HALF-YEAR RESULTS ENDED 30 JUNE 2011

Teledata (Singapore) Limited (“the Company”) and its subsidiaries (together with the Company, “the Group”) has reported unaudited net profits for two successive quarters in the current financial year, churning out net profits of S$82,000 and S$53,000, respectively. The Group has reversed its fortune and recorded a net profit of S$135,000 for the half year ended 30 June 2011, a significant achievement compared with the net loss of S$2.52 million incurred in the half year ended 30 June 2010.

The results of the current financial year so far indicate that the Group is starting to make a turnaround after years of losses.

According to Miss Irene Goutama, the Group’s Chairman and CEO, Teledata will build on its current business but remain alert of any good opportunity to develop different businesses through diversification, mergers and acquisitions.”

TELEDATA’S ROLE IN CAD INVESTIGATIONS

As announced on 6 July 2011, the Commercial Affairs Department (“CAD”) is investigating matters in the past that have contributed to the current state in which Teledata finds itself. Miss Goutama, who took control of the Group on 17 September 2010 and has appointed a new board to assist her, said, “We have submitted to CAD whatever documents they have requested for that are within our custody and control to provide. The Group would like to reassure its clients and investors that, to date, Teledata has not been asked to participate in a role beyond that of providing documents to the CAD and Teledata’s business operations is not affected by the investigations. In fact the Group remains focused in its core business in the telecommunications sector, and the Group has just reported a profit for two successive quarters in the current financial year.”

The CAD requested for information on Mr Christopher Pan and his past dealings for the period 1 August 2009 to 31 March 2010. Mr Pan was appointed CEO of Teledata on 30 October 2009 and ceased to be CEO in June 2010.

UPDATES ON MR CHRISTOPHER PAN’S LEGAL SUIT

The High Court has summarily dismissed Mr Christopher Pan’s claim of a conspiracy against him as being frivolous and vexatious. Mr Pan’s remaining claim is for an alleged wrongful termination of employment by Teledata.

The Company has filed its counterclaims against Mr Pan, based on internal investigations made in 2010, for breaches of duties to the Company.

COMPANY’S FUTURE DIRECTION AND PLANS

Following the Company’s latest Annual General Meeting on 29 April 2011, the Company has reconstituted a new Board of Directors. The new Board of Directors has appointed two Executive Vice Presidents and a new Financial Controller to strengthen the management team.

The Group will grow its business by venturing into new markets. Preparation of our Korea operations had started since early 2010, and Teledata's Korean subsidiary has by now been fully set up. By the end of Q3, we will be able to complete the incorporation of our new business unit in Malaysia. The two new entities will be aligned with the Group’s current core businesses in providing IP Telephony and Data Networking Solutions to Enterprise Customers.

The management is also on the look-out for good M&A opportunities in the region.