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News

Completion Of Placement (The "Placement") Of 21,000,000 New Ordinary Shares In The Capital Of HLN Technologies Limited (The "Placement Shares")

Further to the announcements made on 27 August 2008 and 5 September 2008, the Board of Directors of HLN Technologies Limited (the "Company") is pleased to announce that the Placement was completed yesterday, pursuant to which 21,000,000 Placement Shares were allotted and issued to the subscribers procured by Kim Eng Securities Pte. Ltd., the placement agent.

The Placement Shares will be listed and quoted on the Official List of the Singapore Exchange Securities Trading Limited ("SGX-ST") with effect from 9 September 2008.

The approval in-principle of the SGX-ST is not to be taken as an indication of the merits of the Placement or the Placement Shares.


BY ORDER OF THE BOARD
Submitted by Wa Kok Liang on 9 September 2008 to the SGX-ST