Investors

Corporate Development By An Associated Company, eBworx Berhad

We wish to announce that the Board of Directors ("Board") of our associated company in Malaysia, eBworx Berhad ("eBworx"), had late yesterday evening received a letter ("Letter") from Hitachi, Ltd. ("Potential Buyer") in respect of its contemplated acquisition of all of the outstanding ordinary shares of the eBworx ("Shares") by a conditional voluntary general offer ("Proposed Offer") subject to the terms and conditions set out in the Letter.

Subject to the terms of the Letter and if the Potential Buyer decides to proceed with making an Offer, the Potential Buyer is expected to make an Offer by serving the requisite notice in April 2012.

For the avoidance of doubt, the Letter is a Proposed Offer and should not be construed as the Offer itself.

Having deliberated on the contents of the Letter, the Board of eBworx has agreed for the Potential Buyer to proceed with the due diligence (to the extent permitted by applicable laws and regulations) on eBworx.

Where appropriate, further announcements will be made in due course.

Please see the attached announcement by eBworx for further information.


By Order Of The Board

Tan San-Ju
Company Secretary
2 March 2012

Attachments

1. Attachment 1 (Size: 33,157 bytes)