Further re: Acquisition

20 October 2008

                             WALCOM GROUP LIMITED                              

                          ("Walcom" or "the Company")                          

  Further re: Acquisition of Beijing New World Bio-technology Company Limited  
                                   ("BNWB")                                    

Further to the announcement of 30 June 2008, detailing the acquisition of the
entire issued share capital of BNWB, Walcom announces that the outstanding
conditions have now been satisfied. Accordingly, the 3,923,497 ordinary shares
to be issued in consideration for the acquisition have now been allotted and
application has been made for the new ordinary shares to be admitted to trading
on AIM. Trading in the new ordinary shares is expected to commence on 23
October 2008. Following admission of the new shares, the Company will have
68,834,388 ordinary shares admitted to trading on AIM.

Enquiries:

Walcom                                                                         
                                                                               
Francis Chi (Chief Executive Officer)                       Tel: [phone]
                                                                               
Albert Wong (Chief Financial Officer)                                          
                                                                               
John East & Partners Limited                                                   
                                                                               
Jeffrey Coburn / Bidhi Bhoma                              Tel: [phone]

About Walcom:

Walcom is a Hong Kong based manufacturer and distributor of `clean' animal feed
additives. Walcom's products are based on Cysteamine, a natural metabolite
generated in animals' bodies which participates in animals' physiological
`growth axis' to stimulate the animals' natural growth hormone level. The
Company's feed additives improve the health of the animals, reduce mortality
rates, shorten the time taken to reduce maturity, increase the protein content
in animal food products, increase egg laying and reduce eggshell breakage and
build resistance to disease. Walcom's feed additives are `non hormonal', `non
antibiotic' and `non gene-altering'.