus a further number of Zamaz shares at a deemed issue price of nominal value, representing a 10% conversion premium. The duration of the warrants will be three years from the implementation date. They will be fully transferrable.

The Company will issue a further announcement on the outcome of the bondholders' reconvened meeting following its conclusion.

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Emitter:	Zamaz plc 9th floor 107 Cheapside EC2V 6DN London United Kingdom
Contact Person:	Luciano Maranzana
Phone:	+39 3358270370
E-Mail:	l.maranzana@innovfinance.com
Website:	www.zamaz.tech
ISIN(s):	GB00BL96TV97 (Bond)
Stock Exchange(s):	Vienna Stock Exchange (Vienna MTF)