Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ANNOUNCEMENT

UPDATE ON STEPS TAKEN TO ADDRESS PUBLIC FLOAT

This announcement is made on a voluntary basis to update shareholders relating to the public float issue.
Reference is made to the Company's announcements dated 17 January 2013, 7 February
2013, 25 February 2013, 6 March 2013, 10 May 2013, 17 June 2013, 12 July 2013 and 13
August 2013 regarding the status of the Company's public float and trading suspension (the "Announcements"). Unless otherwise defined herein, all capitalised terms used herein shall have the same meanings as adopted in the Announcements.
The Board wishes to update shareholders on the latest development and progress on the steps taken to address the public float. The Board has sought legal advice from Counsels in connection with the public float issues and is considering any further possible appropriate steps which can be taken to address the public float.
The Board shall continue to actively monitor and conduct constant discussions on the public float issue and the challenges involved. In considering and studying the feasibility and merits of each of the Proposals, the Board has taken and will continue to take into account the following factors:-
(a) the Company's capital needs;
(b) the potential dilutive effect of equity issuance(s) on shareholders; (c) the negative impact on share price;
(d) the potential discount to the offer price in corporate action(s) involving equity issuance(s);
(e) the ease and effectiveness of the Proposals in restoring public float;

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(f) the transaction timeframe and costs of implementation; and
(g) the views of the Company's substantial shareholders and the chances of securing support from them.
The process of identifying the most appropriate course of action through studying various methods commonly adopted in the market for addressing the Company's public float is still ongoing. The Board is mindful that any effective course of action to restore the public float would be contingent upon the support of the shareholders, including the substantial shareholders. Accordingly, the Company intends to formally write to the substantial shareholders to explain the current situation and ask them to re-consider the Proposals and indicate their support for the Proposals for addressing the public float. The Board will continue to take such action and step as may be appropriate in the circumstances with a view to restoring the public float in compliance with the Listing Rules.
Shareholders of the Company and potential investors should take note that the various Proposals so far presented to the Board for consideration are only at a preliminary and initial stage of exploration and no decision has been made as to which proposal or option the Company may pursue. There is no assurance that the Company may finally pursue any one or more of such Proposals.
Further announcement(s) will be made by the Company to update shareholders as and when appropriate pursuant to the Listing Rules and/or the SFO.
Made by the order of the Board, the directors of which individually and jointly accept responsibility for the accuracy of this announcement.
On behalf of the Board SCMP Group Limited David J. Pang Chairman
Hong Kong, 17 September 2013
As at the date hereof, the Board comprises: Non-executive Directors
Dr. David J. Pang (Chairman), Mr. Roberto V. Ongpin (Deputy Chairman)
and Tan Sri Dr. Khoo Kay Peng
Independent Non-executive Directors
Mr. Ronald J. Arculli, Dr. Fred Hu Zu Liu, Dr. the Hon. Sir David Li Kwok Po and Mr. Wong Kai Man
Executive Director
Ms. Kuok Hui Kwong

* For identification purpose only

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