361 Degrees International Limited has repurchased an aggregate principal amount of $20,100,000 of the Notes in the open market, representing approximately 5.03% of the initial aggregate principal amount of the Notes. All the Notes repurchased have been or will be cancelled. After cancellation of the Repurchased Notes, the remaining aggregate principal amount of the Notes outstanding will be $273,910,000 representing approximately 68.48% of the initial aggregate principal amount of the Notes.