利坏的方面：
１，股本立刻被稀释１０％到１５％，理论上价格此时就在０．７５左右。　
２，ＤＢＳ就是个流氓，只干这种只赚不赔一点风险都没有的事（收１．２５％的ｃｏｍｍｉｓｓｉｏｎ　ｆｅｅ）。　也不保证把所有的新股都卖出去。估计新股的流向是ＤＢＳ的大客户。　

利好的方面：
１，９０％以上的资金是用来扩大生产（买生产线），长线对公司利好
２，要使增发的新股能买出去，就一定要使卖出的价格（０．７５）有一定的吸引力，　所以市场价格一定会被维持在某个水平，否则增发不是很成功，对ｍｉｄａｓ和ｄｂｓ都不是什么好事

估计明天开盘会在０．７８左右

MIDAS’ SHARE PLACEMENT MEETS WITH OVERWHELMING RESPONSE; S$90.6 MILLION RAISED TO FUND EXPANSION PLANS

- Net proceeds to be used mainly for the expansion of aluminium alloy production capacity;

- Poised to capture growing business opportunities in the PRC and global railway market

Singapore, July 16, 2009

The placement received strong demand from investors, including tier one global funds, long and hedge funds and support from existing shareholders.

Midas had earlier announced that it had entered into a placement agreement ("Placement Agreement") with DBS Bank Ltd. ("DBS") to place out up to 100 million ordinary shares ("Shares"), with an option to place out up to an additional 20 million Shares (the "Upsize Option"). In view of the strong support received from institutional investors and book several times covered, DBS exercised the Upsize Option in full and placed out all 120 million Placement Shares at S$0.755 each.

The placement price per share is S$0.755, being a discount of approximately 7.0% to the volume weighted average price for trades done on the Singapore Exchange - Mainboard-listed Midas Holdings Limited ("Midas", and together with its subsidiaries, "the Group") (麦达斯控股有限公司), is pleased to announce that it has successfully raised gross proceeds of S$90.6 million through a private placement of 120 million new ordinary shares (the "Placement Shares"), representing 14.2% of the existing share capital of the Company, at the price of S$0.755 per share. Page 2 of 4

Securities Trading Limited for the full market day of July 15, 2009, being the preceding market day on which the Placement Agreement was signed.

Net proceeds from the placement amounted to approximately S$89.4 million, after deducting commission and estimated expenses incurred in connection with the placement. The Group intends to utilise approximately S$81.0 million for the expansion of its aluminium alloy production capacity (including the purchase of two new production lines), with the balance of approximately S$8.4 million to be utilised for general corporate and working capital requirements.

Said Mr Patrick Chew (

We had recently clinched over RMB1 billion worth of contracts, including three maiden fabrication contracts. With our established track record in the PRC and strong working relationships with major rolling stock companies in the country, we are confident that the expansion of our aluminium alloy production capacity will enable us to capture further lucrative growth opportunities in the PRC and international railway markets."

The share capital of Midas will increase from approximately 844.4 million to approximately 964.4 million after the issuance of the 120 million Placement Shares. 周华光), CEO of Midas: "The strong take-up rate of 120 million Placement Shares is an indication of investors’ confidence in Midas’ business prospects and its underlying fundamentals.

About Midas Holdings Limited

Founded in 2000, Midas is today a leading manufacturer of aluminium alloy extrusion products, primarily for the rail transportation sector in the PRC. The Group operates three business divisions; namely, Aluminium Alloy, PE Pipe and Agency and Procurement, which are strategically located in the PRC to capitalise on the Page 3 of 4

opportunities arising from the rapid development of the PRC’s rail transport and infrastructure sectors.

In July 2009, Midas was awarded the prestigious International Railway Industry Standard (IRIS) certification, which represents the most stringent requirements on quality standards in the global rail transportation industry and is recognised by railway industry players worldwide. Midas is the first company in the PRC to receive the IRIS certification in its business category.

Midas is currently a PRC certified supplier to the world’s largest train manufacturers, ALSTOM SA, Siemens and Changchun Bombardier. In addition, it is a preferred supplier for Alstom Transport’s projects globally, under Alstom’s "Leading Partners 150" programme.

Midas’ customers include ALSTOM Transport SA, Siemens International Trading Ltd, Bombardier Transportation, Changchun Railway Vehicles Co., Ltd,

Since 2003, Midas has been involved in many high profile rail transport projects in the PRC. In addition, it has also successfully exported its products to the international market including Europe, Middle East, Korea and Singapore since 2004.

Besides its core business, Midas has a 32.5% equity stake in a Sino-foreign joint venture, Nanjing SR Puzhen Rail Transport Co., Ltd, to engage in the development, manufacturing and sale of metro trains, bogies and their related parts. CNR Tangshan Locomotive and Rolling Stock Works, Nanjing SR Puzhen Rail Transport Co., Ltd and CSR Zhuzhou Electric Locomotive Co., Ltd. Page 4 of 4

In September 2007, Midas’ Aluminium Alloy Division was named "2007 China’s Top Brand" by the General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China ("AQSIQ") (

Midas was also named a Forbes Asia’s Best Under A Billion Company consecutively for three years from 2006 to 2008.

ISSUED ON BEHALF OF : Midas Holdings Limited

BY : Citigate Dewe Rogerson, i.MAGE Pte Ltd

1 Raffles Place

#26-02 OUB Centre

SINGAPORE 048616

CONTACT : Ms Chia Hui Kheng / Karin Xiao

at telephone

DURING OFFICE HOURS : 6534-5122/ 530-7133 (Office)

AFTER OFFICE HOURS : 9781-5913/9827-5226 (Handphone)

EMAIL : huikheng.chia@citigatedrimage.com

karin.xiao@citigatedrimage.com

082/09/007/MHL

July 16, 2009 国家质量监督检验检疫总局).