LionApac – Special Dividend

DECLARATION OF SPECIAL DIVIDEND 

The Board of Directors of Lion Asiapac Limited (the "Company") is pleased to announce that an interim dividend of 15.0 cents per ordinary share (tax-exempt one-tier) for the financial year ending 30 June 2010 will be declared out of the profits of the Company, being an one-off special cash dividend ("Special Dividend"). The Special Dividend will be paid to shareholders on 26 April 2010.

The Special Dividend is declared, following the Board's review of the Group's cashflow position, after the repatriation of the proceeds, from the disposal of the entire shareholding in Anhui Jianghuai Automobile Co., Ltd, to the Group's bank account in Singapore, as well as the investment plans of the Group.

It is also the Board's intention to enhance and unlock value for shareholders, and to reward shareholders for their loyalty and support to the Company.

In order to generate better returns for the Group and in turn deliver value to shareholders, continuing efforts are being made to explore and identify viable business projects.

Source : SGX