Response to Query Regarding Trading Activity::

Issuer & Securities

Issuer/ Manager: SARINE TECHNOLOGIES LTD.
Securities: SARINE TECHNOLOGIES LTD - IL0010927254 - U77
Stapled Security: No

Announcement Details

Announcement Title: Response to Query Regarding Trading Activity
Date &Time of Broadcast: 22-Dec-2014 21:42:40
Status: New
Announcement Reference: SG141222OTHRZ4H3
Response Description (Please provide a detailed description of the Response to Query in the box below): QUERY REGARDING TRADING ACTIVITY
22 December 2014
Sarine Technologies Ltd.

Question 1: Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 8 in Appendix 7.1 of the Mainboard Rules for further examples. - If yes, the information shall be announced immediately.

The Company is not aware of any such information.

Question 2: Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.

As noted in the Company's Appendix 7.2 for Q3 2014 (published on 9 November 2014), the diamond industry, in which the Company operates, has been, and is likely to continue to be, during Q4 2014 and early 2015, adversely affected by credit shortage, increase in polished diamond inventories and the divergence in the prices of rough stones and polished diamonds. Based on recent publications made by leading figures and analysts in the diamond industry and based on queries made to the Company following such publications, it appears that such trends have indeed continued.

Question 3: Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703?

The Company confirms that it is in compliance with the Listing Rules and, in particular, Mainboard Rule 703.
Response Submitted Date/ Time: 22-Dec-2014 21:42:40

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