CHANGE IN CAPITAL :: PLACEMENT :: CLARIFICATION ANNOUNCEMENT - PLACEMENT OF 13,000,000 NEW ORDINARY SHARES

* Asterisks denote mandatory information

Name of Announcer *
NICO STEEL HOLDINGS LIMITED
Company Registration No.
200104166D
Announcement submitted on behalf of
NICO STEEL HOLDINGS LIMITED
Announcement is submitted with respect to *
NICO STEEL HOLDINGS LIMITED
Announcement is submitted by *
TAN CHEE KHIONG
Designation *
CHAIRMAN AND PRESIDENT
Date & Time of Broadcast
14-Feb-2014 20:33:11
Announcement No.
00172

ANNOUNCEMENT DETAILS

The details of the announcement start here ...
Announcement Title *
CLARIFICATION ANNOUNCEMENT - PLACEMENT OF 13,000,000 NEW ORDINARY SHARES
Specific shareholder's approval required? *
No
Description *
CLARIFICATION ANNOUNCEMENT - PLACEMENT OF 13,000,000 NEW ORDINARY SHARES AT THE ISSUE PRICE OF S$0.0675 PER SHARE - COMPLETION OF THE PLACEMENT

Reference is made to the Companys Announcement No. 00093 released earlier this evening regarding the completion of the Placement of 13,000,000 New Ordinary Shares at the Issue Price of S$0.0675 Per Share (Completion) (the Announcement). Unless otherwise defined, all capitalised terms used herein shall have the meanings ascribed to them in the Announcement.

The cover of the Announcement stated that specific shareholders approval is required. As announced in the announcement made on 19 January 2014, the Placement Shares will be issued pursuant to the general share issue mandate approved by shareholders of the Company at the Companys annual general meeting held on 27 June 2013. The Company therefore wishes to clarify that the Placement does not require any specific shareholders approval.


TAN CHEE KHIONG
EXECUTIVE CHAIRMAN & PRESIDENT
NICO STEEL HOLDINGS LIMITED
14 FEBRUARY 2014

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