REPL::General Announcement::Share Placement proceeds (SGD) Utilisation

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 13-Jan-2015 17:48:49
Status: Replacement
Announcement Sub Title: Share Placement proceeds (SGD) Utilisation
Announcement Reference: SG150108OTHRZ06X
Submitted By (Co./ Ind. Name): Yeo Keng Nien
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): The Board of Directors (the "Board") of Triyards Holdings Limited (the "Company") refers to the Company's announcement dated 8 January 2015 (the "Announcement") relating to the usage of the proceeds from the Share Placement.

The Board wishes to advise that the general working capital of SGD2,003,000 in the Announcement related to payments to suppliers for the purchase of equipment for shipbuilding projects.

By Order of the Board
Yeo Keng Nien
Company Secretary

13 January 2015