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Deacons (East Africa) PLC (Under Administration) has called for an Extraordinary General Meeting to be held at the offices of PKF Kenya, Kalamu House, Grevillea Grove, Off Brookside Drive, Westlands, Nairobi on Tuesday, 05 March 2019 at 10.00 a.m. to transact the following business: –

AGENDA 1.

1. To read the notice convening the meeting, table the proxies received and confirm the presence of a quorum.
2. To receive a progress report by the Joint Administrators on the status of their assignment.
3. To consider and, if thought fit, to pass the following Ordinary Resolution: –

“That in order for the Company to raise the amount of up to Kenya Shillings Four Hundred and Fifty Million (Kshs 450 Million) which is required to settle the Company’s outstanding creditors and secured lenders, and to utilize the balance towards the working capital requirements of the Company, the Joint Administrators be and are hereby generally and unconditionally authorised to exercise the borrowing powers of the Company to raise the required funds in the form of convertible loan(s) from any person(s) willing to lend or grant such funds to the Company on such terms and conditions as shall be agreed between the parties, subject to obtaining all the required regulatory approvals.”

BY ORDER OF THE JOINT ADMINISTRATORS

J L G MAONGA

COMPANY SECRETARY DEACONS (EAST AFRICA) PLC (IN ADMINISTRATION)

Date: 01 February 2019