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Acquisition Of Contracts

The Board of Directors of HLN Technologies Limited (the Company) is pleased to announce that the Company's wholly-owned subsidiary, HLN Metal Centre Pte. Ltd. (HLN Metal Centre), has on 13 September 2006 secured a sales agreements (the Sales Agreement) with a regional leading semi-conductor customer to supply high grade customized machine-slit aluminium products for a period of one year the contract value of which is worth approximately US$7.0 million.

In addition, HLN Metal Centre has also on 13 September 2006 entered into a supply agreement (the Purchase Agreement) with a global aluminium manufacturer to supply aluminium raw materials to HLN Metal Centre for the whole year of 2007 the contract value of which is worth approximately US$13.0 million. The Purchase Agreement is entered to confirm the quantity and price during the tenure of the contract for purpose of satisfying the Sales Agreement and other sales of HLN Metal Centre in 2007.

These agreements are not expected to have a material financial impact on the net tangible asset and earnings per share of the Group for the current financial year ending 31 December 2006.

None of the directors or controlling or substantial shareholders of the Company has any interest, direct or indirect, in the above transactions other than through their shareholdings in the Company.


THE INITIAL PUBLIC OFFERING OF THE SHARES OF HLN TECHNOLOGIES LIMITED WAS SPONSORED BY WESTCOMB CAPITAL PTE LTD ("THE MANAGER"). THE MANAGER ASSUMES NO RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT.