S$86,455,403 Zero Coupon Mandatory Convertible Bonds Due 2013 - Conversion Price Reset Capitalised terms used but not defined in this announcement shall have the meanings ascribed to them in the Trust Deed dated 1 April 2010, constituting the S$86,455,403 Zero Coupon Mandatory Convertible Bonds Due 2013 made between the Company and the Trustee.

The Company wishes to inform all bondholders that in accordance with Condition 6(g) of the Conditions, the Conversion Price (as defined in Condition 6(a)(iii) of the Conditions) of S$0.017780 was reset on 1 April 2012 and the applicable Conversion Price shall be S$0.017096 with effect from 1 April 2012.

BY ORDER OF THE BOARD

Brady Rafuse
Chief Executive Officer

16 April 2012

This announcement and its contents have been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore Branch (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Jason Chian (Director, Corporate Finance), CIMB Bank Berhad, Singapore Branch, 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.
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