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Update on Acquisition

 8th Jan 2014

In its recent circular to shareholders (released 31st October 2013), the Company indicated that its proposed acquisition of Shengli was subject to satisfaction of various conditions and completion was anticipated on or prior to 31 December 2013.  Good progress has been made in satisfying these conditions, although it is now anticipated that completion will take place on or prior to 28 February 2014, to allow for the provision of various supplementary information that has been requested by the local Commission of Commerce prior to them delivering the necessary regulatory approvals.

A further announcement will be made once the acquisition is completed.

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