Ramba - Draft announcement - Completion and allotment of 1st Placement Shares (24 May 2015) RAMBA ENERGY LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: 200301668R) PLACEMENT OF 68,000,000 NEW ORDINARY SHARES ("PLACEMENT SHARES") IN THE SHARE CAPITAL OF RAMBA ENERGY LIMITED AT A PLACEMENT PRICE OF S$0.27 PER PLACEMENT SHARE ("PLACEMENT") - COMPLETION OF PLACEMENT

Unless otherwise specified herein or where the context otherwise requires, capitalised terms used in this announcement shall bear the same meaning ascribed to them in the announcements released by the Company on 30 April 2015, 14 May 2015 and 19 May 2015 in relation to the Placement (the "Announcements").

Further to the Announcements, the Board of Directors (the "Board") of Ramba Energy Limited (the
"Company") is pleased to announce that the Company has completed the Placement on 22 May
2015, following the issuance and allotment of 68,000,000 Placement Shares at a Placement Price of
S$0.27 per Placement Share.
The Placement Shares shall rank pari passu in all respects with the existing shares of the Company ("Shares") save that they will not rank for any dividend, rights, allotments or other distributions, the Record Date of which falls on or before the Completion Date. "Record Date" means the date fixed by the Company for the purposes of determining entitlements to dividends or other distributions to or rights of holders of Shares.
Upon completion of the Placement, the total number of issued Shares (excluding treasury shares)
increases from 387,282,452 Shares to 455,282,452 Shares.
The listing and quotation of the Placement Shares on the Official List of the Singapore Exchange
Securities Trading Limited is expected to take place at 9.00 a.m. on 25 May 2015.
By Order of the Board of

RAMBA ENERGY LIMITED Tan Chong Huat Non-Executive Chairman

24 May 2015

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