Acquisition(s)

30 April 2008

                             Walcom Group Limited                              

                          ("Walcom" or the "Company")                          

                        Acquisition of further interest                        

The Company announces that, on 25 January 2008, Walcom acquired a further 18
per cent. interest in Walcom Bio-Chem (Thailand) Company Limited ("Walcom
Thailand") for a cash consideration of (Thai Baht) THB1.8 million, which values
the entire share capital of Walcom Thailand at THB10 million. Walcom Thailand's
principal activity is the trading of chemical feed and additive products. The
acquisition increases Walcom's interest in the issued share capital of Walcom
Thailand from 37 per cent. to 55 per cent.

Financial information on Walcom Thailand

Walcom Thailand reported a profit before taxation of THB5,690,681 for the year
ended 31 December 2007 (year ended 31 December 2006: THB5,819,919).

The net assets of Walcom Thailand as at 31 December 2007 were THB7,248,951
(2006: THB6,508,270).

Enquiries:

Walcom Group Ltd                                               [phone]
                                                                             
Francis Chi (Chief Executive Officer)                                        
                                                                             
Albert Wong (Chief Financial Officer)                                        
                                                                             
John East & Partners Limited                                 [phone]
                                                                             
Jeffrey Coburn/Simon Clements