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Apollo Enterprise Solutions Limited (“AES”) Releases Consolidated Results for the Quarter ending June 30, 2016

30 September 2016

Hamilton, Bermuda: September 30, 2016 - In a filing with the Bermuda Stock Exchange (“BSX”), Apollo Enterprise Solutions, Ltd. (“AES” or “The Company”; Tickers: AES.BH & OAL.GR), released their consolidated results for the quarter ending June 30, 2016. The filing stated:

AES was incorporated on 26 September 2012 in Bermuda with the primary objective of offering investors a high growth technology investment opportunity. The Company’s primary listing is on the Bermuda Stock Exchange (AES:BH). It has a secondary listing on the Frankfurt Stock Exchange (OAL:GR) and also listed on the XETRA trading platform (OAL:GY).

Reporting Currency

The Company’s results are reported in US Dollars.

Business Review

AES Revenue and financial results were less than budgeted expectations during the 2^nd Quarter of 2016 as the Company did not bring on budgeted clients. Revenue for the 2^nd Quarter of 2016 was $611,537, compared to revenue in the 2^nd Quarter of 2015 of $609,179. The net loss for the 2^nd Quarter of 2016 was ($1,298,930), an improvement of $152,282 compared to the ($1,451,212) loss from the 2^nd Quarter of 2015. The Company has no minority interests, and there were no other unusual items in the 2^nd Quarter of 2016. Earnings Gain/(Loss) per Common Share for the 2^nd Quarter of 2016 were ($0.03) which was the same as 2^nd Quarter of 2015.

Dividends

The Company has declared no Common Share dividend for the period under review. The small number of remaining Preferred Class A and Preferred Class A-2 are subject to 6% cumulative dividends. No Preferred Dividends are payable until the Company has achieved three consecutive quarters of profitability and receives Board of Directors approval to pay such dividends.

Basis of Presentation

The unaudited consolidated results for the three months ended 30 June 2016 have been prepared in accordance with US Generally Accepted Accounting Principles (USGAAP).

Accounting Policies

The accounting policies adopted are consistent with those published in the Audited Annual Financial Statements for the period ended 31 December 2015.

Changes to the Board

There was one change to the Board during the 2^nd Quarter of 2016. Director Peter Hughes replaced resigned Director David Brown in April 2016.