KINERGY LIMITED 
By by
KINTRAS PTE. LTD. (Incorporated in the Republic of Singapore) (Company Registration No. 201227107M)to acquire all the issued ordinary shares of
KINERGY LTD (Incorporated in the Republic of Singapore) (Company Registration No.: 198800021D) DISCLOSURE OF LEVEL OF ACCEPTANCES 1. INTRODUCTION
1.1 Offer. Kintras Pte. Ltd. (the "Offeror") refers to the offer document dated 28 December 2012 (the "Offer Document") in connection with the voluntary unconditional cash offer (the "Offer") by the Offeror to acquire all the issued ordinary shares ("Shares") of Kinergy Ltd ("Company").
1.2 Defined Terms. All capitalised terms used and not defined herein shall have the same meanings given to them in the Offer Document.
Pursuant to Rule 28.1 of the Code, the Offeror wishes to announce that:
2.1 Acceptances of the Offer. As at 5.00 p.m. (Singapore time) on 18 January 2013 (the"Reference Date"), the Offeror has received valid acceptances in respect of an aggregate of
31,278,925 Shares, representing approximately 23.98 per cent. of the Shares in issue as at the Reference Date. This includes the valid acceptances received from parties acting in concert with the Offeror of 16,331,925 Shares, representing approximately 12.52 per cent. of the Shares in issue as at the Reference Date.
2.2 Shares held as at the Offer Announcement Date. As at the Offer Announcement Date, the Offeror and parties acting in concert with the Offeror owned, controlled, acquired or had agreed to acquire an aggregate of 107,872,000 Shares1, representing approximately 82.75 per cent of the Shares2 in issue as at the Reference Date.
2.3 Shares acquired or agreed to be acquired between the Offer Announcement Date and up to 5.00 p.m. (Singapore time) on the Reference Date. Between the Offer Announcement Date and as at 5.00 p.m. (Singapore time) on the Reference Date, excluding the acceptances which have been received in respect of the Offer, the Offeror has not acquired or agreed to acquire3 any Shares.
Accordingly, as at 5.00 p.m. (Singapore time) on the Reference Date, the Offeror and parties acting in concert with the Offeror owned, controlled, acquired or have agreed to acquire (including by way of valid acceptances of the Offer), an aggregate of 123,069,000Shares, representing approximately 94.37per cent. of the Shares in issue as at the Reference Date.
2
The directors of the Offeror (including those who may have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this Announcement are fair and accurate and that no material facts have been omitted from this Announcement, and they jointly and severally accept responsibility accordingly. Where any information has been extracted or reproduced from published or otherwise publicly available sources or obtained from the Company, the sole responsibility of the directors of the Offeror has been to ensure through reasonable enquiries that such information has been accurately and correctly extracted from such sources or, as the case may be, accurately reflected or reproduced in this Announcement.
For and on behalf of
Director
18 January 2013
Singapore
Any inquiries relating to this Announcement or the Offer should be directed to the following person:
Kintras Pte. Ltd.
Tel: 6481 0211 (ext. 233)
1 This represents the aggregate of 107,872,000 Shares owned and/or controlled by the Offeror and persons acting in concert with the Offeror as at the Offer Announcement Date.
2 Based on 130,414,000 Shares in issue as at the Reference Date.
3 In this Announcement, the Shares agreed to be acquired pursuant to a trade on the SGX-ST on a trade date are regarded as Shares already acquired on that trade date, notwithstanding that settlement of that trade will occur three market days later.
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