NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES. THE MATERIAL SET OUT HEREIN IS NOT INTENDED, AND SHOULD NOT BE CONSTRUED, AS AN OFFER FOR SALE OF THE SECURITIES IN THE UNITED STATES. THE SECURITIES DESCRIBED HEREIN MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT AND ANY APPLICABLE STATE LAWS. THERE IS NO INTENTION TO REGISTER ANY PORTION OF ANY OFFERING IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES. PLEASE SEE “IMPORTANT NOTICE” AT THE END OF THIS ANNOUNCEMENT.
CIMC RAFFLES OFFSHORE (SINGAPORE) LIMITED
(FORMERLY KNOWN AS YANTAI RAFFLES SHIPYARD LIMITED) (Incorporated in Singapore on 7 March 1994) (Registration Number 199401560D)
PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF SHARES DESPATCH OF THE OFFERING CIRCULAR AND ITS ACCOMPANYING DOCUMENTS
Unless otherwise defined, all terms used herein shall bear the same meanings as in the Offering Circular (defined below).
DESPATCH OF THE OFFERING CIRCULAR
The Directors of CIMC Raffles Offshore (Singapore) Limited (“CIMC Raffles”) wish to announce that copies of the offering circular dated 15 July 2010 (“Offering Circular”) in relation to the Rights Issue together with copies of the PAL and the VPS Subscription Form, as the case may be, will be despatched by the Company to the Entitled Shareholders on or around 16 July 2010. A copy of the Offering Circular is attached hereto.
The Offering Circular and the accompanying PAL and VPS Subscription Form have not been and will not be approved by, lodged with or registered by any regulatory body or authority in any jurisdiction. In particular, the Offering Circular and the accompanying PAL and VPS Subscription Form do not constitute a prospectus or an offer information statement under the Securities and Futures Act, Chapter 289 of Singapore, and have not been lodged with, registered by or approved by the Monetary Authority of Singapore, and also do not constitute a prospectus under the Norwegian Securities Trading Act of 29 June 2007 and have not been reviewed or approved by or registered with the Register of Business Enterprises, the Financial Supervisory Authority of Norway or any other regulatory body or authority in Norway.
ACCEPTANCES OF PROVISIONAL ALLOTMENTS OF RIGHTS SHARES, SUBSCRIPTIONS FOR RIGHTS SHARES AND APPLICATIONS FOR EXCESS RIGHTS SHARES
Acceptances of provisional allotments of Rights Shares and (if applicable) applications for excess Rights Shares under the Rights Issue may be made by Entitled Registered Shareholders only on the PAL through the Share Registrar.
Subscriptions for Rights Shares (including, if applicable, subscription for excess Rights Shares) under the Rights Issue may be made by Entitled VPS Shareholders only on the VPS Subscription Form through the VPS Registrar.