TECHNICS OIL & GAS LIMITED (Company Registration No.: 200205249E) (Incorporated in the Republic of Singapore) PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 89,805,082 WARRANTS (THE "WARRANTS") AT AN ISSUE PRICE OF S$0.125 FOR EACH WARRANT, EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW ORDINARY SHARE (EACH, A "NEW SHARE") IN THE CAPITAL OF THE COMPANY AT AN EXERCISE PRICE OF S$0.250 FOR EACH NEW SHARE, ON THE BASIS OF TWO (2) WARRANTS FOR EVERY FIVE (5) EXISTING ORDINARY SHARES IN THE CAPITAL OF THE COMPANY HELD BY THE SHAREHOLDERS OF THE COMPANY AS AT A BOOKS CLOSURE DATE TO BE DETERMINED BY THE DIRECTORS, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED (THE "WARRANTS ISSUE") - LODGEMENT AND DESPATCH OF THE OFFER INFORMATION STATEMENT

Where capitalised terms are used in this announcement and not otherwise defined, such capitalised terms shall bear the same meanings as ascribed to them in the Company's announcements dated 30 September 2013, 18 October 2013 and 8 November 2013 and in the Offer Information Statement (as defined below).

1. Lodgement and Despatch of the Offer Information Statement and its Accompanying Documents

The Board of Directors of Technics Oil & Gas Limited (the "Company") wishes to announce that the offer information statement dated 20 November 2013 (the "Offer Information Statement") relating to the Warrants Issue has been lodged with the Monetary Authority of Singapore today. The Offer Information Statement is available on MAS's website at http://masnet.mas.gov.sg/opera/sdrprosp.nsf.
The Offer Information Statement, together with the warrants and excess warrants application form (the "WEWAF") or the provisional allotment letter (the "PAL"), as the case may be, will, on
21 November 2013, be despatched to shareholders of the Company whose registered addresses with The Central Depository (Pte) Limited ("CDP") or the Company, as the case may be, were in Singapore as at 5.00 p.m. on 18 November 2013 (the "Books Closure Date") and
those who had, at least three (3) Market Days prior to the Books Closure Date, provided to CDP
or the Company, as the case may be, addresses in Singapore for the service of notices and documents (the "Entitled Shareholders").

2. Acceptances of Provisional Allotments of Warrants and (if applicable) Applications for Excess Warrants under the Warrants Issue

Acceptances of provisional allotments of Warrants and (if applicable) applications for excess
Warrants under the Warrants Issue may only be made:
(i) on the PAL through the Share Registrar (in the case of Entitled Shareholders with Shares registered in their own names (the "Entitled Scripholders")); and/or
(ii) on the WEWAF through CDP or by way of Electronic Application through an ATM of a Participating Bank (in the case of Entitled Shareholders with Shares registered in the name of CDP (the "Entitled Depositors")).
More information on the procedures for acceptance, payment and excess application by Entitled
Shareholders can be found in the Offer Information Statement, the PAL and the WEWAF.
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Trading for the provisional allotments of Warrants on the SGX-ST (the "nil-paid Warrants") will commence at 9.00 a.m. on 21 November 2013 and will end at 5.00 p.m. on 29 November 2013. Entitled Depositors who sell their nil-paid Warrants during this period need not forward the WEWAF to the purchasers of the nil-paid Warrants (the "Purchasers") as arrangements will be made by CDP for the application form for the Warrants (the "WAF") to be issued to the Purchasers. Purchasers should note that CDP will, on behalf of the Company, send the WAF accompanied by the Offer Information Statement, by ordinary post and at the Purchasers' own risk, to their respective Singapore addresses as recorded with CDP. For the avoidance of doubt, Purchasers are not eligible to subscribe for excess Warrants.

3. Foreign Shareholders and Foreign Purchasers

Foreign Shareholders will not be entitled to participate in the Warrants Issue. No provisional allotment of Warrants will be made to Foreign Shareholders and no purported acceptance thereof or application therefor by Foreign Shareholders will be valid.
Accordingly, the Offer Information Statement, together with the PAL, WEWAF or the WAF (as the case may be), will not be despatched to Foreign Shareholders or Foreign Purchasers. Foreign Purchasers who wish to accept the provisional allotments of Warrants credited by CDP to their Securities Account should make the necessary arrangements with their Depository Agents or stockbrokers in Singapore.
The Company reserves the right to reject any acceptances of the Warrants and/or applications for excess Warrants where it believes, or has reason to believe, that such acceptances and/or applications may violate the applicable legislation of any jurisdiction.

4. Where to Collect the Offer Information Statement and its Accompanying Documents

Entitled Shareholders who have not received the Offer Information Statement and its accompanying documents within a week from the date of despatch may during the period up to
5.00 p.m. on 5 December 2013 (or such other time(s) and/or date(s) as may be announced from time to time by or on behalf of the Company) obtain copies of the documents from:

In the case of Entitled Depositors, The Central Depository (Pte) Limited

4 Shenton Way
#02-01 SGX Centre 2
Singapore 068807

In the case of Entitled Scripholders,

Technics Oil & Gas Limited c/o the Share Registrar of the Company
Boardroom Corporate & Advisory Services Pte. Ltd.
50 Raffles Place
#32-01 Singapore Land Tower
Singapore 048623

5. Expected Timetable of Key Events

Entitled Shareholders should take note of the following important dates and times relating to the
Warrants Issue:
Despatch of the Offer Information Statement (together with the PAL, the WEWAF and the WAF, as the case may be) to
: 21 November 2013
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Entitled Shareholders
Commencement of trading of nil-paid Warrants entitlements : 21 November 2013
Last date and time for splitting of nil-paid Warrants entitlements
: 29 November 2013 at 5.00 p.m.
Last date and time for trading of nil-paid Warrants entitlements
: 29 November 2013 at 5.00 p.m.
Last date and time for acceptance of and payment for
Warrants and excess applications
: 5 December 2013 at 5.00 p.m. (at 9.30 p.m. for Electronic Applications)
Last date and time for renunciation of and payment for
Warrants
: 5 December 2013 at 5.00 p.m.
Expected date of issuance of Warrants : 12 December 2013
Expected date of listing and commencement of trading of Warrants on the SGX-ST (subject to there being an adequate spread of holdings of the Warrants to provide for an orderly market in the trading of the Warrants)
: 16 December 2013 from 9.00 a.m.
The above timeline is indicative only and is subject to change. As at the date of this announcement, the Company does not expect the above timeline to be modified. However, the Company may, upon consultation with the Manager, and with the approval of the SGX-ST, modify the above timeline subject to any limitation under any applicable laws. In that event, the Company will publicly announce the same through an announcement to be posted via the SGXNET.
Purchasers should also take note of the last date and time for acceptance and payment as stated above. The full details of the Warrants Issue are set out in the Offer Information Statement.
Purchasers who have not received the WAF accompanied by the Offer Information Statement may obtain the WAF and the Offer Information Statement from CDP (the address of which is as stated above) during the period up to 5.00 p.m. on 5 December 2013 (or such other time(s) and/or date(s) as may be announced from time to time by or on behalf of the Company).
BY ORDER OF THE BOARD Ting Yew Sue
Executive Chairman and Group Managing Director
20 November 2013
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