Regent Pacific Group Limited — M&A Activity 2011

May 11, 2011

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(Incorporated in the Cayman Islands with limited liability) Stock Code: 0575 11 May 2011

ANNOUNCEMENT

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.

TERMINATION OF BCI ACQUISITION FOLLOWING WITHDRAWAL OF BCI BOARD RECOMMENDATION

SUMMARY

The board of BCI has withdrawn its recommendation that BCI shareholders vote in favour of the Company’s cash offer to acquire all the issued share capital in BCI and BCI has accordingly terminated the scheme of arrangement with the Company.

Regent Pacific Group Limited (the “ Company ”) notes that the board of BC Iron Limited (“ BCI ”) has withdrawn its recommendation that BCI shareholders vote in favour of the Company’s cash offer to acquire all the issued share capital in BCI and BCI has accordingly terminated the scheme of arrangement with the Company.

The Company’s all cash offer was previously unanimously recommended by the board of BCI.

On 10 May 2011, the Company was informed by the board of BCI of its decision to withdraw its unanimous recommendation of the offer following receipt of a report from the independent expert, KPMG, opining that the cash offer of A$3.30 per share is not fair and not reasonable and therefore is not in the best interests of the BCI

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Regent Pacific Group Limited Suite 1001, Henley Building 5 Queen's Road Central Hong Kong

Tel: (852) 2514 6111 Fax: (852) 2810 4792 | (852) 2509 0827 Email: info@regentpac.com Website: www.regentpac.com

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shareholders as a whole.

Commenting on the termination of the transaction, Jamie Gibson, Chief Executive Officer of the Company said:

“Regent Pacific will not increase its offer price above A$3.30 per share, which we consider full and fair.

“Regent Pacific applies a disciplined approach to employing capital and will continue to focus on the many significant and varied growth opportunities available to us across the various natural resources we follow.”

On Behalf of the Board of

Regent Pacific Group Limited

Jamie Gibson

Director

Directors of the Company: James Mellon (Co-Chairman)[] Stephen Dattels (Co-Chairman)[] Jamie Gibson (Chief Executive Officer) David Comba[#] Julie Oates[#] Mark Searle[#] Jayne Sutcliffe[*]

• Non-Executive Directors

# Independent Non-Executive Directors

Hong Kong, 11 May 2011

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Regent Pacific Group Limited Email: info@regentpac.com Website: www.regentpac.com

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