Proposed Acquisition Of Shares In Kingsmen (North Asia) Limited ("Kingsmen North Asia")

Nov 02, 2007

Reference is made to the announcement by Kingsmen Creatives Ltd. (the "Company") of 16 October 2007 (No. 00143). Unless otherwise defined herein, all defined terms in this Announcement shall have the meanings given to them in the previous announcement.

The Board of Directors of the Company (the "Board") is pleased to announce that the Singapore Exchange Securities Trading Limited (the "SGX-ST") has today given its approval-in-principle for the listing and quotation of the 2,495,082 Consideration Shares to be issued by the Company to the Vendor towards the Purchase Consideration for the Company's acquisition of a further 30% of the existing issued and paid-up share capital of Kingsmen North Asia. The Company will make a further announcement when the Consideration Shares are allotted and issued.

The Board wishes to highlight that the SGX-ST's in-principle approval is not an indication of the merits of the Company and the Consideration Shares.