29 January 2016

                                 Globe Capital Limited                             

                          ("GLOBE CAPITAL" or the "Company")                       

          Placing of 95,714,285 New Shares to raise £100,500, Warrants Issue       

                                and Directorate Change                             

    Placing of New Shares

    The Company is delighted to announce that it has raised £100,500 (before
    expenses) by way of a placing of 95,714,285 New Ordinary Shares at 0.00105
    pence each, with its shareholders David Barnett, Toddbrook Investments Limited,
    Boxerdome Enterprise FZE and DHD Impex Pte Limited at a placing price of
    0.00105 pence ("Placing Price") per new Ordinary share of 0.001 pence each (the
    "Placing").

    In addition, the company has granted Alexander David new Ordinary Shares of
    18,900,000 at 0.00105 pence each at the valuation of the company's new shares
    being admitted to trading on ISDX Growth Market.

    The proceeds of the placing will be used to further support the Company's
    working capital requirements.

    The 114,614,285 new Ordinary Shares will be admitted to trading on ISDX Growth
    Market today, 29 January 2016.

    Following the Placing, the issued share capital of the Company will increase to
    189,253,085 ordinary shares of 0.001 pence each. This figure may be used by
    shareholders as the denominator for the calculations by which they will
    determine if they are required to notify their interest in, or a change to
    their interest in, the share capital of the Company under the Disclosure and
    Transparency Rules.

    The following parties have an interest of more than 3% in the shares of the
    Company:

    Shareholder Name                        Number of Ordinary       Percentage Holding
                                            Shares                                     
                                                                                       
    DAVID BARNETT                                          5,742,857              3.30%
                                                                                       
    TODDBROOK INVESTMENTS LIMITED                          5,742,857              3.30%
                                                                                       
    LIAO CHUNLAN                                          17,270,275              9.13%
                                                                                       
    SZE THYE GROUP LIMITED                                38,199,750             20.18%
                                                                                       
    BOXERDOME ENTERPRISE FZE                              40.838,095             21.58%
                                                                                       
    DHD IMPEX PTE LTD                                     43,390,476             22.93%

    Warrants Issue

    The Company has also issued warrants which, upon exercise, will equal the
    amount of shares, at an exercise price of £0.0025 for each of the New Ordinary
    Shares to David Barnett, Toddbrook Investments Limited, Boxerdome Enterprise
    FZE and DHD Impex Pte Limited.

    As disclosed above David Barnett is the beneficial owner of 5,742,857 Ordinary
    Shares and Warrants owner of 5,742,857 Shares exercisable at £0.0025 per share.

    Directorate Change

    The Board of Directors wishes to announce that Wong Xinyan, the Company's Chief
    Executive Officer, has stepped down from the role of Chief Executive Officer
    and the Board with immediate effect. The Company would like to thank Mr Wong
    for his time and contribution to the Company over his term. The Board has also
    appointed David Barnett as Director, with immediate effect.

    David Barnett (age 65, Director)

    David Barnett is a fashion consultant and a Director of Barnett Fashion Agency
    Limited. He has over 30 years' experience within the menswear wholesale
    environment and represented several menswear brands.

    David Barnett current and past (five years) directorships are as follows:

    Current directorships                  Past directorships (last five years)  
                                                                                 
                                                                                 
    Barnett Fashion Agency Limited         Pendleton & Cross Limited             
                                           Stingray Leather Goods UK Limited     

    Other than the above there are no further disclosures required under Rule 70
    and paragraph 21 of Appendix 1 of the ISDX Growth Market Rules for Issuers.

    The directors of Globe Capital Limited accept responsibility for this
    announcement.

    For further information please contact:

    Christopher Neo                                    Globe Capital
    Limited                            +44 (0)20 3286 6388

    David Scott / James Dewhurst               Alexander David Securities
    Limited        +44 20 7448 9820