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*SAIS Limited 
Listed Company 

SAIS LIMITED ("SAIS")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: February 11, 2020
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 5,960,607 ordinary shares at a deemed price of $0.255 per share, having a total deemed value of $1,519,955, pursuant to an arms' length settlement of loans.

The Company issued news releases on January 28 and 31, 2020, in connection with that Shares for Debt transaction.
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