Aspial

(Incorporated in Singapore)

Table of Contents

1. Group Profit and Loss Account For The Financial Period Ended 31 March 2012

2. Statements of Financial Position As At 31 March 2012

3. Consolidated Statement of Cash Flows For The Financial Period Ended 31 March 2012

4. Statements of Changes in Equity For The Financial Period Ended 31 March 2012

5. Changes in Share Capital

6. Changes in Treasury Shares

7. Group Borrowings and Debt Securities

8. Auditor's report

9. Accounting Policies

Corporation Ltd

Financial Statements Announcement

For The Financial Period Ended 31 March 2012

10. Earnings per Share

11. Net Asset Value

12. Variance from Forecast Statement

13. Review of Corporate Performance

14. Business Outlook

15. Interested Person Transactions

16. Dividends

17. Negative Confirmation By The Board

Page 1 of 13

(Registration No: 197001030G)

1Q 2012 1Q 2011 Change

S$'000 S$'000 %

Revenue 88,789 8 1,175 9%

Materials and subcontract costs (51,356) ( 45,193) 14%

Employee benefits (10,133) ( 9,529) 6%

Depreciation and amortisation (1,506) ( 1,676) -10%

Finance cost (1,058) ( 634) 67%

Other operating expenses (18,049) ( 16,500)

Operating profit 6,687 7 ,643 -13%#D9IV%/0!

13 1 4 -7%

Rental income 96 3 n.m

Other income 585 5 82 1%

Share of results of associate company 2,310 6 3

Profit before tax from continuing operation 9,691 8 ,305

Taxation (1,337) ( 1,491) #D-1IV0/%0!n.m17%

Profit for the period 8,354 6 ,814 23%

Profit attributable to:

Owners of the parent 8,057 7,087 14%

Non-controlling interests 297 ( 273) n.m

8,354 6,814 23%

Profit for the period 8,354 6,814

Other comprehensive income for the period net of tax

Total comprehensive income for the period 8,354 6,814 23%- -23%

1. Group Profit and Loss Account For The Financial Period Ended 31 March 2012

Interest income from bank balances and affiliated company

Group

Page 2 of 13

Total comprehensive income attributable to:

Owners of the parent 8,057 7,087 14%

Non-controlling interests 297 ( 273) n.m

8,354 6,814 23%

Earnings per ordinary shares (cents)

-Basic

-Diluted 0.78 1.39 -44%0.78 1.39 -44%

Other information :-

1Q 2012 1Q 2011 Change

S$'000 S$'000 %

Amortisation of intangible assets and prepaid rent 233 218 7%

Depreciation of property, plant and equipment 1,273 1,458 -13%

Fair value (gain)/loss on forward contracts 105 (45) n.m

Foreign currency exchange gain (477) (402) 19%

Gain on disposal of property, plant and equipment - (4) n.m

Manufacturing and melting loss 238 353 -33%

Trade in loss - 371 n.m

Property, plant and equipment written off 8 267 n.m

Interest income (13) (14) -7%

Rental income (96) (3) n.m

n.m - Not meaningful

Group

(Registration No: 197001030G)

NOTES:

1d. - Employee benefits expense increased mainly due to the increase in number of employees for the financial service business.

1f. - Finance cost increased mainly due to higher bank borrowings for financial service business.

1g. - Higher other operating expenses was mainly due to higher rental for both jewellery and financial service businesses.

1i. - The increase in other income was due to foreign currency exchange gain.

1j. - Fair value loss was mainly due to unfavourable exchange rate of Singapore dollar against United States dollar.

1. Group Profit and Loss Account For The Financial Period Ended 31 March 2012 (Con't)

1a. - Depreciation for assets in retail shops is based on 3 years.

1h. - The higher rental income was due to rental income received from renting out of shops which were not used for its business.

1b. - The Group recognises all inventory, including trade-in stock and sales return stock at their cost values. For finished stocks aged 2 years and

above, partial provisions for stock obsolescence were made to take into consideration labour costs for designing and rework.

1c. - The increase in materials and subcontract costs was due to higher revenues from jewellery and financial service businesses.

1e. - Lower depreciation charges was due to reduction in number of stores for the jewellery business.

Page 3 of 13

(Registration No: 197001030G)

31-Mar-12 31-Dec-11 31-Mar-12 31-Dec-11

S$'000 S$'000 S$'000 S$'000

.

NON-CURRENT ASSETS

Property, plant and equipment 14,239 14,704 3 07 337

Intangible assets 9,388 9,516 3 5 3 5

Investments in subsidiaries - - 77,601 77,601

Investments in joint venture 25 25 2 5 25

Investment in associates 4,604 2,294 - -

Investment securities 23 23 - -

Other receivables 4,097 3,891 6 8 4

Prepaid rent 614 - - -

Deferred tax assets 3,791 3,243 - -

36,781 33,696 78,036 78,002

CURRENT ASSETS

Inventories 90,019 90,858 - -

Development properties 2 19,354 262,933 - -

Properties held for sales 3,563 - - -

Trade and other receivables 1 74,922 135,616 8 2 96

Prepaid rent 410 278 - -

Prepayment 1,536 830 5 4 55

Due from subsidiaries (non-trade) - - 26,517 29,783

Due from an affiliated company (non-trade) 3,478 3,478 - -

Due from an associate company (non-trade) 16,862 13,600 - -

Derivative financial instruments - 60 - -

Cash and bank balances 33,976 28,163 1 ,181 93

544,120 535,816 27,834 30,027

CURRENT LIABILITIES

2. Statements of Financial Position As At 31 March 2012

Group Company

Page 4 of 13

Trade and other payables 65,313 66,852 9 ,018 5,706

Derivative financial instruments 45 - - -

Due to subsidiaries (non-trade) - - 25,419 30,859

Due to an affiliated company (non-trade) 1,310 1,310 - -

Due to ultimate holding company (non-trade) 3,300 2,500 4 ,341 2,500

Bank overdrafts 16,008 16,097 - -

Provision for taxation 11,963 6,482 1 43 184

Interest-bearing loans and borrowings 1 61,587 168,809 1 ,250 11,,225511

259,526 262,050 40,171 40,500

Net current assets/(liabilities) 284,594 273,766 (12,337) (10,473)

NON-CURRENT LIABILITIES

Interest bearing loans and borrowings 1 47,299 136,745 3 95 708

Other payables 6,800 6,800 - -

Deferred tax liabilities 4,430 8,110 2 7 27

158,529 151,655 422 735

Net assets 162,846 155,807 65,277 66,794

EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENTS

Share capital 42,721 42,721 42,721 42,721

Treasury shares (621) (621) ( 621) (621)

Gain on reissuance of treasury shares 123 123 1 23 123

Revenue reserves 1 10,588 104,040 23,054 24,571

152,811 146,263 65,277 66,794

Non-controlling interests 10,035 9,544 - -

Total equity 162,846 155,807 65,277 66,794

Net asset value per ordinary share (in cents) 14.20 23.18 6.06 10.58

(Registration No: 197001030G)

2. Statement of Financial Position As At 31 March 2012 (Con't)

2a. - Review of Financial Position

Group shareholders’ funds increased from $155.8 million as at 31 December 2011 to $162.8 million as at 31 March 2012. The

increase was attributable to profit for the period.

The Group’s total assets of $580.9 million as at 31 March 2012 was $11.4 million higher than financial year ended 2011 mainly

due to the increase in trade and other receivables, investment in associates, due from an associate company and cash and bank

balances. The higher trade receivable was mainly attributable to the increase in loans to customers for the financial service

business. The increase in amount due from an associate company was due to advances to an associate company. The increase in

cash and bank balances was due to receipts from development property projects which had obtained Temporary Occupation

Permit (TOP) for Heritage East, Espira Suites and Palmera East projects in 1Q 2012. The increase was partially offset by the

decrease in development properties. The decrease in development properties was due to the TOP obtained in 1Q 2012 and more

progress billings for projects under development.

The Group’s total liabilities of $418.1 million as at 31 March 2012 was $4.3 million higher than in 2011 due to the increase in

provision for taxation, non-current interest bearing loan and borrowings and reduction in deferred tax liabilities. The decrease

was partially offset by increase in current portion of the interest bearing loans and borrowings and other payables.

Page 5 of 13

(Registration No: 197001030G)

1Q 2012 1Q 2011

S$'000 S$'000

OPERATING ACTIVITIES

Profit before taxation 9 ,691 8,305

Adjustments for:

Property, plant and equipment written off 8 267

Depreciation of property, plant and equipment 1 ,273 1,458

Fair value loss/(gain) on forward contracts 1 05 ( 45)

Interest expense 1 ,058 634

Interest income (13) ( 14)

Amortisation of prepaid rent 1 05 90

Amortisation of intangible assets 1 28 128

Gain on disposal of property, plant and equipment - (4)

Share of results of associate ( 2,310) ( 63)

Operating profit before working capital changes 10,045 10,756

(Increase)/decrease in:

Inventories 8 39 (3,662)

Development properties 43,579 10,100

Properties held for sale ( 3,563) -

Trade and other receivables ( 39,511) (2,206)

Prepayments ( 707) (135)

Due from an affiliated company (non-trade) ( 3,262) 1

Decrease/(increase) in:

Trade and other payables ( 1,539) (11,323)

Due to ultimate holding company (non-trade) 8 00 -

Cash generated from operations 6,681 3,531

Interest paid ( 1,058) (634)

Income taxes paid (87) (1,011)

3. Consolidated Statement of Cash Flows For The Financial Period Ended 31 March 2012

Page 6 of 13

Net cash generated from operating activities 5,536 1,886

INVESTING ACTIVITIES

Proceeds from sale of property, plant and equipment - 29

Purchase of property, plant and equipment ( 816) (961)

Increase in prepaid rent ( 850) -

Interest received 1 3 14

Net cash used in investing activities ( 1,653) (918)

FINANCING ACTIVITIES

Dividend paid to shareholders of the Company ( 1,509) (630)

Proceeds from issuance of shares by the Company, net of expenses in relation to a rights issue - 14,580

Proceeds from issue of shares by subsidiary to a non-controlling interest 200 -

Purchase of treasury shares - (274)

Proceeds from term loans 16,405 1 5,443

Repayment of term loans ( 28,990) (28,496)

Proceeds from short term bank borrowings, net 16,320 8,604

Proceeds from finance lease obligations - 84

Repayment of finance lease obligations ( 407) (359)

Net cash generated from financing activities 2,019 8,952

Net increase in cash and cash equivalents 5,902 9,920

Cash and cash equivalents at beginning of period 12,066 7,375

Cash and cash equivalents at end of period 17,968 17,295

(Registration No: 197001030G)

Cash and cash equivalents

1Q 2012 1Q 2011

S$'000 S$'000

23,502 15,168

Cash at bank 10,474 12,340

Bank overdrafts (16,008) (10,213)

Cash and cash equivalents 17,968 17,295

Amounts held under the " Project Account (Amendment) Rules - 1997" withdrawals of which

are restricted to payments for expenditure incurred on projects

3a. - Cashflow Analysis

Cash and cash equivalents included in the consolidated cash flow statements comprise the following amounts:-

3. Consolidated Statement of Cash Flows For The Financial Period Ended 31 March 2012 (Con't)

Net cash generated from operating activities for the period was $5.5 million compared to $1.9 million for the corresponding

quarter in the previous year. This was due to profit for the quarter and payments received from its development projects, partially

offset by the decrease in trade and other payables, increase in properties held for sales, trade and other receivables and due for

an affiliated company.

Net cash used in investing activities of $1.6 million in 1Q 2012 was due to renovation of stores for both jewellery retail and

financial service businesses and an assignment fee paid for a shop.

Net cash generated from financing activities was $2.0 million compared to $9.0 million in 1Q 2011. The decrease in term loans was

due to repayment of loans from TOP proceeds. The increase in short term bank borrowings was due to increased in loan drawdown

from the banks for the financial service business.

As a result, free cash flow increase to $17.9 million as at 31 March 2012 from $17.3 million as at 31 March 2011.

Page 7 of 13

(Registration No: 197001030G)

4. Statements of Changes in Equity For The Financial Period Ended 31 March 2012

Share

Capital

Treasury

Shares

Revenue

reserves

Gain on

reissuance of

Total

treasury shares

S$'000 S$'000 S$'000 S$'000 S$'000 S$'000

Group

Balance as at 1 January 2012 42,721 (621) 104,040 123 9,544 155,807

Total comprehensive income for the period - - 8,057 - 297 8,354

- - (1,509) - (1,509)

- - - - 200 200

Disposal of interest - - - - (6)

Balance as at 31 March 2012 42,721 (621) 110,588 123 10,035 162,846

Balance as at 1 January 2011 28,141 (442) 62,000 - 8,759 98,458(6)

Total comprehensive income for the period - - 7,087 - (273) 6,814

Issue of shares under rights issue 14,580 - - - - 14,580

Purchase of treasury shares - (274) - - -

Balance as at 31 March 2011 42,721 (716) 69,087 - 8,486 119,578

Company

Balance as at 1 January 2012 42,721 (621) 24,571 123 - 66,794(274)

Total comprehensive income for the period - - (8) - - (8)

- - (1,509) - -

Balance as at 31 March 2012 42,721 (621) 23,054 123 - 65,277

Balance as at 1 January 2011 28,141 (442) 22,951 - - 50,650( 1,509)

Total comprehensive income for the period - - 134 - - 134

Dividends on ordinary shares

Dividends on ordinary shares

Attributable to owners of the parent Noncontrolling

interests

Non-controlling interests of non-wholly owned

newly incorporated subsidiary

Page 8 of 13

Issue of shares under rights issue 14,580 - - - - 14,580

Purchase of treasury shares - (274) - - -

Balance as at 31 March 2011 42,721 (716) 23,085 - - 65,090(274)

(Registration No: 197001030G)

2012 2011

No. of shares '000 '000

Issued and fully paid share capital

1,011,674 351,578

Issue of Rights Shares - 69,953

Bonus shares (Note 1) 202,335 590,143

Balance at 31 December 1 ,214,009 1,011,674

31-Mar-12 31-Mar-11

No. of shares '000 '000

5,578 1,812

Share buyback through open market - 868

Bonus shares - Note 1 1,116 536

Balance after bonus issue 6,694 3,216

5. Changes in Share Capital

Company

Balance at 1 January

6. Changes in Treasury Shares

Note 1 - On 17 February 2012, the Company proposed a bonus issue to shareholders on the basis of one bonus share for every five existing ordinary

shares in the capital of the Company which was approved by SGX-ST on 27 February 2012. The bonus shares of 202,334,826 were listed and quoted on

the Official List of the SGX-ST on 7 March 2012.

There were no (31 March 2011: nil) treasury shares transferred to employees under the Aspial Share Award Scheme during the financial period.

Company

Balance at 1 January

Note 1 - On 17 February 2012 , the Company proposed a bonus issue to shareholders on the basis of one bonus share for every five existing ordinary

shares in the capital of the Company which was approved by SGX-ST on 27 February 2012. An additional 1,115,600 bonus shares were added to the

treasury shares on 7 March 2012.

Page 9 of 13

Amount repayable in one year or less, or on demand

Amount repayable after one year

Details of collateral

The Group's borrowings and debt securities are secured as follows:-

i) legal mortgages over subsidiaries' development properties

ii) legal assignment of subsidiaries' interest under the Sale and Purchase agreements and tenancy agreements in respect of

development properties or units

iv) corporate guarantee by the Company

v) fixed and floating charge on all current assets of certain subsidiaries

Unsecured

S$'000 S$'000 S$'000 S$'000

147,298 396

iii) legal assignment of subsidiaries' interest in the Project Account and Rental Account

709

7. Group Borrowings and Debt Securities

As at 31-Mar-12 As at 31-Dec-11

Secured Unsecured Secured Unsecured

Secured Unsecured Secured

136,036

S$'000 S$'000 S$'000 S$'000

161,587 1,250 167,559 1,250

As at 31-Mar-12 As at 31-Dec-11

(Registration No: 197001030G)

The figures have not been audited nor reviewed by the auditors.

Amendments to FRS 107 Disclosures - Transferof Financial Assets

Amendments to FRS 12 Deferred Tax - Recovery of Underlying Assets

i) Basic earnings per share

ii) Diluted earnings per share

Basis of computation

0.78 1.39

0.78 1.39

11. Net Asset Value

8. Auditor's report

9. Accounting Policies

The Group adopted the new/revised Financial Reporting Standards (" FRS" ) and Interpretations of FRS (" INT FRS" ) that are effective for annual periods

beginning on or after 1 January 2012. Changes to the Group's accounting policies have been made as required, in accordance with the transitional

provisions in the respective FRS and INT FRS.

The following are the new or amended FRS that are relevant to the Group:

10. Earnings per Share

Group

31-Mar-12 31-Mar-11

cents cents

The adoption of the above FRS did not result in any significant impact on the financial statement.

(i) Basic earnings per share as at 31 March 2012 is computed based on the weighted average number of ordinary shares of 1,076,421,436

(31 March 2011: 489,193,801).

(ii) Diluted earnings per share as at 31 March 2012 is computed based on the number of shares in issue adjusted for the effect of dilutive

potential ordinary shares. The total number of shares amounted to 1,076,421,436 (31 March 2011: 489,193,801).

Page 10 of 13

31-Mar-12 31-Dec-11 31-Mar-12 31-Dec-11

Net asset value per ordinary share (in cents) 14.20 23.18 6.06 10.58

1,076,421 631,055 1,076,421 631,055

Weighted average no. of ordinary shares used in calculating

net asset value ('000)

Group Company

12. Variance from Forecast Statement

No forecast for the period ended 31 March 2012 was previously provided.

(Registration No: 197001030G)

13. Review of Corporate Performance

Review of Group Performance

The Singapore economy grew at a modest rate of 1.6% in 1Q 2012. The continued economic growth though at a modest rate,

helped to sustain consumer sentiments in Singapore.

In line with the positive consumer sentiments, our revenue grew 9.4% from $81.2 million in 1Q 2011 to $88.8 million in 1Q 2012.

Revenue contribution from the Property Business declined marginally from $29.7 million in 1Q 2011 to $26.8 million as the Group

recognised lower progress revenue from projects sold in 2010 and 2011 as the majority of these projects are near completion.

The Group obtained TOPs for Heritage East, Espira Suites and Palmera East projects in 1Q 2012 and SOHO Life! and Onan Suites

in April 2012.

Although the Group has launched its Cardiff Residence project in 4Q 2011, it has yet to recognize revenue from Cardiff Residence

as it has just taken over the vacant possession of the site in March 2012 and construction has not started. For East Village, which

was launched in March 2012, revenue will only be booked when the options are exercised in 2Q 2012. Even though construction

has commenced for Parc Rosewood, due to the use of equity method of accounting for the investment, the Group did not

recognize progress revenue for the project. Profit from the project is recognized based on non-controlling interest.

Revenue from the Jewellery Business increased 7.4%, from $36.6 million in 1Q 2011 to $39.6 million in 1Q 2012. The Group

achieved another quarter of increase in revenue despite lesser number of stores in 1Q 2012. The Group’s current brand portfolio

strategy has further strengthened its products and services offerings to customers.

The Financial Service Business continued its sterling growth by registering a revenue of $22.9 million in 1Q 2012 which is a

substantial increase of 46.8% over the same period last year.

The increase in operating expenses such as rental and staff-related costs was mainly due to the opening of new stores for the

Financial Service Business. The increase in sales and marketing costs was due to expenses incurred for the launch of East Village

and Cardiff Residence.

The Group’s pre-tax profit of $9.7 million for 1Q 2012 was $1.4 million or 16.9% higher than the corresponding period last year.

Despite the approximately $2.1 million marketing expense incurred for the property launches in 1Q 2012, the Property Business

achieved a healthy pre-tax profit of $7.8 million as compared to $8.6 million in 1Q 2011.

In line with higher revenue, the Jewellery Business reported a pre-tax profit of $0.3 million in 1Q 2012 compared with a loss of

$0.5 million in the same period last year.

The Financial Service Business continued to achieve substantially higher pre-tax profits. Pre-tax profit for 1Q 2012 was $1.7

million as compared to $0.1 million in 1Q 2011. The higher pre-tax profit was contributed by both pawnbroking and retail and

trading of pre-owned jewellery and watches.

Business Outlook

The Singapore economic growth is expected to slow to 1% to 3% in 2012 according to official estimates. The Group expects the

modest economic growth to be positive for all its businesses.

Property Business

The Group launched 3 new projects namely Cardiff Residence, Parc Rosewood and East Village in the last six months. To date,

the Group has sold the majority of the residential and commercial units in these projects. The table below provides an

overview of our developments:

Project Type Total

Units

Launch Date Units

Launched

% Sold based on

unit launched

Expected TOP

Cavan Suites Residential 36 Q4 2010 36 100% Q3 2012

Cavan Suites Retail 9 Q2 2011 9 100% Q3 2012

Cardiff Residence Residential 163 Q4 2011 163 83% 1H 2013

Parc Rosewood Residential 689 1Q 2012 626 97% 1H 2013

East Village Retail 108 1Q 2012 100 95% 2H 2013

East Village Residential 90 1Q 2012 90 99% 2H 2013

8 Bassein Residential 74 2Q 2012 58 22% 2H 2013

Page 11 of 13

14. Business Outlook

(Registration No: 197001030G)

14. Business Outlook (continue)

Property Business (Cont’d)

In 2012, the Group will focus on the sales of the remaining units of the abovementioned projects. The Group has commenced

demolition at the Cardiff Residence site and construction for East Village. Except for Parc Rosewood which is accounted for

using the equity method, the Group will progressively book revenue and profit for all the units sold in accordance with the

stage of construction.

In March 2012, the Group through its joint venture company with Fragrance Group Limited has won a tender for a freehold

property known as Tai Keng Court at $161,110,000. Subject to the approval of the authorities, the joint venture company

intends to acquire an adjoining plot of land and plans to develop a mixed commercial and residential project at the combined

sites which could potentially yield a gross floor area of approximately 152,302 square feet.

The Group has entered into a sale and purchase agreement on 23 April 2012 to acquire a commercial building, Key Point, at

371 Beach Road, through a 50:50 joint venture between its subsidiary World Class Land Pte Ltd and Fragrance Group Limited.

The joint venture company is exploring various options including a commercial development with retail shops and offices or

an integrated development with retail shops, offices and residential units. The plan is subject to further changes and

obtaining of all necessary approvals from the relevant authorities.

The property development business is expected to contribute substantial revenue and profit in 2012 and 2013 due to the

following reasons:

First, based on the units sold in its property projects as at the date of this announcement, the Group has locked in a total

revenue of approximately $400 million which will be progressively recognised in accordance with the stage of construction.

Second, at current market prices, the potential sales revenue from the remaining unsold units of the projects launched and

the projects yet to be launched and attributable to the Group is estimated to be in excess of $700 million. Based on the

prices today, the Group would enjoy a healthy margin from the potential sales revenue for these projects.

Jewellery Business

The Group is cautiously optimistic that consumer sentiments will continue to remain positive in 2012.

Revenue from the Jewellery Business is expected to increase in 2012 as compared to 2011 due to better same-store sales as a

result of our continuing effort to improve our operational effectiveness and efficiency.

The Group will continue its effort to achieve greater sales and rental efficiency by constantly reviewing and consolidating its

retail network as leases are due for renewal. The Group will also maintain its tight control over operating costs while working

to strengthen the long-term competitiveness of its Jewellery Business.

Financial Service Business

As the leader and innovator in Singapore pawnbroking industry, the Group’s extensive retail network will continue to drive its

growth in 2012. With pawnshops and retail outlets in 24 prime locations in Singapore, the Group’s modern, professional and

friendly store concept has enjoyed strong patronage by consumers.

The Group expects its loan portfolio to continue its healthy growth this year. Income from the pawnbroking and trading of

pre-owned jewellery and watches are expected to grow further. Therefore, the Group expects its Financial Service Business

to perform better in 2012 compared to last year.

The Group

Barring unforeseen circumstances, the Group expects to achieve better profit in 2012 compared to the year before.

Page 12 of 13

15. Interested Person Transactions

There were no (31 March 2011: nil) interested person transactions during the period under Review (excluding transactions less than $100,000 and

transactions conducted under Shareholders' Mandate Persuant to Rule 920 of SGX-ST Listing Manual).

(Registration No: 197001030G)

(i) Any dividend declared for the current financial period reported on?

No

(ii) Any dividend declared for the preceding financial period?

Yes

Cash

0.15 cents per ordinary share

503,048,144

S$754,572

Tax Rate Tax-exempt (one-tier tax) dividend

Book closure date 08-Sep-11

Lim Swee Ann

Company Secretary

17. Negative Confirmation By The Board

On behalf of the Board of Directors,

Dividend Amount per share

30-Apr-12

On behalf of the Board of Directors of the Company, we hereby confirm to the best of our knowledge that nothing has come to the attention of the

Board of Directors of the Company which may render the financial statements for the three months ended 31 March 2012 to be false or misleading in

any material respect.

Dividend Type

Total Dividend Amount

Name of dividend Interim

No of shares in issue (excluding treasury shares)

16. Dividends

Page 13 of 13

Koh Wee Seng Koh Lee Hwee

CEO Director

30-Apr-12