- CLOSING AND LISTING



1. RESULTS OF RIGHTS CUM WARRANTS ISSUE

1.1 Level of Subscription. The board of directors of ecoWise Holdings Limited  is pleased to announce that, as at the close of the Rights cum Warrants Issue on 7 November 2007, valid acceptances and excess applications for a total of 576,506,807 Rights Shares with Warrants were received, representing approximately 230.6% of the total number of 249,975,000 Rights Shares with Warrants that were available under the Rights cum Warrants Issue.

Details of the valid acceptances and excess applications for Rights Shares with Warrants received are as follows:-
(i) valid acceptances were received for a total of 249,549,627 Rights Shares with Warrants, representing approximately 99.8% of the total number of Rights Shares with Warrants available under the Rights cum Warrants Issue; and
(ii) excess applications were received for a total 326,957,180 Rights Shares with Warrants, representing approximately 130.8% of the total number of Rights Shares with Warrants available under the Rights cum Warrants Issue (?Excess
Applications?).

1.2 Allocation of Rights Shares with Warrants for Excess Applications. The Company wishes to announce that the balance of 425,373 Rights Shares with Warrants which were
not subscribed, were allocated to satisfy the Excess Applications. In compliance with its obligations under the SGX-ST Listing Manual, the Company had, in the allotment of
excess Rights Shares with Warrants, given preference to the Shareholders for the rounding of odd lots, and Substantial Shareholders and Directors ranked last in priority.

2. ALLOTMENT OF RIGHTS SHARES WITH  WARRANTS
CDP will send to Entitled Depositors and Entitled Scripholders and their renouncees (who have furnished valid Securities Account numbers in the relevant form comprised in the
PAL) with valid acceptances and successful applications for excess Rights Shares with Warrants by ordinary post, at their own risk, to their mailing addresses in Singapore as maintained with CDP, a notification of the number of Rights Shares with Warrants that have been credited to their respective Securities Accounts, on or about 23 November 2007.
In the case of Entitled Scripholders and their renouncees with valid acceptances and successful applications of excess Rights Shares with Warrants and who have, inter alia, failed to furnish or furnished incorrect or invalid Securities Account numbers in the relevant form in the PAL, share certificates representing such number of Rights Shares with Warrants will be sent by registered post, at their own risk, to their respective mailing
addresses in Singapore as maintained with the Share Registrar, on or about 23 November 2007.

3. REFUND AND PAYMENT
Where any acceptance for Rights Shares with Warrants and/or Excess Application is invalid or unsuccessful, the amount paid on acceptance and/or application will be returned or refunded to such applicants without interest or any share of revenue or other
benefit arising therefrom by:-
(i) ordinary post, and in the case of a refund, by means of a crossed cheque drawn on a bank in Singapore (where the acceptance and/or application is through CDP or the Share Registrar) on or about 23 November 2007, at their own risk, to their mailing addresses in Singapore as maintained with CDP or the Share Registrar;
or
(ii) crediting their bank accounts with the relevant Participating Banks (where acceptance and/or application is through Electronic Application) on or about 23 November 2007, at their own risk, the receipt by such bank being a good discharge by the Company and CDP of their obligations. The net proceeds from the sale of provisional allotments of Rights Shares, which would otherwise have been provisionally allotted to Foreign Shareholders, on the SGX Sesdaq will be paid to such Foreign Shareholders after deduction of all expenses therefrom by
means of a crossed cheque drawn on a bank in Singapore and sent by ordinary post on or about 23 November 2007, at their own risk, to their relevant addresses as maintained with CDP or the Share Registrar. In respect of an Entitled Depositor whose Cash Dividend has not been fully utilised to subscribe for the Rights Shares with Warrants, the unutilised Cash Dividend will be paid to such Entitled Depositor by any one or a combination of the following:-
(i) crediting his bank account via CDP?s Direct Crediting Service (where details of such bank account have been provided to CDP), at his own risk, on or about 27 November 2007; or
(ii) by means of a crossed cheque drawn on a bank in Singapore and sent by ordinary post on or about 27 November 2007, at his own risk, to his mailing address as maintained with CDP.

In respect of an Entitled Scripholder whose Cash Dividend has not been fully utilised to subscribe for the Rights Shares with Warrants, the unutilised Cash Dividend will be paid to such Entitled Scripholder by means of a crossed cheque drawn on a bank in Singapore and sent by ordinary post on or about 27 November 2007, at his own risk, to his mailing address as maintained with the Share Registrar.

In respect of a Foreign Shareholder, his Cash Dividend will be paid to him by any one or a combination of the following:-
(i) crediting his bank account via CDP?s Direct Crediting Service (where details of such bank account have been provided to CDP), at his own risk, on or about 27 November 2007; or
(ii) by means of a crossed cheque drawn on a bank in Singapore and sent by ordinary post on or about 27 November 2007, at his own risk, to his relevant address as maintained with CDP or the Share Registrar. 

4. CLOSING AND LISTING
4.1 Closing. The Company expects that 249,975,000 Rights Shares and 83,325,000 Warrants shall be issued pursuant to the Rights cum Warrants Issue on or about 22 November 2007.
4.2 Listing and Quotation. The Company further expects that the 249,975,000 Rights Shares and 83,325,000 Warrants will be listed and quoted on the Official List of the SGX Sesdaq with effect from 9.00 a.m. on or about 23 November 2007 and 26 November 2007 respectively.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2D6B9E2105FCA001482573950032F9C9/$file/ecoWise_Results-of-RI.pdf?openelement-