Global Sources announces completion of acquisition by funds affiliated with Blackstone

NEW YORK, August 28, 2017 – Global Sources Ltd (NASDAQ: GSOL)(the “Company”) today announced the completion of the acquisition by funds affiliated with Blackstone by way of an amalgamation (the “Amalgamation”), contemplated by the previously announced agreement and plan of amalgamation (the “Amalgamation Agreement”) by and among the Company, Expo Holdings I Ltd (“Parent”), which is an affiliate of the funds managed by Blackstone, and Expo Holdings II, Ltd., which is a wholly-owned subsidiary of Parent.

Subject to the terms and conditions set forth in the Amalgamation Agreement, which was approved by the Company’s shareholders at a special general meeting held on July 24, 2017, at the effective time of the Amalgamation, each issued and outstanding common share of the Company (each “Share”) was automatically cancelled and converted into the right to receive an amount equal to US$20.00 (the “Amalgamation Consideration”) in cash, without interest.

Shareholders of record as of the effective time of the Amalgamation who are entitled to the Amalgamation Consideration will receive a letter of transmittal and instructions on how to surrender their Shares in exchange for the Amalgamation Consideration. Shareholders should wait to receive the letter of transmittal before surrendering their Shares.

The Company also announced today that it has requested that trading of its Shares on the NASDAQ Global Select Market be suspended.

CVCapital Securities, LLC is serving as the financial advisor to the Company’s Board of Directors (the “Board”). Cleary Gottlieb Steen & Hamilton LLP is serving as U.S. legal advisor to the Board, and Appleby is serving as Bermuda legal advisor to the Board.