Funding Update - Clarification

9 January 2017

United Cacao Limited SEZC

("United Cacao" or the "Company")

Funding Update - Clarification

United Cacao wishes to provide a clarification update with respect to the announcement it released on 6 January 2017 titled "Funding Update". The reference to "additional 7.00 per cent, convertible bonds" referred to bonds to be issued pursuant to the Company's existing $10,000,000 7% June 2019 Secured Convertible Bond facility (the "Secured Bonds") details of which can be found at:

 http://www.unitedcacao.com/index.php/en/investor-relations-en/financial-and-corporate-documents/227-us-10-000-000-convertible-bond-issuance 

 This further issuance of Secured Bonds means that the Company has now issued $6,330,000 nominal value bonds out the total $10,000,000 facility.

 The company continues to actively pursue a solution to its financial situation and will provide updates as to developments.

For more information please visit www.unitedcacao.com or contact: