MAGNUS ENERGY GROUP LTD.

(Incorporated in Singapore) (Registration No. 198301375M)

RESIGNATION OF DEPUTY COMPANY SECRETARY

The Board of Directors of Magnus Energy Group Ltd (the "Company") wishes to announce the resignation of Ms Angeline Chow Yin Nei ("Ms Chow") as the Deputy Company Secretary of the Company with effect from 31 December 2016.

The Board wishes to take this opportunity to thank Ms Chow for her services and contributions to the Group during her term in office and the Board extends their best wishes to Ms Chow in her future endeavours. Mr Ong Sing Huat shall continue as the Company Secretary of the Company.

BY ORDER OF THE BOARD

Magnus Energy Group Ltd.

Luke Ho Khee Yong Chief Executive Officer 27 December 2016

About Magnus Energy Group Ltd. (www.magnusenergy.com.sg) Listed since 04 August 1999

Incorporated in 1983, SGX Catalist Board-listed Magnus Energy Group Ltd. ("Magnus") is an investment holding company with a diversified portfolio comprising oil, coal and gas assets, oil and gas equipment distribution, renewable energy and natural resources trading, property and infrastructure development, and industrial waste water treatment.

Magnus aims to maximise shareholder value through strategic investments in profitable projects and acquisitions globally with the goal of broadening the Group's earnings base and shareholder value.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

The announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Bernard Lui. Tel: 6389 3000 Email: bernard.lui@morganlewis.com

Page 1 of 1

Magnus Energy Group Ltd. published this content on 04 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 January 2017 01:32:05 UTC.

Original documenthttp://www.magnusenergy.com.sg/download/70/2016/4298/magnus_resignation-of-deputy_secretary_20161227.pdf

Public permalinkhttp://www.publicnow.com/view/919E5CABECC6163DA967A97BDEA9ED22858CC4D0