Casablanca Group Limited announced that based on the preliminary review of the unaudited consolidated management accounts of the Group for the eleven months ended November 30, 2013 and the management's estimate, the Group is expected to record a significant decline in unaudited consolidated profit attributable to the Shareholders for the year ending December 31, 2013 as compared to that for the corresponding period in 2012. Based on the information currently available to the Board, the percentages of decline in unaudited consolidated profit attributable to the Shareholders for the year ending December 31, 2013 as well as for the period of six months from 1 July to December 31, 2013 are expected to be less than the percentage of decline in unaudited consolidated profit attributable to the Shareholders for the period of six months ended June 30, 2013. With reference to the interim results announcement for the six months ended June 30, 2013 of the company dated August 21, 2013, the significant decline in unaudited consolidated profit attributable to the Shareholders for the period was mainly attributable to (i) the increase in concessionaire commissions on self-operated retail counters; (ii) the increase in staff costs; and (iii) the expenses of share-based payment for pre-IPO share options granted.

The significant decline in unaudited consolidated profit attributable to the Shareholders for the year ending December 31, 2013 is expected to be also primarily attributable to these factors.