Magnus Energy Group to assist with SFA breach investigations

Police requested critical data.

The Board of Directors of Magnus Energy Group Ltd. wishes to announce that MEG Global Ventures Pte. Ltd. (MGV), APAC Coal Limited (APAC), subsidiaries of the Company, and Wallmans Limited (Wallmans), its former subsidiary, have received Notices dated 2 April 2014 from the Commercial Affairs Department of the Singapore Police Force (CAD) requiring MGV, APAC and Wallmans’ assistance with the CAD’s investigations into an offence under the Securities and Futures Act, Chapter 289 (SFA).

The CAD has requested for access to, all corporate electronic data, information technology equipment and data storage devices belonging to Mr Koh Teng Kiat, the Executive Director of the Company and Mr Luke Ho Khee Yong, the Chief Financial Officer of the Company and all other relevant documents from 1 January 2011 to date.

The company assured that the business and operations will not be affected by the investigations and will continue as normal. It will also monitor the progress of the investigation and make such further
announcements as required.