CORRECTION OF AMOUNT OF ESTIMATED NET PROCEEDS

The Board of Directors of Transcu Group Limited (the " Company" ) refers to the announcement dated 20 August 2013 (the " Relevant Announcement" ) on the proposed issue of 1% unsecured equity linked redeemable structured notes due 2016 by the Company to Advance Opportunities Fund. Capitalised terms not defined herein shall have the same meanings ascribed to them in the Relevant Announcement.

The Board wishes to clarify that the amount of estimated net proceeds of the Proposed Issue (assuming that all of the Tranche 1 Notes, Tranche 2 Notes and Tranche 3 Notes are issued and after deducting the estimated professional fees and fixed expenses) should be approximately ?S$47,520,000? and not " S$47,520" as initially stated in paragraph 3 of Section IV " Purpose of the Proposed Issue and Use of Proceeds"   of the Relevant Announcement.

The Board also wishes to clarify that if the Company's legal fees and other fees payable to the regulatory authorities in preparing and submitting the necessary documents for the Proposed Issue were included as expenses, the estimated net proceeds of the Proposed Issue (assuming that all of the Tranche 1 Notes, Tranche 2 Notes and Tranche 3 Notes are issued and after deducting the estimated professional fees and fixed expenses) would be S$47,452,000 instead.

By Order of the Board

TRANSCU GROUP LIMITED

Lawrence Komo Chief Executive Officer 16 October 2013

All the seniors, found this article, .... 

NOTIFICATION ON CHANGES IN SUBSIDIARY

The Board of Directors of Transcu Group Limited (the ?Company?, collectively with its subsidiaries, the ?Group?) wishes to announce that pursuant to the allotment and issuance of 940 shares by Biomass Energy Corporation (?BME?), an indirect subsidiary of the Company, to a third party investor on 5 September 2013, and the exercise of options by a director of BME on 30 September 2013 (which options were issued by BME on 21 March 2012) resulting in 560 shares being issued to such director, the (indirect) shareholding of the Company has decreased from 66.6% to 45.4%.

As of the date of this announcement, TTI ellebeau, Inc., a 100%-owned subsidiary of Transcu Ltd (which is in turn a 100%-owned direct subsidiary of the Company) has a shareholding interest of 33.95% in BME and Transcu Green Tech Pte. Ltd., which is a 100%-owned direct subsidiary of the Company, has a shareholding interest of 11.45% in BME.

By Order of the Board

UPDATE ON THE SUBSCRIPTION OF BONDS

The board of directors (the ?Board?) of the Company refers to the Extraordinary General Meeting of the Company held on 7 November 2012 (the ?EGM?) and the announcement released by the Company on 20 November 2012 updating shareholders on the subscription of the Initial Tranche (the ?Update Announcement?). Capitalised terms not defined herein shall bear the same meaning ascribed to them in the circular dated 23 October 2012 to the shareholders. Further to the EGM and the Update Announcement, the Board wishes to notify the shareholders that as of the date of this announcement, the Subscriber has made a further subscription of S$2,572,000 on the Subsequent Tranches. Therefore, as of the date of this announcement, the Subscriber has subscribed for the aggregate principal amount of S$4,000,000 for the Initial Tranche and an aggregate principal amount of S$4,632,000 on the Subsequent Tranches. The consideration for the subscription of S$2,572,000 by the Subscriber on the Subsequent Tranches shall be satisfied by way of full and final settlement of the outstanding loan of S$2,448,674.91 (the ?Loan?) (together with accrued interest of S$123,325.09) due from the Company to the Subscriber. The Loan forms part of the shareholder?s loan which has been assigned to the Subscriber on 4 October 2013. The use of proceeds from the further subscription of S$2,572,000 by the Subscriber on the Subsequent Tranches is not in accordance with the use of proceeds set out in the circular dated 23 October 2012 to the shareholders. However, the Board considers the settlement of the Loan by way of the further subscription of S$2,572,000 by the Subscriber on the Subsequent Tranches (the ?Settlement?) to be in the best interests of the Company, after taking into consideration the following factors: (a) the Settlement results in the conversion of a current liability (as the Loan is currently overdue) into a non-current liability, improving the current ratio of the Company?s balance sheet (b) if the Subscriber chooses to convert the Bonds into Shares, the Company will be able to capitalise its liabilities and (c) as a condition of the Settlement, the Subscriber has verbally committed to bring in S$500,000 within the next month for the purpose of funding the Company?s short-term working capital purposes. The remaining interest of S$121.97 (the ?Remaining Interest?) payable by the Company to the Subscriber shall be satisfied by way of either of the following methods, in the sole discretion of the Company: (a) by cash within 10 business days from 4 October 2013 or (b) by way of deduction from the relevant subscription price in respect of any subsequent subscriptions of Subsequent Bonds by the Subscriber. By Order of the Board Transcu Group Limited

Lawrence Komo

Chief Executive Officer 7 October 2013