The Board of Directors of GRAND-FLO wishes to announce that the Company proposes to seek the approval of its shareholders for the following proposals at the forthcoming Ninth Annual General Meeting of the Company:-

I. Proposed renewal of the authority for the company to purchase its own shares of up to ten percent (10%) of its issued and paid-up share capital of the Company;

II. Proposed new shareholders' mandate for recurrent related party transactions of a revenue and/or trading nature; and

III. Proposed amendments to the Articles of Association of the Company.

A Circular to Shareholders containing the details of the above proposals (item I and II) will be despatched to shareholders together with the Company’s 2011 Annual Report in due course.

This announcement is dated 17 April 2012.