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| Notice Type | Notice of Book Closure Date for Rights Issue |
| Corporate Action Details (e.g. Rights ratio, dividend ratio, tax rate, etc) | PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE (RIGHTS ISSUE) OF UP TO 115,048,800 WARRANTS (WARRANTS) AT AN ISSUE PRICE OF S$0.01 FOR EACH WARRANT, EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW SHARE IN THE CAPITAL OF THE COMPANY (NEW SHARE), AT AN EXERCISE PRICE OF S$0.16 FOR EACH NEW SHARE, ON THE BASIS OF THREE (3) WARRANTS FOR EVERY FIVE (5) EXISTING ORDINARY SHARES IN THE CAPITAL OF THE COMPANY HELD BY THE SHAREHOLDERS OF THE COMPANY (SHAREHOLDERS) AS AT THE BOOKS CLOSURE DATE (AS DEFINED HEREIN), FRACTIONAL ENTITLEMENTS TO BE DISREGARDED |
| Record Date | 18/01/2011 |
| Record Time | 17:00 |
| Date Paid/Payable (if applicable) | |
| Footnotes | Please see attached. |
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