Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

BRIGHTOIL PETROLEUM (HOLDINGS) LIMITED

光滙石油(控股)有限公司* (Incorporated in Bermuda with limited liability) (Stock Code: 933)

ANNOUNCEMENT PURSUANT TO RULE 13.09(2) OF LISTING RULES AND PART XIVA OF DISCLOSURE INSIDE INFORMATION OF SFO AND RESUMPTION OF TRADING

This announcement is made pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules") and Part XIVA of Disclosure of Inside Information of the Securities and Futures Ordinance, Chapter 571 of the laws of Hong Kong ("SFO").
The board of directors of Brightoil Petroleum (Holdings) Limited (the "Company") hereby announces that, the Company has approached several placing agents with a view to conducting a proposed share placement exercise (the "Proposed Placement"). The Proposed Placement received positive response with an indicative over subscription. However, after a serious consideration, the Company has decided not to proceed with the Proposed Placement as the share placement ratio to the placee could not provide an effective motivation to the overall strategic development of the Company.
This decision does not exclude the intentions of the Company for potential placement exercise(s) in the future.

RESUMPTION OF TRADING

At the request of the Company, trading in the securities of the Company on the Hong Kong Stock Exchange has been halted since 9:00 a.m. on 1 April 2015 pending the release of this announcement. An application has been made by the Company to the Hong Kong Stock Exchange for the resumption of trading in the securities of the Company with effect from 1 p.m. on 1 April 2015.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board

Brightoil Petroleum (Holdings) Limited
Sit Kwong Lam

Chairman

Hong Kong, 1 April 2015

As at the date of this announcement, the Board comprises (i) five executive Directors, namely Dr. Sit Kwong Lam, Dr. Yung Pak Keung Bruce, Mr. Tang Bo, Mr. Tan Yih Lin and Mr. Mr. Justin Sawdon Stewart Murphy; (ii) one non-executive Director, namely Mr. Dai Zhujiang; and (iii) three independent non-executive Directors, namely Mr. Kwong Chan Lam, Mr. Lau Hon Chuen and Professor Chang Hsin Kang.

* for identification purpose only

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