G-Resources Group Limited — Capital/Financing Update 2014

Dec 3, 2014

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

PALADIN LIMITED

(Incorporated in Bermuda with limited liability) (Stock code: 495 and 642 (Preference Shares))

RESULTS OF THE OPEN OFFER OF CONVERTIBLE NOTES WITH AN ORDINARY SHARE ALTERNATIVE

Reference is made to (1) the announcement of the open offer of Paladin Limited (the “ Company ”) dated 26 September, 2014; (2) the open offer offering document of the Company dated 29 October, 2014 (the “ Offering Document ”) and (3) the announcement of the results of the open offer dated 20 November, 2014 (the “ Results Announcement ”). Unless otherwise stated, capitalised terms used herein shall have the same meanings as defined in the Offering Document.

UPDATE PROGRESS REGARDING THE APPLICATIONS ON EAFs

Further to the Results Announcement, the Company is still in discussion with the Stock Exchange regarding the treatment of the applications on EAFs which are for in excess of 100% of the entire amount of Ordinary Shares available for subscription in the Open Offer. Accordingly, no allocations have been made in respect of applications on EAFs.

While the Board is seeking to resolve the concerns on the excess applications, in order not to prejudice applicants the Board has determined to allow applicants on EAFs who wish to do so to withdraw their applications, and the application money sent with those applications will be refunded on application, by writing to the Company at Suite 2304, 23rd Floor, Sun Life Tower, The Gateway, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong.

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FURTHER REVISED TIMETABLE

Given that the concerns with the EAFs are yet to be resolved, certificates for the Convertible Notes and the Ordinary Shares in the Share Alterative in respect of applications on EAFs, and refund cheques will not be despatched to the relevant Shareholders on 3 December, 2014 but will be further postponed to a date expected to be no later than 8 December, 2014, and dealings in the Ordinary Shares allotted to applicants on EAFs are expected to commence on the Business Day immediately following the despatch of relevant share certificates.

A revised timetable relating to (i) the despatch of certificates for the Convertible Notes and the Ordinary Shares in the Share Alternative in respect of valid applications on EAFs under the Open Offer; (ii) posting of refund cheques in respect of wholly or partially unsuccessful applications for excess Convertible Notes and, or Ordinary Shares in the Share Alternative; and (iii) commencement of trading in the Ordinary Shares allotted to applicants on EAFs will be announced as soon as the concerns with the EAFs are resolved.

By order of the Board Paladin Limited Oung Shih Hua, James Chairman

Hong Kong, 3 December, 2014

As at the date of this announcement, the Chairman and executive director of the Company is Dr. Oung Shih Hua James; the two non-executive directors of the Company are Mr. Yuen Chi Wah and Mr. Chan Chi Ho; and the independent non-executive directors of the Company are Mr. Kwok Wai Chi and Professor Huang Weizong Martin.

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