Equity Listing - Ordinary Shares::Issue and Allotment of 28,942,727 New Ordinary Shares in the Capital of the Company

MERCURIUS CAPITAL INVESTMENT LIMITED

(Incorporated in Singapore)

(Company Registration No. 198200473E)

ISSUE AND ALLOTMENT OF 28,942,727 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY

The board of directors (the "Board") of Mercurius Capital Investment Limited (the "Company") refers to the Company's announcements (the "Announcements") as follows:

1. announcement dated 7 April 2021 in relation to the issuance of the Company's shares to Hester
   Chew Hai Chiene (the "Director's Shares");
2. announcement dated 7 June 2021 in relation to the proposed placement of the Company's shares to Ms Cheah Bee Lin (the "Placement Shares"); and
3. announcement dated 6 July 2021 in relation to the receipt of listing and quotation notice from the SGX-ST in respect of the Director's Shares and the Placement Shares.

Unless as otherwise defined, all capitalised terms used herein shall have the same meaning ascribed to them in the Announcements.

The Board wishes to announce that the Company had, on 7 July 2021, issued and allotted an aggregate of 28,942,727 new ordinary shares as follows:

1. 1,670,000 Director's Shares to Mr. Hester Chew Hai Chiene;
2. 27,272,727 Placement Shares to Ms. Cheah Bee Lin.

The Director's Shares and Placement Shares (collectively and hereinafter referred to as the "Allotted Shares") shall be free from all claims, liens, and other encumbrances whatsoever and shall rank pari passu in all respects with the existing ordinary shares of the Company, save that they will not rank for any dividend, right, allotments or other distributions, the record date for which falls before the date of issue of the Allotted Shares. The Allotted Shares are expected to be listed and quoted on Catalist on or around 9 July 2021.

The listing and quotation notice from the SGX-ST is not to be taken as an indication of the merits of the Director's Shares, the Placement Shares, the Service Agreement, the Proposed Placement, the Company and/or its subsidiaries.

Following the allotment and issuance of the Allotted Shares, the total number of issued Shares of the Company has increased from 1,297,363,940 Shares to 1,326,306,667 Shares.

BY ORDER OF THE BOARD

Chang Wei Lu

Executive Chairman and Chief Executive Officer

8 July 2021

This announcement has been prepared by the Company and reviewed by the sponsor, Novus Corporate Finance Pte. Ltd. ("Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This 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. Pong Chen Yih, Chief Operating Officer, at 7 Temasek Boulevard, #18-03B Suntec Tower 1, Singapore 038987, telephone [phone].