Insider Trades

Remarks
Completion of the subscription of 113,513,514 ordinary shares in the Company pursuant to a subscription agreement dated 29 June 2010 entered into between Carlyle and the Company. Carlyle is a wholly-owned subsidiary of Carlyle Asia Partners III, L.P. which acts in accordance with the instructions of its general partner, CAP III GP. By virtue of Section 7 of the Companies Act, Chapter 50 of Singapore, CAP III GP is deemed to be interested in the shares held by Carlyle. Based on a total of 1,002,421,099 issued ordinary shares, excluding treasury shares, in the share capital of the Company as at 28 July 2010 (which includes the said 113,513,514 new ordinary shares issued by the Company pursuant to the subscription agreement dated 29 June 2010), and rounded to 2 decimal places.

Remarks
Completion of the subscription of 113,513,514 ordinary shares in the Company pursuant to a subscription agreement dated 29 June 2010 entered into between Carlyle and the Company. Carlyle is a wholly-owned subsidiary of Carlyle Asia Partners III, L.P. which acts in accordance with the instructions of its general partner, CAP III General Partner, L.P. ("CAP III GP"). In turn, CAP III GP acts in accordance with the instructions of its general partner, CAP III. By virtue of Section 7 of the Companies Act, Chapter 50 of Singapore, CAP III is deemed to be interested in the shares held by Carlyle. Based on a total of 1,002,421,099 issued ordinary shares, excluding treasury shares, in the share capital of the Company as at 28 July 2010 (which includes the said 113,513,514 new ordinary shares issued by the Company pursuant to the subscription agreement dated 29 June 2010), and rounded to 2 decimal places.

Remarks
Completion of the subscription of 113,513,514 ordinary shares in the Company pursuant to a subscription agreement dated 29 June 2010 entered into between Carlyle and the Company. Carlyle is a wholly-owned subsidiary of Carlyle Asia. By virtue of Section 7 of the Companies Act, Chapter 50 of Singapore, Carlyle Asia is deemed to be interested in the shares held by Carlyle. Based on a total of 1,002,421,099 issued ordinary shares, excluding treasury shares, in the share capital of the Company as at 28 July 2010 (which includes the said 113,513,514 new ordinary shares issued by the Company pursuant to the subscription agreement dated 29 June 2010), and rounded to 2 decimal places.

Remarks
Substantial Shareholder: Carlyle Offshore Partners II, Ltd ("Carlyle Offshore") Completion of the subscription of 113,513,514 ordinary shares in the Company pursuant to a subscription agreement dated 29 June 2010 entered into between Carlyle and the Company. Carlyle is a wholly-owned subsidiary of Carlyle Asia Partners III, L.P. which acts in accordance with the instructions of its general partner, CAP III General Partner, L.P. ('CAP III GP'). In turn, CAP III GP acts in accordance with the instructions of its general partner, CAP III Ltd ('CAP III'). CAP III is a wholly-owned subsidiary of TC Group Cayman Investment Holdings, L.P which acts in accordance with the instructions of its general partner, TCG Holdings Cayman II, L.P. ('TCG Holdings'). In turn, TCG Holdings acts in accordance with the instructions of its general partner, Carlyle Offshore. By virtue of Section 7 of the Companies Act, Chapter 50 of Singapore, Carlyle Offshore is deemed to be interested in the shares held by Carlyle. Based on a total of 1,002,421,099 issued ordinary shares, excluding treasury shares, in the share capital of the Company as at 28 July 2010 (which includes the said 113,513,514 new ordinary shares issued by the Company pursuant to the subscription agreement dated 29 June 2010), and rounded to 2 decimal places.

Remarks
Substantial Shareholder: TC Group Cayman Investment Holdings, L.P ("TC Group") Completion of the subscription of 113,513,514 ordinary shares in the Company pursuant to a subscription agreement dated 29 June 2010 entered into between Carlyle and the Company. Carlyle is a wholly-owned subsidiary of Carlyle Asia Partners III, L.P. which acts in accordance with the instructions of its general partner, CAP III General Partner, L.P. ('CAP III GP'). In turn, CAP III GP acts in accordance with the instructions of its general partner, CAP III Ltd ('CAP III'). CAP III is a wholly-owned subsidiary of TC Group. By virtue of Section 7 of the Companies Act, Chapter 50 of Singapore, TC Group is deemed to be interested in the shares held by Carlyle. Based on a total of 1,002,421,099 issued ordinary shares, excluding treasury shares, in the share capital of the Company as at 28 July 2010 (which includes the said 113,513,514 new ordinary shares issued by the Company pursuant to the subscription agreement dated 29 June 2010), and rounded to 2 decimal places.

Remarks
Completion of the subscription of 113,513,514 ordinary shares in the Company pursuant to a subscription agreement dated 29 June 2010 entered into between Carlyle and the Company. Carlyle is a wholly-owned subsidiary of Carlyle Asia Partners III, L.P. which acts in accordance with the instructions of its general partner, CAP III General Partner, L.P. ("CAP III GP"). In turn, CAP III GP acts in accordance with the instructions of its general partner, CAP III Ltd ("CAP III"). CAP III is a wholly-owned subsidiary of TC Group Cayman Investment Holdings, L.P which acts in accordance with the instructions of its general partner, TCG Holdings. By virtue of Section 7 of the Companies Act, Chapter 50 of Singapore, TCG Holdings is deemed to be interested in the shares held by Carlyle. Based on a total of 1,002,421,099 issued ordinary shares, excluding treasury shares, in the share capital of the Company as at 28 July 2010 (which includes the said 113,513,514 new ordinary shares issued by the Company pursuant to the subscription agreement dated 29 June 2010), and rounded to 2 decimal places.

Remarks
Completion of the allotment and issuance of 113,513,514 ordinary shares and 26,666,666 original warrants in the Company pursuant to the Subscription Agreement dated 29 June 2010 entered into between CAP III-A Limited and the Company. 26,666,666 original warrants were also issued on 28 July 2010 to CAP III-A Limited. The calculation for "As a percentage of issued share capital" referred to is based on the Company's enlarged share capital of 1,002,421,099 ordinary shares as at 28 July 2010.

Remarks
Election to participate in the China Fishery Group Limited Scrip Dividend Scheme whereby shares were issued to Super Investment Limited (24,298,014) and nominees of Golden Target Pacific Limited (281,711) at S$1.16 per share in lieu of cash for the first & final dividend of S$0.042 per share for FY2009. (i) Golden Target Pacific Limited ("GTPL") is deemed interested in the 695,386,014 shares held by Super Investment Limited ("SIL"). GTPL is also deemed interested in the shares held by SIL through Zhonggang Fisheries Limited. (ii) GTPL also has a beneficial interest in: - 144,032 shares held in the name of HSBC (Singapore) Nominees Pte Ltd; and - 7,918,279 shares held in the name of Nomura Singapore Limited (iii) As a percentage before the change is calculated based on the issued share capital of 860,287,997 shares as at 14 March 2010. (iv) As a percentage after the change is calculated based on the enlarged issued share capital of 888,907,585 shares as at 19 March 2010.

Remarks
Election to participate in the China Fishery Group Limited Scrip Dividend Scheme whereby shares were issued to nominees of Golden Target Pacific Limited (281,711) and Super Investment Limited (24,298,014) at S$1.16 per share in lieu of cash for the first & final dividend of S$0.042 per share for FY2009. Pacific Andes Resources Development Limited is deemed interested in: (i) 8,062,311 shares held by Golden Target Pacific Limited ("GTPL") which are registered in the name of nominees; and (ii) 695,386,014 shares held by Super Investment Limited ("SIL") through GTPL. GTPL holds a 47% direct interest in SIL and is also deemed interested in the shares held by SIL through Zhonggang Fisheries Limited. (iii) As a percentage before the change is calculated based on the issued share capital of 860,287,997 shares as at 14 March 2010. (iv) As a percentage after the change is calculated based on the enlarged issued share capital of 888,907,585 shares as at 19 March 2010.

Remarks
Election to participate in the China Fishery Group Limited Scrip Dividend Scheme whereby shares were issued at S$1.16 per share in lieu of cash for the first & final dividend of S$0.042 per share for FY2009. (i) As a percentage before the change is calculated based on the issued share capital of 860,287,997 shares as at 14 March 2010. (ii) As a percentage after the change is calculated based on the enlarged issued share capital of 888,907,585 shares as at 19 March 2010.

Remarks
Election to participate in the China Fishery Group Limited Scrip Dividend Scheme whereby shares were issued at S$1.16 per share in lieu of cash for the first & final dividend of S$0.042 per share for FY2009. As a percentage before and after the changes are calculated based on the enlarged issued share capital of 888,907,585 shares as at 19 March 2010.

Remarks
Election to participate in the China Fishery Group Limited Scrip Dividend Scheme whereby shares were issued to Super Investment Limited at S$1.16 per share in lieu of cash for the first & final dividend of S$0.042 per share for FY2009. (i) Zhonggang Fisheries Limited owns 49.9% of the shares in Super Investment Limited and is therefore deemed to be interested in the shares held by Super Investment Limited in the Company. (ii) As a percentage before the change is calculated based on the issued share capital of 860,287,997 shares as at 14 March 2010. (iii) As a percentage after the change is calculated based on the enlarged issued share capital of 888,907,585 shares as at 19 March 2010.