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 End CA:00324946 For:PIL Type:GENERAL Time:2018-10-05 14:55:37