GMG GLOBAL LTD (Incorporated in the Republic of Singapore) (Company Registration No. 199904244E) PROPOSED CONSOLIDATION OF EVERY TEN (10) EXISTING ISSUED ORDINARY SHARES INTO ONE (1) CONSOLIDATED SHARE RECEIPT OF APPROVAL IN-PRINCIPLE FROM THE SGX-ST

Capitalised words which are not defined in this announcement shall carry the same meanings ascribed to them in the announcement made by the Company on 17 March 2015 (the "Announcement").

1. INTRODUCTION

The Board of Directors (the "Board" or the "Directors") of GMG Global Ltd (the "Company") refers to the Announcement in relation to the proposed share consolidation of every ten (10) existing issued ordinary shares in the share capital of the Company (the "Shares") registered in the name, or standing to the credit of the Securities Account, of each shareholder of the Company (the "Shareholder") (as the case may be) as at a books closure date to be determined by the Directors (the "Books Closure Date") into one (1) consolidated share (the "Consolidated Share"), fractional entitlements to be disregarded (the "Proposed Share Consolidation").

2. RECEIPT OF APPROVAL IN-PRINCIPLE

Further to the Announcement, the Board is pleased to announce that the Company had, on
30 March 2015, received approval in-principle from the Singapore Exchange Securities Trading Limited (the "SGX-ST") for the listing and quotation of the Consolidated Shares (the "Approval In-principle").

3. CONDTIONS OF THE APPROVAL IN-PRINCIPLE

The Approval In-principle is subject to:
(a) the approval of Shareholders by ordinary resolution at an AGM of the Company to be convened; and
(b) compliance with the SGX-ST's listing requirements.

4. APPROVAL IN-PRINCIPLE NOT TO BE TAKEN AS INDICAITON OF MERITS

The Approval In-principle is not to be taken as an indication of the merits of the Proposed Share Consolidation, the Consolidated Shares, the Company, its subsidiaries or their securities.

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5. APPENDIX TO NOTICE OF AGM

5.1 An appendix to the notice of the AGM, containing, inter alia, further details of the Proposed Share Consolidation will be despatched to Shareholders in due course. The Company will make a separate announcement when the appendix to the notice of the AGM is despatched.
5.2 Meanwhile, Shareholders and potential investors of the Company are advised to exercise caution when dealing in the Company's securities. When in doubt, Shareholders and potential investors are to seek independent advice from their stockbrokers, bank managers, solicitors, accountants or other professional advisers.

BY ORDER OF THE BOARD

Lu Ling Ling
Company Secretary
Date: 31 March 2015

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