BLUE POWER GROUP LIMITED
BASIS OF PROPOSED ALLOTMENT OF SHARES
FOR THE PURPOSES OF ADMISSION TO THE JUNIOR MARKET
The proposed basis of allotment was confirmed on Thursday 31st March 2010. All Applicants who applied for Shares in the Blue Power Group Limited (the “Company”) as a result of the Invitation for Subscription made under cover of the prospectus issued by the Company on 18th March 2010 should note as follows.
Applications from the General Public
* 83 applications were received by 9:01 a.m. on the Opening Date, at which time the Invitation was closed as it was oversubscribed.
* The 83 applications contained offers for 14,641,000 Shares valued at $56,953,490.00 in the aggregate, based on the Subscription Price of $3.89 per Share.
* Because of the overwhelming demand for Shares, an allocation Ratio of approximately 0.39145072 is proposed to be applied to each Application. Therefore, an Applicant whose Application was received before the Invitation was Closed will receive approximately 39% of the Shares that he applied for.
All Applicants may contact the sales agent where they lodged their Application Form, being Mayberry Investments Limited or JN Fund Managers Limited, to receive confirmation of proposed allotment and any refunds due to them.
Applications for Reserved Shares
* 32 applications for Reserved Shares were received from Applicants entitled to apply for them by 9:01 a.m. on the Opening Date, at which time the Invitation was closed as it was oversubscribed.
* The 32 applications contained offers in respect of 16,867,770 Reserved Shares valued at $65,615,625.30 in the aggregate, based on the Subscription Price of $3.89 per share.
* All Applicants for Reserved Shares will receive the number of Reserved Shares they applied for.
Accordingly no refunds are expected to be made to such Applicants.
