Global Corn Group Limited — Capital/Financing Update 2007

Oct 16, 2007

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

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

GLOBAL SWEETENERS HOLDINGS LIMITED 大成糖業控股有限公司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 3889)

STABILISING ACTIONS AND END OF STABILISATION PERIOD

The Company announces that the Stabilising Period in connection with the Share Offer ended on 13 October 2007.

The Company has been advised by Goldbond Securities as the stabilising manager that the stabilising actions (in compliance with the Securities and Futures (Price Stabilising) Rules) that have been undertaken during the Stabilising Period were (i) over-allocations of 45,000,000 Shares made in the Placing; (ii) the purchase of an aggregate of 12,330,000 Shares in the secondary market in a price range of between HK$1.85 and HK$2.03 per Share by Goldbond Securities as the stabilising manager, the last purchase of which in respect of 8,000 Shares was made on 2 October 2007 at HK$1.97 per Share; and (iii) the exercise of the Over-allotment Option for the allotment and issue of 45,000,000 Over-allotment Shares on 10 October 2007.

The Over-allotment Option was exercised in full by Goldbond Securities (on behalf of the Placing Underwriters) on 10 October 2007 in respect of 45,000,000 Over-allotment Shares.

Unless otherwise defined herein, terms used in this announcement shall have the same meanings as those defined in the prospectus dated 10 September 2007 (the “ Prospectus ”) issued by Global Sweeteners Holdings Limited (the “ Company ”).

This announcement is made pursuant to the requirements under section 9(2) of the Securities and Futures (Price Stabilising) Rules (Chapter 571W of the Laws of Hong Kong).

As stated in the announcement of the Company dated 11 October 2007, Goldbond Securities, as stabilising manager, has borrowed 45,000,000 Shares from Global Corn Bio-chem pursuant to the Stock Borrowing Agreement solely for the purpose of effecting settlement of over-allocations under the Placing. On 10 October 2007, the Over-allotment Option was exercised in full by Goldbond Securities (on behalf of the Placing Underwriters) in respect of 45,000,000 additional Shares (the “ Over-allotment Shares ”) and the Over-allotment Shares have been issued and allotted on 12 October 2007, which were used solely to cover over-allocations under the Placing.

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The Company announces that the stabilising period in connection with the Share Offer ended on 13 October 2007 (the “ Stabilising Period ”). The Company has been advised by Goldbond Securities as the stabilising manager that the stabilising actions (in compliance with the Securities and Futures (Price Stabilising) Rules) that have been undertaken during the Stabilising Period were (i) over-allocations of 45,000,000 Shares made in the Placing; (ii) the purchase of an aggregate of 12,330,000 Shares in the secondary market in a price range of between HK$1.85 and HK$2.03 per Share by Goldbond Securities, the last purchase of which in respect of 8,000 Shares was made on 2 October 2007 at HK$1.97 per Share; and (iii) the exercise of the Over-allotment Option for the allotment and issue of 45,000,000 Shares (the “ Over-allotment Shares ”) on 10 October 2007.

The Over-allotment Option was exercised in full by Goldbond Securities (on behalf of the Placing Underwriters) on 10 October 2007 in respect of 45,000,000 Over-allotment Shares. The Overallotment Shares were allotted and issued by the Company at the final Offer Price of HK$2.04 per Share (excluding of 1% brokerage, 0.004% SFC transaction levy and 0.005% Stock Exchange trading fee) on 12 October 2007. Details of the exercise of the Over-allotment Option were set out in the Company’s announcement dated 11 October 2007.

By order of the Board Global Sweeteners Holdings Limited Lee Chi Yung Company Secretary

Hong Kong, Tuesday, 16 October 2007

As at the date of this announcement, the executive Directors are KONG Zhanpeng, ZHANG Fusheng, WANG Guifeng and GE Yanping; and the independent non-executive Directors are FUNG Siu Wan Stella, YAN Man Sing Frankie, HO Lic Ki and GAO Yunchun.

* for identification purposes only

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