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TELEDATA (SINGAPORE) LIMITED
QUARTERLY UPDATE PURSUANT TO LISTING RULE 1313(2)

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With effect from 3 March 2011, Teledata (Singapore) Limited ("the Company", and together with its subsidiaries, "the Group") was placed on the SGX Watch-List pursuant to Ruie 1311 of the SGX Listing Manual.

Pursuant to Rule 1313(2), the Board of Directors of the Company hereby provide an update for the Company and the Group for the quarter ended 31 March 2011 ("the Quarter"), as compared with the corresponding period of the previous year ("Q1 FY2010")

1. Update on unaudited Financial Position as at 31 March 2011

   The Group recorded a net profit of $81,000 for the Quarter, a significnt improvement from the $1.4 million loss in Q1 FY2010. Revenue was $6.2 million - an increase of 44% over 1Q FY2010. Gross profit for the Quarter was $2.3 million, an increase of 86% over 1QFY2010.

   Group Operating Expenses was $2.2 million, which was 22% lower than that of 1Q FY2010; this was due mainly to decreases in Other Expenses - Consultancy Fees. In 1Q FY 2010, consultancy fees in relation to the $35 million Equity Line of Credit from GEM Global Yield Fund and other consultancy fees incurred by the previous management amounted to almost $760,000.

2. Future Direction

   In terms of its core business, the Group will continue with its efforts to fortify its improved competitive position in the telecommunications space by focusing on strengthening its business relationships with key principals, expanding its outreach to customers across the region and enhancing overall service quality. While Singapore, Thailand, Indonesia and the Philippines will continue to be the main markets in the near term, the Group is presently exploring market opportunities in Vietnam,Malaysia and South Korea.

   Concurrently, the Group will continue to diligently evaluate other business opportunities with a view to diversifying its revenue streams and business portfolio.

   The Company may apply for removal from the Watch-List if it satisfies the removal criteria specified in Rule 1314 within 24 months (ie. latest 2 March 2013). The Company and the Group understands the current situation as a stern challenge as well as a strong impetus for improving its performance going forward, and is fully committed to strategizing an exit from the Watch-List as soon as possible.

On behalf of the Board

Irene Valencia Goutama
Executive Director and Chairman
13 May 2011