SEE HUP SENG LIMITED

NEWS RELEASE

See Hup Seng Completes S$42.4 Million Acquisition of Steel Engineering Company, Hetat Group

• Group's shareholders approved the acquisition of Hetat Group and diversification into steel engineering business

• See Hup Seng raising net proceeds of S$35.2 million through a private share placement to finance the acquisition of Hetat Group

• Group's growth to be built on three business pillars - steel engineering, corrosion prevention and refined petroleum

Singapore, 3 January 2014 - See Hup Seng Limited (