Page 16 - GROUP 3 NAKED HOTEL LIMITED ANNUAL REPORT

7. Resolution 6 (Special Resolution)

To increase the authorized share capital.

To consider and, if thought fit, pass the following resolution:

"That as recommended by the Directors, the authorized share capital of the company be
increased from $250,000,000 to $286,000,000 by the creation of 36,000,000 new
ordinary shares of, such shares to rank for all purposes immediately upon their issue pari
passu with the existing ordinary stock units in the company".

8. Any other business for which due notice has been given.

9. By Order of the Board

Dated this 30th day of June 2017

_______________________

JOENEL BENT

SECRETARY

NOTES:

1. A member entitled to attend and vote at the meeting is entitled to appoint one or more
proxies to attend and vote instead of him/her. A proxy need not be a member of the
company. Proxy forms must be lodged at the company's registered office at 00 Gloucester
Avenue, Montego Bay, Jamaica with the company's secretary not less than 48 hours before
the time of the meeting and must bear the relevant stamp duty which may be in the form of
adhesive stamp(s) duly cancelled by the person signing the proxy form.

2. Pursuant to Article 74, a Corporate shareholder (member) may by resolution of its
Directors’ appoint a person (not a proxy) to attend and vote at the meeting.

Page | 16