Zamaz plc: Result of Adjourned Meeting of the holders

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

London (pta026/21.03.2023/15:07 UTC+1)

On 9 March 2023, Zamaz plc (LSE: ZAMZ), the London-based international e-commerce and retail technology aggregator of sustainable brands, convened a meeting of the holders ("the bondholders") of the Company's EUR 3,000,000 6% Fixed Rate Bonds due 30 April 2023 ("the 6% Bonds"), ISIN GB00BL96TV97, 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 Meeting was, however, not deemed quorate under the Terms and Conditions of the Bond Instrument and was consequently adjourned. A notice of reconvened meeting, together with an amended Consent Solicitation Memorandum, was sent to bondholders on the same day reconvening the meeting for 9.00 am today, 21 March 2023 at 50, Sloane Avenue, London, SW3 3DD. An announcement was also issued on the London and Vienna Stock Exchange systems.

The meeting was duly held and the extraordinary resolution was put to bondholders, seeking 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.

The extraordinary resolution was passed unanimously.

Following the passing of the resolution, bondholders also become entitled to 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.

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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)