INNOPAC HOLDINGS LIMITED

(formerly known as Inno-Pacific Holdings Ltd)

(Company Registration Number 197301788K)

(Incorporated in the Republic of Singapore)

COMPLETION OF THE PROPOSED SHOPHOUSES ACQUISITION

The Board of Directors of Innopac Holdings Limited (the “

Company

”) refers to its Circular to

shareholders dated 31 May 2011 in relation to, amongst other matters,

(a) the proposed acquisition by the Company’s w

holly-owned subsidiary, Inno-Pacific Realty

Sdn Bhd, of three (3) shophouses located in Kota Kinabalu Sabah Malaysia (the

“

Shophouses Acquisition

”) and

(b) the allotment and issue of 51,615,610 new ordinary shares in the capital of the Company at

an issue price of S$0.01 for each ordinary share (the “

LKY Consideration Shares

”) to Mr

Lim Kuan Yew (the “

Vendor

”), in partial satisfaction of the purchase consideration of

MYR1,230,030 (equivalent to approximately S$516,169) for the Shophouses Acquisition.

The Company is pleased to announce that it has completed the proposed Shophouses Acquisition

on 25 January 2013 and have allotted and issued the LKY Consideration Shares to the Vendor.

The listing and quotation of the LKY Consideration Shares on the Main Board of the SGX-ST is

expected to take place on or about 28 January 2013.

By Order of the Board

Innopac Holdings Limited

WONG CHIN YONG

Managing Director & Chief Executive Officer

25 January 2013