TERMINATION OF THE PROPOSED ACQUISITION OF 51% OF THE ISSUED AND PAID-UP CAPITAL OF ELEKTROMOTIVE LTD

The Board of Directors (the “Board”) of Teledata (Singapore) Limited (the “Company”) refers to the Company’s announcement dated 27 April 2010 in relation to its proposed acquisition of 51% of the issued and paid-up capital of Elektromotive Ltd (the “Proposed Acquisition”).

As announced, the Company had entered into an Exclusivity Agreement with HH Prince Abdul Hakeem dated 26 April 2010 (“Exclusivity Agreement”) for parties to enter into definite agreements for the completion of the Proposed Acquisition within 5 weeks of the Exclusivity Agreement, such completion to be subject to the satisfactory outcome of due diligence investigations by the Company.

The period of exclusivity ended on 30 May 2010 and the Board wishes to announce that parties have mutually agreed not to extend the Exclusivity Agreement or to proceed any further with the Proposed Acquisition.