Result of Tender Offer



China Shoto plc("China Shoto" or "the Company")

Result of Tender Offer

The Board of China Shoto is pleased to announce the result of the Tender Offer referred to in the circular sent to Shareholders of the Company dated 30 March 2011. This Tender Offer closed on 20 April 2011 in accordance with its timetable.

A total of 6,892,522 Ordinary Shares were validly tendered pursuant to the Tender Offer, representing approximately 29.53 per cent. of the current issued share capital and approximately 86.60 per cent. of the Tender Offer Shares.

The Tender Offer will be effected by Seymour Pierce Limited purchasing the Ordinary Shares as principal and then selling such Ordinary Shares on AIM to the Company for cancellation pursuant to the Repurchase Agreement. Following completion of the Tender Offer and cancellation of the Ordinary Shares, the Company will have a total of 16,451,248 Ordinary Shares in issue.

As of 29 March 2011, immediately prior to the announcement of the Tender Offer, the Directors beneficially owned or were interested in an aggregate of 15,384,615 Ordinary Shares. In accordance with their undertaking not to accept, or procure the acceptance of, the Tender Offer in respect of the 15,384,615 Ordinary Shares beneficially owned by them, the resultant shareholdings of the Directors are as follows:

It is anticipated that CREST accounts will be credited with, and cheques despatched for, the Tender Offer proceeds and the final dividend for the year ended 31 December 2010 on 4 May 2011.

As previously announced, the proposed cancellation of admission of the Ordinary Shares to trading on AIM and the Repurchase are subject to shareholder approval at an Annual General Meeting on 26 April 2011, notice of which was sent to shareholders on 30 March 2011. Subject to Shareholder approval, cancellation is to become effective from 07:00 a.m. on 5 May 2011.

Terms defined in the circular have the same meanings in this announcement.

26 April 2011