ICO Group Limited — Capital/Financing Update 2011

Sep 15, 2011

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.

(Incorporated in Bermuda with limited liability)

(Stock Code : 630)

DESPATCH OF PROSPECTUS DOCUMENTS

The Board is pleased to announce that the Prospectus Documents have been despatched to the Qualifying Shareholders on 15 September 2011. The Company will proceed with the Rights Issue in accordance with the expected timetable as set out in the Prospectus.

Reference is made to (i) the circular dated 12 August 2011 issued by the Company in relation to, among other matters, the Capital Reorganisation, the Redemption of the Ugent Bonds and the Rights Issue; and (ii) the prospectus dated 15 September 2011 issued by the Company (the “Prospectus”) in relation to the Rights Issue. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Prospectus.

The Board is pleased to announce that the Prospectus Documents have been despatched to the Qualifying Shareholders on 15 September 2011. The Company will proceed with the Rights Issue in accordance with the expected timetable as set out in the Prospectus.

The Rights Issue is conditional, inter alia, upon the Underwriting Agreement not being terminated by the Underwriters in accordance with the terms of the Underwriting Agreement. Details of the circumstances under which the Underwriters may terminate the Underwriting Agreement are set out in the Prospectus. Accordingly, the Rights Issue may or may not proceed. Shareholders and potential investors of the Company should therefore exercise extreme caution when dealing in the Shares, and if they are in any doubt about their positions, they should consult their own professional advisers.

• For identification purposes only

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Dealings in the Rights Shares in nil-paid form are expected to take place from Monday, 19 September 2011 to Monday, 26 September 2011 (both days inclusive). If prior to 5:00 p.m. on Monday, 3 October 2011 (or such other time as the Underwriters may agree with the Company), the Underwriters terminate the Underwriting Agreement (see the paragraph headed ‘‘Termination of the Underwriting Agreement’’ in the Prospectus) or if any of the conditions precedent to the Rights Issue (see the paragraph headed ‘‘Conditions of the Rights Issue’’ in the Prospectus) cannot be fulfilled or is not waived, the Rights Issue will not proceed.

By Order of the Board Guojin Resources Holdings Limited Yip Wai Lun, Alvin Chairman and Managing Director

Hong Kong, 15 September 2011

As at the date of this announcement, Mr. Yip Wai Lun, Alvin, Ms. Lam Suk Ling, Shirley and Mr. Lee Cheuk Yin, Dannis are the executive Directors and Mr. Leung Ka Kui, Johnny, Mr. Chan Kam Kwan, Jason and Mr. Lau Man Tak are the independent non-executive Directors.

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