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This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company.

ASIA ENERGY LOGISTICS GROUP LIMITED

亞 洲 能 源 物 流 集 團 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 0351)

CLOSING OF THE FIRST SUB-TRANCHE OF THE TRANCHE 1 NOTES UNDER THE SUBSCRIPTION AGREEMENT

Reference is made to the circular of Asia Energy Logistics Group Limited dated 13 March
2015 (the ''Circular'') in relation to the issue of the Convertible Notes. Capitalised terms used in this announcement shall have the same meanings as those defined in the Circular unless
otherwise stated herein.
The Board is pleased to announce that all the conditions precedent to the closing of the first sub-tranche of the Tranche 1 Notes have been fulfilled and closing of the first sub-tranche of the Tranche 1 Notes took place on 2 April 2015 (the ''Closing Date'').
The Tranche 1 Notes have a principal amount of HK$60 million which comprise 24 equal sub- tranches of Convertible Notes of HK$2.5 million each. On the Closing Date, the Company issued the Convertible Notes in an aggregate principal amount of HK$5 million to the Subscriber.
Pursuant to the Subscription Agreement, the Conversion Downside Price in respect of the
Tranche 1 Notes is HK$0.073 per Share.
The Company will publish an announcement on the Business Day following the Conversion Date of the Tranche 1 Notes to inform the Shareholders of the Conversion Price, and whether it is a Fixed Conversion Price or a Floating Conversion Price.
By order of the Board
Asia Energy Logistics Group Limited
Liang Jun
Executive Director
2 April 2015
As at the date of this announcement, the executive directors of the Company are Mr. Liang Jun, Mr. Fung Ka Keung, David and Ms. Yu Sau Lai; the non-executive directors of the Company are Mr. Yu Baodong (Chairman), Mr. Tse On Kin and Ms. Sun Wei; and the independent non- executive directors of the Company are Mr. Chan Chi Yuen, Mr. Zhang Xi and Prof. Sit Fung Shuen, Victor.

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