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Sale Of Shares By Wholly-Owned Subsidiary

The Board of Directors of HLN Technologies Limited (the "Company") wishes to announce that HLN Micron Pte. Ltd. ("HLN Micron"), a wholly owned subsidiary of the Company, has entered into Share Sale Agreements for the sale of 42,500 shares, comprising 1% of the issued share capital of HLN Metal Centre Pte. Ltd. ("HLN Metal") to 2 management staff of HLN Metal for a total consideration of SGD 17,000/-. The sales consideration is based on the unaudited net tangible asset value of HLN Metal as at 31 August 2009.

With the said sale, HLN Micron's shareholding in HLN Metal shall decrease from 82.35% to 81.35%.

The above transaction does not have any significant effect on the net tangible assets per share and earnings per share of the Company for the current financial year ending 31 December 2009.

No director or substantial shareholder of the Company has any interest, direct, or indirect, in the above transaction.


By order of the Board


Cheong Weixiong
Group Chief Executive Officer