PACIFIC ANDES (HOLDINGS) LIMITED Rights Issue

The Rights Issue will be made on a renounceable basis to Entitled Shareholders on the basis of one (1) Rights Share for every one (1) existing Share standing to the credit of the Securities Accounts of the Entitled Depositors or held by the Entitled Scripholders, as the case may be, as at the Books Closure Date, and one (1) Warrant for every five (5) Rights Shares subscribed, fractional entitlements to be disregarded.

S$0.15 for each Rights Share with Warrants, payable in full on acceptance and/or application. The Issue Price represents a discount of 50.8 per cent. to the closing price of S$0.305 per Share on the SGX-ST on 21 May 2009, being the last trading date immediately prior to the date of the Announcement.


IMPORTANT DATES AND TIME
Last date and time for splitting : 10 July 2009 at 5.00 p.m.
Last date and time for acceptance and payment* : 16 July 2009 at 5.00 p.m.
Last date and time for renunciation and payment : 16 July 2009 at 5.00 p.m.
Last date and time for excess application and payment* : 16 July 2009 at 5.00 p.m.

* The last date and time for acceptance and/or excess application and payment
through an ATM (as defined herein) of a Participating Bank (as defined herein)
is 16 July 2009 at 9.30 p.m.

Offer Document