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

STEPS TAKEN TO ADDRESS THE 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 and 25 February 2013 regarding 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 inform and update shareholders the steps and action that the
Company has so far taken to address the public float issue.
Since September 2012, in light of the potential trading suspension upon scheduled expiry of the Options, the Board has been actively monitoring and conducting constant discussions on the public float issue and has taken appropriate steps to address the matter including:
(i) engaging in a dialogue with the Stock Exchange of Hong Kong Limited (the "Stock Exchange") regarding its new treatment of the option arrangements and assessing the impact on public float;
(ii) making announcements regularly on 17 January 2013, 7 February 2013 and 25
February 2013 to update the market on its public float position;
(iii) engaging legal and financial advisers to communicate with the Stock Exchange, make applications for waiver from strict compliance with public float requirements and seek the Stock Exchange's permission for continued trading in the Shares despite the drop in public float;
(iv) engaging financial adviser to assist the Board in exploring a range of alternative transactions that might lead to restoration of the public float and evaluating the feasibility and merits of the different proposals; and

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(v) establishing a special committee to implement with priority the action plans for remedying the public float.
However, the applications made to the Stock Exchange to seek waiver from strict compliance with public float requirements and its permission for continued trading in the Shares have not been successful to date. The Board is, with the assistance of its financial adviser, currently in the process of identifying the most appropriate course of actions to be adopted with a view to securing a trading resumption as soon as practicable. At the same time, the Board will continue to take such action and steps as may be appropriate in the circumstances with a view to restoring the public float in compliance with the Listing Rules.
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, 6 March 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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