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361 Degrees International Limited 361 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1361) OVERSEAS REGULATORY ANNOUNCEMENT

This overseas regulatory announcement is a reproduction of the announcement made by 361 Degrees International Limited (the "Company") in compliance with Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, which requires a listed issuer to announce any information released to any other stock exchange on which its securities are listed at the same time as the information is released to that other exchange. Please refer to the attached announcement on the next page issued on the Singapore Exchange Securities Trading Limited by the Company on 23 April 2014.
By order of the Board

361 Degrees International Limited Choi Mun Duen

Company Secretary

Hong Kong, 23 April 2014
As at the date of this announcement, the Directors are:

Executive Directors: Mr. Ding Wuhao, Mr. Ding Huihuang (Chairman), Mr. Ding Huirong and Mr. Wang Jiabi

Independent non-executive Directors: Mr. Yan Man Sing Frankie, Mr. Tsui Yung Kwok and Mr. Sun Xianhong

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361 Degrees International Limited 361

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1361)

REPURCHASE AND CANCELLATION OF CONVERTIBLE BONDS

Reference is made to the announcement (the "Announcement") of 361 Degrees International Limited (the "Company") dated 13 March 2012 in relation to the issuance of US$150,000,000 4.5% convertible bonds (the "Convertible Bonds") due on 3 April 2017. Capitalised terms defined in the Announcement have the same meanings when used herein, unless the context requires otherwise. The Convertible Bonds are listed on the Singapore Exchange Securities Trading Limited.
The Board wishes to announce that on 10 and 11 April 2014, the Company repurchased, in accordance with the terms and conditions of the Convertible Bonds (the "Conditions"), Convertible Bonds having an aggregate principal amount of US$11,000,000 (the "Repurchased Bonds"), representing approximately
8.18% of the aggregate principal amount of the US$134,500,000 outstanding Convertible Bonds, by way of over-the-counter purchases.
The Board further announces that:
(1) the settlement of the Repurchased Bonds repurchased on 10 and 11 April 2014 has taken place on
23 April 2014;
(2) all the Repurchased Bonds have been cancelled on 23 April 2014 in accordance with the Conditions;
and
(3) immediately following the cancellation of the Repurchased Bonds, the aggregate principal amount of the remaining outstanding Convertible Bonds will be US$123,500,000.
This is the 4th announcement in relation to the repurchase and cancellation of Convertible Bonds made by the Company, utilizing available cash resources, and the Company may make further purchases as when the conditions are deemed appropriate.
By order of the Board

361 Degrees International Limited Choi Mun Duen

Company Secretary

Hong Kong, 23 April 2014
As at the date of this announcement, the Directors are:

Executive Directors: Mr. Ding Wuhao, Mr. Ding Huihuang (Chairman), Mr. Ding Huirong and Mr. Wang Jiabi

Independent non-executive Directors: Mr. Yan Man Sing Frankie, Mr. Tsui Yung Kwok and Mr. Sun Xianhong

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