Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

POLYTEC ASSET HOLDINGS LIMITED

(incorporated in the Cayman Islands with limited liability)
(Stock Code: 208)

PROFIT WARNING

The crude oil production of the South Alibek Oilfield of Caspi Neft TME in Kazakhstan is remaining suspended. A loss from the oil exploration and production activities of the Group for the first half of 2013 will be resulted and consequently, the results of the Group for the six months ending 30 June 2013 will be adversely affected as a whole.
Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

References are made to the announcements of Polytec Asset Holdings Limited (the "Company"
and together with its subsidiaries, the "Group") dated 3 January 2013 and 1 February 2013.
The board of directors (the "Board") of the Company announces that the crude oil production of the South Alibek Oilfield of Caspi Neft TME, a wholly-owned subsidiary of the Company, in Kazakhstan is remaining temporarily suspended because the application of gas flaring permit for the South Alibek Oilfield for 2013 is still pending for the approval from the Kazakhstan Government. Due to the temporary suspension of production of crude oil, a loss from the oil exploration and production activities of the Group for the first half of 2013 will be resulted and consequently, the results of the Group for the six months ending 30 June 2013 will be adversely affected as a whole.
Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.
By Order of the Board Or Wai Sheun Chairman
Hong Kong, 28 June 2013
As at the date of this announcement, Mr. Or Wai Sheun (Chairman), Mr. Yeung Kwok Kwong, Ms. Wong Yuk Ching, Mr. Lam Chi Chung, Tommy and Ms. Chio Koc Ieng are executive directors of the Company, Mr. Lai Ka Fai and Ms. Or Pui Ying, Peranza are non-executive directors of the Company and Mr. Liu Kwong Sang, Mr. Siu Leung Yau, Dr. Tsui Wai Ling, Carlye and Prof. Dr. Teo Geok Tien Maurice are independent non-executive directors of the Company.

distributed by