Bloks Group Limited — Capital/Financing Update 2007

Oct 3, 2007

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(Incorporated in Bermuda with limited liability)

(Stock code: 182)

ANNOUNCEMENT

Reference is made to the circular of the Company dated 13 July 2007 (the “Circular”). The Company would like to inform the Shareholders that no part of the First Tranche Convertible Note was converted on or before 30 September 2007.

Reference is made to the Circular of the Company, capitalised terms used in this announcement have the same meanings as those defined in the Circular of the Company unless otherwise stated.

The Company would like to inform the Shareholders that no part of the First Tranche Convertible Note was converted on or before 30 September 2007. As at 30 September 2007, the principal amount of the First Tranche Convertible Note remained at HK$100,000,000. As at 30 September 2007, the number of issued Shares was 3,760,379,669 which was the same number of Shares in issue as at 1 September 2007.

As at the date of this announcement, the Board comprises six executive directors, namely, Mr. Ko Chun Shun, Johnson, Mr. Liu Shunxing, Mr. Tsoi Tong Hoo, Tony, Mr. Chan Kam Kwan, Jason, Mr. Wong Fan, Frank and Mr. Yeung Heung Yeung, one non-executive director, namely, Mr. Kelvin Edward Flynn and three independent non-executive directors, namely, Mr. Ho Tak Man, Billy, Mr. Yap Fat Suan and Dr. Wong Yau Kar, David.

By order of the Board Jason Chan Company Secretary

Hong Kong, 3 October 2007

* for identification purposes only