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Forte Energy NL (FTE)


Wednesday 13 January, 2016

Forte Energy NL

BGL Shareholders Accept Offer

                                                                                       Forte Energy NL

                                                                                           AIM Release
                                                                                       13 January 2016

BGL Shareholders Accept Offer

Further  to its announcement on 7 January 2016, Forte Energy NL ("Forte" or "the Company") (AIM:  FTE),
is pleased to announce that shareholders of BOS GLOBAL Limited ("BGL") with a relevant interest in more
than  90%  of the remaining 49.7% of BGL shares not held by the DJ Family Trust ("DJFT") have  accepted
the  offer  from  Forte to acquire their shares on the same terms as those provided to  the  DJFT  (the
"Offer").  With  more  than  90% of acceptances received, Forte will be in a position  to  compulsorily
acquire any remaining shares pursuant to s661A of the Corporations Act once the conditions of the Offer
have  been  satisfied.  The conditions of the Offer were detailed in Forte's announcement  made  on  31
December 2015.

The  acquisition of BGL Shares by Forte (the "Acquisition") will be treated as a reverse takeover under
the  AIM  Rules for Companies.  Consequently the Acquisition will be subject to the approval  of  Forte
shareholders  and, following shareholder approval, the admission of the enlarged Forte  to  trading  on

Forte  is preparing a notice of meeting to seek the approval of Forte shareholders for the Acquisition,
and  apply for admission to AIM as a business and financial technology ("FinTech") company. Trading  in
Forte's shares on AIM remains suspended pending publication of an admission document or termination  of
the Acquisition.

The Company looks forward to providing further updates as the transaction progresses.

Additionally  the  Company notes that the admission of 1,120,071,685 new shares  in  the  Company,  the
allotment  of which was announced on 6 January 2016, will be deferred until the restoration to  trading
of Forte's shares on AIM.

For further information contact:

Mark Reilly, Managing Director
Forte Energy NL                         Tel: +61 (0) 8 9322 4071

Oliver Morse
RFC Ambrian Ltd                         Tel: +61 (0) 8 9480 2500
(AIM Nominated Adviser to the Company)

Forte Energy NL

Suite 3, Level 3
1292 Hay Street
West Perth WA 6005
Ph: +61 (0)8 9322 4071
Fax: +61 (0)8 9322 4073
Email: [email protected]

Forte Energy NL

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