The Board of Directors of Willowglen wishes to announce that the Company proposes to seek the approval of its shareholders for the following proposals at the forthcoming Annual General Meeting to be convened:-

1. Proposed Renewal of Existing Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature and Proposed New Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature; and 

2. Proposed Renewal of Authority for the Company to Purchase Its Own Ordinary Shares of Up to 10% of the Total Number of Issued Shares of the Company.

A Circular/Statement to Shareholders setting out the details of the aforesaid proposals will be issued to the shareholders in due course.

This announcement is dated 25 February 2021.