GIKEN SAKATA (S) LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 197903879W)

COMPLETION OF THE SUBSCRIPTION OF 52,000,000 NEW ORDINARY SHARES

1. INTRODUCTION

The Board of Directors (the "Board") of Giken Sakata (S) Limited (the "Company") refers to its previous announcements dated 19 February 2014 and 11 March 2014 (the "Previous Announcements") in relation to the subscription of 52,000,000 new ordinary shares in the capital of the Company (the "Subscription Shares") at an issue price of S$0.0325 per Subscription Share on the terms and subject to the conditions of the subscription agreement dated 18 February 2014 (the "Subscription").
Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings and construction as ascribed to them in the Previous Announcements.

2. COMPLETION OF SUBSCRIPTION

The Board wishes to announce that the Subscription has been completed on 17 March 2014, and the Company has allotted and issued 52,000,000 Subscription Shares to the Subscribers. Pursuant to the completion of the Subscription, the number of issued Shares of the Company has increased from 263,018,657 Shares to 315,018,657 Shares.
The Subscription Shares are expected to be listed and quoted on the Catalist board of the SGX-ST on or around 19 March 2014, and trading of the Subscription Shares will commence with effect from 9.00 a.m. on the same date.
By Order of the Board
GIKEN SAKATA (S) LIMITED
Ng Say Tiong
Chief Financial Officer
17 March 2014

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of Singapore Exchange Securities Trading Limited ("SGX-ST"). The Company's Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Bernard Lui
Tel: (65) 6389 3000
Email: bernard.lui@stamfordlaw.com.sg

distributed by