CITIC Envirotech (formerly: United Envirotech)

[cyclone]

Pre-Conditional Exit Offer for the Proposed Voluntary Delisting of Citic Envirotech Ltd.

For each Offer Share: S$0.55 in cash

The Exit Offer Price represents the following premium over the historical transacted prices of the Shares on the SGX-ST:
* 48.6% Premium over Last traded price of the Shares on the SGX-ST on the Last Trading Day of S$0.370
* 61.9% Premium over VWAP per Share for the one-month period up to and including the Last Trading Day of S$0.340
* 68.5% Premium over VWAP per Share for the three-month period up to and including the Last Trading Day of S$0.326
* 65.5% Premium over VWAP per Share for the six-month period up to and including the Last Trading Day of S40.332
* 39.6% Premium over VWAP per Share for the 12-month period up to and including the Last Trading Day of S$0.394

More details in https://links.sgx.com/FileOpen/CEL.Annou...eID=584599