SUN BUSINESS NETWORK LTD.
EQUITY LINE OF CREDIT AGREEMENT WITH CORNELL CAPITAL PARTNERS OFFSHORE, LP
Further to our announcements dated 3 June 2005, 23 June 2005, 8 July 2005, 18 July 2005 and 19
August 2005, 14 September 2005, 15 December 2005, 26 January 2006, 21 March 2006, 5 May 2006
and 18 May 2006, the Board of Directors of Sun Business Network Ltd. (the "Company") wishes to
announce that the Company has on 31 October 2006 issued an Advance Notice for S$500,000 to Cornell
pursuant to the Equity Line of Credit Agreement (the "Advance").
Following the 5-day pricing period which ended on 7 November 2006, the exercise price for the Advance
has been determined to be S$0.06, which is not lower than 93% of the volume weighted average price of
the Company's shares traded on 30 October 2006 of S$0.0584.
To expedite the settlement of shares under the Advance, the Company shall borrow 8,333,333 shares
from its substantial shareholder, Sun Media Investment Holdings Limited (“SMIH”), to deliver to Cornell.
SMIH will not receive any financial benefit, directly or indirectly, from such arrangement.
Save as disclosed above, none of the Directors, controlling shareholders or substantial shareholders of
the Company has an interest, direct or indirect, in the above transactions.
By Order of the Board
Ricky Ang Gee Hing
Vice-Chairman and Managing Director
10 November 2006