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| Announcement Title | Placements |
| Announcement Subtitle | PROPOSED SUBSCRIPTION FOR 513,045,113 NEW ORDINARY SHARES IN THE CAPITAL OF GALLANT VENTURE LTD. |
| Securities | GALLANT VENTURE LTD. (GALLANT) |
| Date & Time of Broadcast | Nov 21, 2017 17:55 |
| Submitted By | Choo Kok Kiong Executive Director and Company Secretary |
| Description | Please see attached |
| Capital Amount - Old | SGD 1,880,153,879.64 |
| Capital Amount - New | SGD 1,948,326,879.64 |
| Number of Existing Outstanding Shares | 4,824,965,112 |
| New Shares Issued | 513,045,113 |
| Offer Price | SGD 0.133 |
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