We are issuing a new European style cash-settled structured warrants to meet investor demand in a new trading year 2012. A Call Warrants ("CW") over the ordinary shares of GB Group which projected IPO on year 2015. The structured warrants will have tenures of approximately 36 months and will be listed on some time 2015 with issue size of up to 200 million with initial Call Warrant Price $0.50.