Asiatic Group (Holdings) Limited announced the resignation of Tan Boon Siang as Executive Director. Role And Responsibilities: Responsible for the management and supervision of the land and marine-based firefighting and protection business. Other DirectorShips Present: Asiatic Fire System Pte Ltd;Colben System Pte Ltd; Colben Energy (Singapore) Pte.

Ltd.; Colben Energy Holdings (Maju Intan) Ltd. Reason For Cessation: Mr. Tan Boon Siang (?Ricky?) has been with the company for more than 40 years hence he feels that it is timely for him to step down at this juncture and retire to focus on his other interests. After having interviewed Ricky and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reason for the resignation of Ricky as Executive Director of the Company.