Boston Commerce Initiates Capital Reduction Process

Boston Commerce Ltd announced that its Board of Directors has approved the initiation of a process to formulate a Scheme for confirmation and write-off of certain not readily realizable assets. This process is subject to shareholder and regulatory approvals. The Board also approved the initiation of a Scheme of Capital Reduction, which will be presented to shareholders for approval at an upcoming Extraordinary General Meeting. Management has been authorized to proceed with the necessary actions for these initiatives.