OSIM : Voluntary Unconditional Cash Offer By Vision Three Pte. Ltd. - Additional Payment Update

Microsoft Word - Voluntary_Unconditional_Cash_Offer_Additional_Payment_Update_Announcement_dtd_210616.docx VOLUNTARY UNCONDITIONAL CASH OFFER

by

CREDIT SUISSE (SINGAPORE) LIMITED

(Incorporated in the Republic of Singapore) (Company Registration No.: 197702363D)

for and on behalf of

VISION THREE PTE. LTD.

(Incorporated in the Republic of Singapore) (Company Registration No.: 201605240G)

for all the issued ordinary shares in the capital of

OSIM INTERNATIONAL LTD

(Incorporated in the Republic of Singapore) (Company Registration No.: 198304191N)

other than those held in treasury and those already owned, controlled or agreed to be acquired by Vision Three Pte. Ltd. and all of the outstanding S$170,000,000 Zero Coupon Convertible Bonds due 2019

(ISIN No.: XS1103850993, Common Code: 110385099)

issued by OSIM International Ltd

ADDITIONAL PAYMENT TO AFFECTED SHAREHOLDERS

1. INTRODUCTION

   Credit Suisse (Singapore) Limited ("Credit Suisse") refers to:

2. the announcement dated 18 April 2016 (the "Additional Payment Announcement") in relation to the Additional Payment to Affected Shareholders; and

3. the announcement dated 12 May 2016 (the "Update on Additional Payment Announcement") stating that the Offeror would make an announcement to update all Affected Shareholders when the mechanics of the Additional Payment have been agreed.

   Unless otherwise defined, all capitalised terms used and not defined herein shall have the same meanings given to them in the Additional Payment Announcement and the Update on Additional Payment Announcement.

4. DISTRIBUTION OF INSTRUCTION LETTERS TO SGX-ST MEMBERS

   Credit Suisse wishes to announce, for and on behalf of the Offeror, that a letter (the "Instruction Letter") has been despatched by the SGX-ST on behalf of the Offeror to all SGX- ST Members who sold OSIM shares, for and on behalf of their client(s), on 5 April 2016 at a sale price below S$1.39. SGX-ST Members who receive the Instruction Letter are requested

   to follow the instructions set out therein in order to facilitate the payment of the Additional Payment to the Affected Shareholders.

   Affected Shareholders should contact their respective SGX-ST Members through whom they transacted OSIM shares on 5 April 2016, if they have any questions on the Additional Payment.

5. RESPONSIBILITY STATEMENT

The director of the Offeror has taken all reasonable care to ensure that the facts stated and all opinions expressed in this Announcement are fair and accurate and that no material facts have been omitted from this Announcement, the omission of which would make any statement in this Announcement misleading.

Where any information has been extracted or reproduced from published or otherwise publicly available sources (including, without limitation, information in relation to the Company or the Group), the sole responsibility of the Offeror's director has been to ensure through reasonable enquiries that such information is accurately and correctly extracted from such sources or, as the case may be, reflected or reproduced in this Announcement in its proper form and context.

Issued by

CREDIT SUISSE (SINGAPORE) LIMITED

For and on behalf of

VISION THREE PTE. LTD.

21 June 2016

Any enquiries relating to this Announcement or the Offer should be directed to the following:

Credit Suisse (Singapore) Limited Tel: [phone]

Forward-Looking Statements

All statements other than statements of historical facts included in this announcement are or may be forward-looking statements. Forward-looking statements include but are not limited to those using words such as "seek", "expect", "anticipate", "estimate", "believe", "intend", "project", "plan", "strategy", "forecast" and similar expressions or future or conditional verbs such as "will", "would", "should", "could", "may" and "might". These statements reflect the current expectations, beliefs, hopes, intentions or strategies of the party making the statements regarding the future and assumptions in light of currently available information. Such forward-looking statements are not guarantees of future performance or events and involve known and unknown risks and uncertainties. Accordingly, actual results may differ materially from those described in such forward-looking statements. Shareholders and investors of the Company and/or any other person should not place undue reliance on such forward-looking statements, and neither the Offeror nor Credit Suisse undertakes any obligation to update publicly or revise any forward-looking statements.