Assignment of Debt/Put Option and Future Recapitalisation

5 October 2018

ASSIGNMENT OF DEBT, RECAPITALISATION, AND INTERIM FUNDING ARRANGEMENTS
Assignment of Debt and Put Option
The Directors of Promisia Integrative Limited (PIL) wish to advise that the debt of $798,175 owed by
the company to Mr Garry Wells and Wells Investments Ltd has been assigned to interests associated
with Mr Tom Brankin, a PIL director and the company’s largest shareholder.
The assignment of debt transaction included a Put Option Agreement between Mr Wells and Mr
Brankin concerning 24,210,681 shares, representing 4.35% of the issued capital of the company,
held by Mr Wells and his interests. The Put Option Agreement has exercise dates of 30 January 2019
and 30 September 2020.
Mr Brankin has issued a Substantial Shareholder Holding notice to this effect.
Recapitalisation
The Directors are considering recapitalisation options for the company and will make an
announcement when final decisions are reached. The recapitalisation is likely to consist of a
placement of shares and a cash issue to all eligible shareholders.
Interim Funding
Pending resolution of the recapitalisation process the company is receiving financial support from
Mr Brankin and his interests. The company has issued a General Security Agreement in favour of Mr
Brankin and his interests for these advances.

For further information please contact:
Mr Stephen Underwood, Chairman, on 027 499 3387
Mr Rene de Wit, CEO, on 021 571000

ENDS