Greater China Credit Fund

Adamas Finance Asia Limited

("ADAM" or the "Company")

Greater China Credit Fund

ADAM is pleased to announce that the Greater China Credit Fund (the "Fund" or "GCCF"), an investment fund into which the Company invested US$1 million in September 2013, has achieved a gross IRR of 22% from a newly-exited credit finance project, Project Wealth. ADAM has also recently received a second semi-annual dividend distribution in the amount of US$75,300 from its investment in GCCF. This follows an initial dividend payment, also of US$75,300, received from the Fund in March 2014, and means ADAM's investment in GCCF has to date yielded an annual dividend return of 15.06%, well ahead of the 8% annual dividend targeted by the Fund.

GCCF was launched in August 2013 by Hong Kong-based Adamas Asset Management (HK) Limited ("Adamas"), which since February 2014 has been has been acting as ADAM's investment manager.

ADAM Chairman John Croft said: "This new high-yield exit from Project Wealth, together with the first-year dividend of more than 15% from our investment in GCCF, provides a clear example of the potential of providing credit finance in China. Adamas' on-the-ground understanding and experience bring a solid underpinning to our strategic repositioning as a provider of credit-finance."

With the newly-exited Project Wealth, GCCF provided bridging finance for a Hong Kong-listed resources company. The borrower has now repaid in full both the principal and interest on the HK$80 million (approx. US$10.2 million) secured loan. The collateral backing Project Wealth was 10% of a magnetite-sand mine located in the Philippines with a whole-mine valuation of US$500 million, further underpinned by 39.23% of the outstanding shares of the listed company.

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