| PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE (THE ?RIGHTS ISSUE?) OF UP TO 117,120,000 NEW ORDINARY SHARES (?RIGHTS SHARES?) IN THE CAPITAL OF ALBEDO LIMITED (THE "COMPANY") AT AN ISSUE PRICE OF S$0.04 FOR EACH RIGHTS SHARE WITH UP TO 35,136,000 FREE DETACHABLE WARRANTS ("WARRANTS"), EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW ORDINARY SHARE IN THE CAPITAL OF THE COMPANY (?NEW SHARE?) AT AN EXERCISE PRICE OF S$0.04 FOR EACH NEW SHARE, ON THE BASIS OF TEN (10) RIGHTS SHARES WITH THREE (3) WARRANTS FOR EVERY TEN (10) EXISTING ORDINARY SHARES HELD BY SHAREHOLDERS OF THE COMPANY AS AT THE BOOKS CLOSURE DATE (AS DEFINED BELOW), FRACTIONAL ENTITLEMENTS TO BE DISREGARDED |
