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Further to the announcement released by the Company on 6 October 2009, the Board of Directors of Asiatic

Group (Holdings) Limited (the “

further increased its investment in its wholly-owned subsidiary incorporated in Singapore, Colben Energy

(Singapore) Pte. Ltd. (“

paid-up ordinary shares (the “

paid-up capital of CESPL is increased from S$1.00 comprising 10 fully paid-up ordinary shares to S$5.0 million

comprising 50 million fully paid-up ordinary shares. The Additional Investment was satisfied by way of cash

and is to ensure that CESPL is appropriately capitalised for its operations and projects.

Following the Additional Investment, CESPL had in turn on 16 August 2010, through its wholly-owned

subsidiary incorporated in the British Virgin Islands, Colben Energy Holdings (Vietnam) Ltd (“

successfully subscribed for and been allotted 2,129,760 ordinary shares having a par value VND10,000 each in

its 51%-owned subsidiary, Colben Energy (Vietnam) Joint Stock Company (“

VND21,297,600,000 (approximately USD1.2M) (the “

of cash

CEVJSC was established to undertake the 44MW hydroelectric power plants project in Vietnam as announced

previously on 13 July 2009, in conjunction with two highly established groups – Vietnam Infrastructure

Development and Finance Investment JSC (“

(“

unchanged in the proportion of 51% : 30% : 19%.

The proceeds from the Subscription are to finance the current development of the power plants that is

progressing on schedule. The Company expects the construction of Phase 1 – the Coc San Hydroelectric Plant

(“

agreement with state-owned utility, Electricity of Vietnam (“

The cost of the 44MW hydroelectric power plants remains at approximately US$62 million in total. The

Subscription forms part of the Company’s proposed investment stake of US$6.3 million in the entire project

currently.

The Additional Investment and the Subscription have been funded from internal resources and are not expected

to have any material impact on the earnings per share and net tangible assets of the Company for the current

financial year. None of the substantial shareholders and/or directors of the Company has any interest, direct or

indirect, in the Additional Investment and the Subscription, other than through their respective shareholdings in

the Company.Company”) wishes to announce that the Company had on 16 August 2010CESPL”) with an additional amount of S$4,999,999.00 comprising 49,999,990 fullyAdditional Investment”). Following the Additional Investment, the issued andCEHV”),CEVJSC”) for a consideration ofSubscription”) . The Subscription was satisfied by wayVIDIFI”) and HVD Construction and Investment Consultants JSCHVD”). Following the Subscription, the shareholding interests of each of CEHV, VIDIFI and HVD remainCSHP”) – to begin before the end of 2010, after details of the connection agreement and power purchaseEVN”) are concluded.

By Order of the Board

Tan Boon Kheng

Managing Director