The board of directors (the ?Board? or ?Directors?) of Oceanus Group Limited (the ?Company?, 

and together with its subsidiaries, the ?Group?) refers to the announcement made by the 

Company on 23 September 2013 in respect of Typhoon Usagi that hit the coastal areas in China 

in the third week of September 2013 (the ?23 September 2013?).

The Directors would like to provide an update to the Shareholders that the Singapore 

management of the Company has, since the 23 September 2013 Announcement, come together 

to investigate and follow up with the amount and scale of damages caused by Typhoon Usagi to 

the Group?s China operations and assets. In particular, the Singapore management visited the 

farms they could access for on-site due diligence once the access to these farms has been regained, and they have held dialogues with the Group?s PRC management and production team to 

understand the situation and extent of damages on the ground.

According to the information provided by the PRC production team based on their assessment,

Typhoon Usagi brought infrastructural damages to the abalone farming and production facilities in

some of the Group?s farms to some extent. For the Group?s abalone farms located in Hui Lai 

(Guangdong, China), there are substantial damages caused to facilities, such as the sea front 

retaining walls, pump stations and sea front generator rooms etc.. However, operations in other 

farms have been resumed.

Typhoon Usagi also wiped out some portion of the Group?s abalones. The losses in the biological 

The Board and the management are currently working actively to come up with new strategies to 

enable the Group to recover as soon as practical from the recent losses caused by Typhoon 

Usagi. 

As and when appropriate, the Company will make further announcements in relation to the above.

BY ORDER OF THE BOARD

OCEANUS GROUP LIMITED

Dr. Ng Cher Yew

Executive Chairman

04 October 2013

Oceanus Group ST: short term rebound

Alternative scenario: the downside breakout of 0.02 would call for 0.017 and 0.015.

Our pivot point is at 0.02.

Our preference: short term rebound.

Alternative scenario: below 0.02, expect 0.017 and 0.015.

Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.02 and 0.03).

Supports and resistances:
0.032 *
0.03 **
0.028
0.023 last
0.021
0.02 **
0.017 *

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