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CLARIFICATION OF ARTICLES IN BUSINESS TIMES ON 20 MAY 2010 AND 21 MAY 2010

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The Board of Directors (the “Board”) of Teledata (Singapore) Limited (the “Company”) refers to the articles by Felda Chay published in the 20 May 2010 and 21 May 2010 editions of the Business Times (the “20 May Article” and “21 May Article” respectively) and wishes to clarify several material errors contained in the Articles.

It is stated in the 20 May Article that “it is not known why Mr Agus is helping Teledata to raise funds as there is no known link between the IT and communications company and Mr Agus.”

Mr Agus has been engaged by the Company as a Consultant since 1 November 2009. He had been engaged by the Company’s then Chairman and CEO Mr Christopher Pan and as part of his duties as a Consultant, Mr Agus was tasked to assist in identifying financing and merger and acquisition opportunities, and to assist the Company in the negotiation and completion of any such proposed transactions.

It is therefore incorrect to contend that there is no link between the Company and Mr Agus.

It is stated in the 21 May Article that “the previous S$35 million equity line of credit that Teledata secured from GEM Investment Advisors in January was also done through Mr Agus, who earned about $500,000 in commission from it.”

Mr Anwar identified and assisted in negotiations in relation to the S$35 million equity line of credit between the Company and GEM Investment Advisors, Inc. (“GEMS”) in his capacity as a Consultant of the Company. The rationale for the proposed transaction has been set out in the Company’s announcement and press release on 5 January 2010. The completion of the proposed transaction is subject to and pending legal, regulatory and shareholder approval, with the longstop date for the issuance of the warrants under the proposed transaction being 30 September 2010.

Accordingly, the contention in the 21 May Article that the proposed transaction has been completed is erroneous.

It is stated in the 21 May Article that “another deal looks set to be struck with GEM Investment, also to be negotiated by Mr Agus” and that there are “two GEM Investment deals”.

Apart from the proposed transaction with GEMS as announced by the Company on 5 January 2010 (which is still subject to legal, regulatory and shareholder approval), the Company is not involved in any other transaction or proposed transaction with GEMS. Accordingly Ms Chay’s contention in the 21 May Article that the Company is involved in two deals with GEMS is once again, inaccurate.

It is stated in the 21 May Article that “after Mr Pan, Meritus Resources holds the second largest stake in the company with a 13.89 per cent share”.

As stated in the Company’s 2009 Annual Report, Mr Pan has a deemed interest in Meritus Resources (“Meritus”) and his declared interest of 19.97% in the Company included his deemed interest in Meritus’ 13.89% shareholding in the Company.

Accordingly, Ms Chay’s representation of the Company’s shareholding structure, namely that Meritus holds a 13.89% stake separate from Mr Pan’s 19.97% stake in the Company, is flawed and erroneous.

Insofar as the Articles contain other speculative contentions, the Company wishes to state that it is not in a position to comment on matters based on speculation and not fact.

By Order of the Board
25 May 2010