EUNETWORKS GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.199905625E)

EUNETWORKS GROUP LIMITED 2009 SHARE OPTION SCHEME (THE "2009 ESOS") - GRANT OF OPTIONS

The Board of Directors ("Directors") of euNetworks Group Limited (the "Company") wishes to announce that an aggregate of 1 option ("Option"), to subscribe for or purchase an aggregate of 20,000,000 shares of the Company ("Shares") (representing 0.09 per cent. of the issued share capital of the Company as at the date hereof), has today been granted to an employee of a subsidiary of the Company (the "Grantee") under the rules of the 2009 ESOS.

The volume weighted average price for a Share on the Singapore Exchange Securities Trading Limited (the "SGX-ST") over the five (5) market days immediately preceding the date hereof is S$0.0142. The last transacted price of the Shares on the SGX-ST on 4 January 2013, being

the market day immediately preceding the date hereof, is S$0.015.

Exercise No. of No. of shares Validity Performance

No Offer Date Price Options (1) in Option Period Target (2)

(S$)

1

4/1/2013

0.015

1

20,000,000

10 years

No

Notes

(1) The vesting schedule for the option is half on the 2nd year anniversary of the date of grant and one quarter of each of the 3rd and 4th year anniversaries of the date of grant.

(2) Under the terms of the 2009 ESOS, the options may be subject to certain performance targets prescribed by the

ESOS Committee of the Directors. The Option is not subject to any performance target.

The Grantee is not a Director or a controlling shareholder of the Company or an associate of a

Director or a controlling shareholder of the Company. BY ORDER OF THE BOARD

Brady Rafuse

Chief Executive Officer

4 January 2013

This announcement and its contents have been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore Branch (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Jason Chian (Director, Corporate Finance), CIMB Bank Berhad, Singapore
Branch, 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.

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