AT S$0.12222 PER SHARE (THE ?PROPOSED PLACEMENT?)

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1. Introduction

1.1 The board of directors (?

announce that the Company had on 28 September 2013 entered into subscription

agreements (?

announcement (?

issue an aggregate of 35,700,000 new ordinary shares in the capital of the Company

(?

for the Subscription Shares, at S$0.12222 per Subscription Share (?

an aggregate amount of S$4,363,254 (?

1.2 In consideration of the Subscribers agreeing to subscribe the Subscription Shares, the

Company had, pursuant to each of the Subscription Agreements, granted options to the

Subscribers to subscribe for an aggregate of 35,700,000 additional shares in the capital of the

Company (?

aggregate amount of S$4,363,254 (?

may be exercised, in respect of all, but not part of, the Option Shares, by each of the

Subscribers at any time, but in any event no later than the date falling twenty-four (24) months

from the date of each of the Subscription Agreements, as the case may be (?

Date

intending to exercise an Option has completed the subscription of his/her own portion of the

Subscription Shares in accordance with the respective Subscription Agreement. The

Proposed Placement and the grant of the Options shall hereinafter be referred to as the

?

1.3 The Subscription Price and the Option Price both represent a discount of 10% to the volume

weighted average price of S$0.1358 per share in the capital of the Company (?

trades done on the Official List of the Singapore Exchange Securities Trading Limited (?

for the full market day on 27 September 2013, being the market day preceding the date

on which the Subscription Agreements were signed.

1.4 The Subscription Shares and the Option Shares (as the case may be) shall be issued free

from all claims, charges, liens and other encumbrances whatsoever and shall rank,

in all respects with the existing issued Shares save that they will not rank for any dividend,

rights, allotments or other distributions, the Record Date of which falls on or before the

completion of the Proposed Placement or the relevant subscription of the Option Shares (as

the case may be). "

determining entitlements to dividends or other distributions to or rights of holders of Shares.Directors?) of Artivision Technologies Ltd. (?Company?) wishes toSubscription Agreements?) with the persons as listed in the Appendix to thisSubscribers?), pursuant to which the Company has agreed to allot andSubscription Shares?) to the Subscribers, and the Subscribers have agreed to subscribeSubscription Price?), forProposed Placement?).Option Shares?) at S$0.1222 per Option Share (?Option Price?), for anOptions?, and each an ?Option?). The respective OptionOption Expiry?), by giving written notice to the Company, provided always that such SubscriberProposed Transaction?.Shares?) forSGXST?)pari passu,Record Date" means the date fixed by the Company for the purposes of