SETTLEMENT OF CLAIM

The Board of Directors (“

The Relevant Directors have also informed the Company that pursuant to the settlement, the charge in favour of Barclays over the shares in the Company owned by the Relevant Directors, has been discharged. The Board has been evaluating the continuation of the trading suspension of the Company’s shares. The Board has concluded that there is no longer any immediate uncertainty over whether the Relevant Directors will continue as controlling shareholders of the Company, and it is therefore appropriate for the trading suspension to be lifted at this time. Accordingly, the Company has applied to lift the suspension of trading, to take effect from commencement of trading tomorrow.

Shareholders and the public are advised to continue to exercise extreme caution before making any decision in respect of their dealings in the Company’s shares. The Company will continue to keep all its stakeholders updated on any material developments on a timely basis.Board”) of TT International Limited (the “Company”) refers to the action commenced by Barclays Bank plc (“Barclays”) against Ms Tong Jia Pi, Julia, the Executive Director of the Company, and Mr Sng Sze Hiang, the Executive Chairman and Chief Executive Officer of the Company (collectively the “Relevant Directors”) in Suit No. 820 of 2008/B (the “Suit”). The Relevant Directors have informed the Company that they have reached a full and final settlement of all disputes with Barclays including the counterclaim filed by the Relevant Directors in the Suit.

Press Release

SINGAPORE, 18 February 2009