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Oriental City Group PLC (OCGP)


Monday 19 July, 2010

Oriental City Group PLC

Trading Update

19 July 2010

                            Oriental City Group Plc                            

                                Trading Update                                 

Oriental City Group plc (PLUS: OCGP) ("OCG" or "the Company"), is pleased to
provide an update on its recent activities for the three months ended 30 June

On 11 February 2010, Siam Commercial Bank Public Company Limited ("SCB") served
a 3-month written notice to Oriental City Group (Thailand) Company Limited
("OCG Thailand"), a subsidiary of the Company, for the termination of the
participation agreement in respect of electronic data capture machines entered
into between SCB and OCG Thailand in 2006 (the "Agreement") with effective from
10 May 2010. As a result of such termination, the merchants introduced by SCB
have been lost and the number of the point of sales (the "POS") terminals
operated by the group has dropped substantially from 499 to 157 as at 31 March
2010 and 12 May 2010 respectively.

Further, the directors of the Company consider that the on-going political
instability in Bangkok may also lead to adverse impact to the Group in the
coming year, the Group is identifying and exploring new business opportunities
for enhancing its revenue on a stable and long term basis. The directors will
continue to seek for the best interest of the shareholders of the Company in
relation to new business opportunity.

The Directors of Oriental City Group Plc accept responsibility for the contents
of this announcement.                                   

For further information, please contact:

Oriental City Group Plc

Mandy Cheng

Tel: +852 2546 8808

Email: [email protected]

Alfred Henry Corporate Finance Limited

Jon Isaacs

Tel: +44(0)20 7251 3762

Alfred Henry Corporate Finance Limited is the PLUS Corporate Adviser to the


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