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PROPOSED ISSUE AND SUBSCRIPTION OF 6,250,000 ORDINARY SHARES IN TELEDATA (SINGAPORE) LIMITED (THE “SUBSCRIPTION”) WITH OPTIONS TO SUBSCRIBE FOR UP TO 6,250,000 ORDINARY SHARES IN TELEDATA (SINGAPORE) LIMITED

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The Board of Directors (the “Board”) of Teledata (Singapore) Limited (the “Company”) refers to the Company’s announcement of 9 April 2010 in respect of the proposed issue and subscription of 6,250,000 ordinary shares in the share capital of the Company.

The Company has on 9 April 2010 entered into a conditional subscription agreement (the "Subscription Agreement") with Lim Sing Tat (the "Subscriber") where the Company has agreed to allot and issue to the Subscriber, and the Subscriber has agreed to subscribe and pay for, in aggregate 6,250,000 new ordinary shares in the share capital of the Company (the “Subscription Shares”) at a subscription price of S$0.04 per Subscription Share.

As certain conditions precedent under the Subscription Agreement have not been met, the Company and the Subscriber have mutually agreed to terminate the Subscription Agreement on 30 April 2010 and to release and discharge each other from the further observance and performance of the Subscription Agreement with immediate effect.

The termination of the Subscription Agreement does not have any material impact on the net tangible assets of the Company.

By Order of the Board

Lee Bee Fong
Company Secretary
30 April 2010