Microsoft Word - Completion Acq Ann _LL270815_ clean JEP HOLDINGS LTD. (Formerly known as Alantac Technology Ltd.) (Registration No. 199401749E) (Incorporated in the Republic of Singapore on 12 March 1994) ACQUISITION OF JEP INDUSTRADES PTE LTD (THE "ACQUISITION") - COMPLETION OF ACQUISITION - CHANGE IN CAPITAL


All capitalised terms in this announcement shall, unless otherwise defined herein, have the same meanings ascribed to them in the Company's announcement dated 15 July 2015 relating to the Acquisition.

1. Completion of the Acquisition

The Board of Directors (the "Directors") of JEP Holdings Ltd. (the "Company") refers to the announcement of the Company dated 15 July 2015 in relation to the Acquisition and is pleased to announce that the Acquisition was completed on 27 August 2015.
The Purchase Consideration for the Acquisition was partially satisfied by the issue and allotment of 120,000,000 Consideration Shares. Post completion, if there is any net profit after tax of JEP Industrades Pte Ltd ("JEPI") for each of the financial years ending 31 December 2016, 2017 and
2018, the Additional Earn Out Payment (if payable) shall be up to a maximum of S$4.0 million, provided, inter alia, that the Company shall first receive from JEPI an aggregate of S$1.0 million in dividends before any Additional Earn Out Payment is paid to the Vendors.

2. Change in capital - issue of new shares

The Consideration Shares comprise 120,000,000 fully paid up ordinary shares in the Company ("New Shares"). Pursuant to the issue of the New Shares, the entire issued share capital of the Company will be increased from 928,973,266 to 1,048,973,266 Shares.
The New Shares are expected to be listed from 9.00 A.M. on 31 August 2015.

3. Responsibility Statement

The Directors collectively and individually accept full responsibility for the accuracy of the information given in this announcement and confirm after making all reasonable enquiries, that to the best of their knowledge and belief, this announcement constitutes full and true disclosure of all material facts about the Acquisition, the issuer and its subsidiaries, and the Directors are not aware of any facts the omission of which would make any statement in this announcement misleading.

By Order of the Board
Joe Lau
Executive Chairman and
Chief Executive Officer
For and on behalf of Board of Directors of JEP Holdings Ltd.
Date: 27 August 2015

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Stamford Corporate Services Pte Ltd (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Ng Joo Khin,

Telephone number: 6389 3000, Email: jookhin.ng@stamfordlaw.com.sg

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