CHINA ENERGY LIMITED (Company Registration No. 200510060K) (Incorporated in the Republic of Singapore) TRANSFER OF 10,000,000 WARRANTS FROM THE ROYAL BANK OF SCOTLAND N.V. TO THE ROYAL BANK OF SCOTLAND PLC

Where capitalised terms are used in this announcement and not otherwise defined, such capitalised terms shall bear the same meanings as ascribed to them in the Company's announcements on 8 April
2009, 8 June 2009 and 31 July 2009 relating to the Warrants.
The Board of Directors of China Energy Limited (the "Company") wishes to announce that the 10,000,000 warrants (the "Warrants") which were issued to The Royal Bank of Scotland N.V., Singapore Branch ("RBS N.V.") (formerly known as ABN AMRO Bank N.V., Singapore Branch) on 7 April 2009, have been transferred to The Royal Bank of Scotland PLC ("RBS PLC") due to corporate restructuring of RBS N.V. and RBS PLC.
The Board of the Company further announces that the Company has received an undertaking from the holder of the Warrants, RBS PLC, that it will not, and will procure an undertaking from any subsequent transferee or assignee to the Company that it will not, transfer or assign the Warrants to any person referred to in Rule 812 of the Listing Manual, subject to the conditions specified in Rule 812 of the Listing Manual.
With the above disclosures, the Company wishes to announce that it continues to comply with all the conditions attached to the in-principle approval from the SGX-ST of the Company's application for the listing and quotation of up to 10,000,000 shares upon the exercise of the Warrants received on 5 June
2009.

BY ORDER OF THE BOARD CUI LIANGUO EXECUTIVE CHAIRMAN AND CHIEF EXECUTIVE OFFICER 15 MAY 2012
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