Forte Energy NL : Market Update

20160610_Market_Update Forte Energy NL ACN 009 087 852

AIM Release

10 June 2016 Market Update

Forte Energy NL ("Forte" or "the Company") (AIM: FTE), provides the following update to the market in relation to its corporate activities.

Following the release today of the Company's audited accounts for the half-year ended 31 December 2015, the Company is in the final stages of preparing its AIM admission document and notice of meeting for shareholders in respect of the proposed reverse takeover by BOS GLOBAL Limited ("BGL").

In accordance with the AIM Rules for Companies, the Company will be required to notify the market at least 10 days prior to the release of the AIM admission document and expects to make this notification shortly. After the notice period, the AIM admission document will be lodged and a notice of meeting distributed to shareholders seeking approval of the reverse takeover.

Forte advises that it has drawn down a further £50,000 under its £300,000 convertible loan note facility with Capresi Consolidated Limited ("Capresi"). There have been no further drawdowns under the £600,000 convertible loan note facility with DJ Family Trust ("DJFT").

To date Forte has:

• drawn down a total of £100,000 from DJFT, leaving a balance of £500,000 available for drawdowns under that facility; and

• drawn down a total of £100,000 from Capresi, leaving a balance of £200,000 available for drawdowns under that facility.

These facilities will be employed to fund the costs of the readmission process and to provide working capital.

BGL is an unlisted Australian public company focused on the aggregation of cloud technology investments targeting banks, financial institutions, insurers and professional consulting organisations. BGL has extensive FinTech experience with its established network of professional investment, enterprise sales, product marketing, product design, software development and support capabilities worldwide. BGL has publicly stated its objective to be a listed organisation in UK, Australia and United States over the coming five years. This transaction is the first step to achieving its stated goals for shareholders. For further corporate information about BGL visit www.bosglobal.biz .

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: info@forteenergy.com.au Web: www.forteenergy.com.au