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IN-PRINCIPLE APPROVAL FOR THE LISTING AND QUOTATION OF 35,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF TELEDATA (SINGAPORE) LIMITED IN RELATION TO THE PROPOSED ISSUE AND SUBSCRIPTION (THE “SUBSCRIPTION”) OF 35,000,000 NEW ORDINARY SHARES IN TELEDATA (SINGAPORE) LIMITED (THE “SUBSCRIPTION SHARES”) WITH FREE ATTACHED UNLISTED OPTIONS TO SUBSCRIBE FOR UP TO 35,000,000 NEW ORDINARY SHARES IN TELEDATA (SINGAPORE) LIMITED (THE “OPTIONS SHARES”)

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The Board of Directors (the “Board”) of Teledata (Singapore) Limited (the “Company”) refers to the Company’s announcement in relation to the Subscription made on 8 April 2010 (the “Announcement”). All capitalised terms used and not defined herein shall have the same meanings given to them in the Announcement.

Further to the Company’s Announcement, the Board is pleased to announce that Singapore Exchange Securities Trading Limited (the "SGX-ST") has granted its in-principle approval on 26 April 2010 for the listing and quotation of the Subscription Shares on the Official List of the SGX-ST.

Approval has not been granted by the SGX-ST for the Option Shares. In view of the foregoing, each of the Subscribers has unconditionally and irrevocably waived (i) the operation of all terms and conditions in the Subscription Agreement relating to the Options and Option Shares; and (ii) all his rights and entitlements whatsoever to and in the Options and Option Shares, howsoever arising.

The in-principle approval granted by the SGX-ST for the Subscription Shares is subject to the following:

(a)	Compliance with the SGX-ST’s listing requirement;
(b)	A written undertaking from the Company that it will made periodic announcements on the use of the proceeds from the proposed placement of the Subscription Shares and that it will provide a status report on the use of the placement proceeds in the Company’s annual report;
(c)	A written undertaking from the Company that it will not allot and issue any of the Subscription Shares as to as transfer a controlling interest in the Company without the prior approval of the Company’s shareholders in a general meeting; and
(d)	A written undertaking from Biztrack Partnership Pte Ltd that the Subscription Shares will not be placed out to persons under Rule 812(1) of the SGX-ST Listing Manual.

The SGX-ST’s in-principle approval is not to be taken as an indication of the merits of the Subscription, the Subscription Shares, the Company and/or its subsidiaries.

The use of proceeds from the Subscription will be announced periodically as and when the funds from the same are materially disbursed, and the Company will provide a status report on such use of the proceeds in its annual report or annually on SGXNET, until such time the proceeds from the Subscription have been fully utilised.

Further announcements will be issued by the Company upon the allotment and issue of the Subscription Shares.

BY ORDER OF THE BOARD

Christopher Michael Pan
Chairman and Chief Executive Officer
27 April 2010