OREANDA-NEWS.  February 26, 2013. The Board is pleased to announce that all conditions precedent for the issue of the Convertible Bonds under the Subscription Agreement have been fulfilled, and the completion of the issue of the Convertible Bonds in the aggregate principal amount of HK\\$3,900,000,000 took place.

Reference is made to the Company’s announcement dated 16 January 2013 (the “Announcement”) in relation to the Subscription Agreement entered into among (i) the Company as issuer of the Conversion Shares and guarantor for payment of all sums payable in relation to the Convertible Bonds, (ii) the Bond Issuer (a wholly owned subsidiary of the Company) as issuer of the 2 Convertible Bonds, and (iii) the Managers.

Unless otherwise defined, capitalised terms in this announcement shall have the same meanings ascribed to them in the Announcement.

The Board is pleased to announce that all conditions precedent for the issue of the Convertible Bonds under the Subscription Agreement have been fulfilled, and the completion of the issue of the Convertible Bonds in the aggregate principal amount of HKD 3,900,000,000 took place.

The Convertible Bonds are expected to be listed on the Stock Exchange on 19 February 2013 with stock code 5906. The estimated net proceeds from the issue of Convertible Bonds, after deduction of commission and expenses, amounted to approximately HKD3,861,000,000.