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Agritrade Resources issues US$20 million 3-year CB
for development and expansion

(3 July 2015) Agritrade Resources Limited ("Agritrade Resources" or the "Company", and its subsidiaries, the "Group", HKSE Stock Code: 1131) is pleased to announce that the Company and an independent third party, Eagle Eye Group Limited (the "Subscriber") have entered into a subscription agreement, pursuant to which the Company agrees to issue convertible bonds at the aggregate principal amount of US$20,000,000 to the Subscriber. The issuance is expected to fetch net proceeds of approximately HK$154,800,000 which is planned to use on purposes such as development and expansion of the Group's business.

Pursuant to the above-mentioned subscription agreement, the interest rate of the convertible bonds will be 5.5% for the first year and 6% for the subsequent two years, where the initial conversion price is HK$2.20 per share which represents a premium of approximately 33.33% to the last closing price of HK$1.65 per share. Assuming full conversion of the convertible bonds at the initial conversion price, the convertible bonds will be convertible into 70,454,545 shares which will represent approximately 4.72% of the enlarged issued shares.

Mr. Ng Xinwei, the Executive Director and CEO of Agritrade Resources, said, 'We expect an increasing demand of coal in Indonesia as the local government plans to further develop the power plants, and along with the rapid growth of Southeast Asia, we are confident in the mining and shipping businesses. Meanwhile, to further ensure the sustainable growth of the Growth, the Company established China division in April, and announce a proposed acquisition of HKM Media, an advertising agency. The premium of the initial conversion price is very satisfactory, reflecting the Subscriber's confidence in the Group's business and growth potential. I expect to enhance the Company's working capital, strengthen its capital base and financial position, and broaden the shareholder's base via the issuance of the convertible bonds, so as to lay down a profound foundation for the business development plan of Agritrades Resources.

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About Agritrade Resources Limited (HKSE Stock Code: 1131)
Agritrade Resources is the 1st producing Indonesian coal mine listed in HKSE and the owner and operator of PT Senamas Energindo Mineral ("SEM"), a 2,000-hectare coal mine in Central Kalimantan, Indonesia. Together with our subsidiaries, Agritrade provides integrated supply chain solutions from pit to port, including coal origination, processing and logistics services. The Company currently applies the use of coal upgrading technology, GEO-COAL(TM), to process and produce higher quality, more efficient and cleaner burning coal with a view to being a top-tier international quality coal producer.

Company website: www.agritraderesources.com

Issued by Financial PR (HK) Limited
For and on behalf of Agritrade Resources Limited.

For further information, please contact:
Financial PR (HK) Limited