SMB UNITED LIMITED (Company Registration Number: 199506364D) (the "Company")

(Incorporated in the Republic of Singapore)

PROPOSED ACQUISITION OF 48.0% OF THE ISSUED AND PAID UP SHARE CAPITAL OF QUANTUM AUTOMATION PTE. LTD. ("PROPOSED ACQUISITION") - RECEIPT OF IN-PRINCIPLE APPROVAL

The Board of Directors of the Company refers to the announcement on 31 October 2011 in relation to the sale and purchase agreement entered into between the Company with each of (a) Ko Sui Hung, (b) Roberto Gatbonton De Jesus, (c) Chua Yiat Hin, (d) Lim Chin Keong, (e) Ng Cheng Leng, and (f) Lee Boon Hwa as vendors in relation to the Proposed Acquisition ("31 October Announcement").
Unless otherwise defined, all terms and references used herein shall bear the same meanings ascribed to them in the 31 October Announcement.
Further to the 31 October Announcement, the Directors are pleased to announce that the Singapore Exchange Securities Trading Limited ("SGX-ST") has on 22 November 2011, approved in-principle the Company's application for the listing and quotation of the 9,400,000 Consideration Shares, subject to compliance with the listing requirements of the SGX-ST.
The SGX-ST's in-principle approval above is not to be taken as an indication of the merits of the
Proposed Acquisition, the Consideration Shares, the Company and/or its subsidiaries.

By Order of the Board

Lee Phuan Weng
Chairman
22 November 2011
1

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Proposed Acquisition Of 48% Of The Issued And Paid Up Share Capital Of Quantum Automation Pte. Ltd.– Receipt Of In-Principle Approval