DECLOUT S PORTFOLIO COMPANY, PROCURRI, SEES STRONG DEMAND FOR ITS IPO

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DECLOUT S PORTFOLIO COMPANY, PROCURRI, SEES STRONG DEMAND FOR ITS IPO Procurri s Offering of 68,880,000 New Shares was overall 1.9 times subscribed, with the public offer tranche approximately 10.1 times subscribed Procurri will be the first non-reit and first technology IPO on the Main Board of the Singapore Exchange Securities Trading Limited ( SGX-ST ) in 2016 Procurri s shares are expected to commence trading at 9.00 a.m. on 20 July 2016 Singapore, 19 July 2016 Catalist-listed DeClout Limited ( DeClout or the Company, and together with its subsidiaries, the Group ) announced today that its portfolio company, Procurri Corporation Limited ( Procurri ), has received strong institutional and retail investor interest for its initial public offering ( IPO or Offering ) in conjunction with its proposed listing (the Proposed Listing ) on the Main Board of the SGX-ST. At the close of the Offering at 12.00 noon on 18 July 2016, there were 1,796 valid applications for the 6,880,000 new shares offered under the public offer tranche ( Public Offer Shares ). In total, these applicants applied for 69,643,300 Public Offer Shares, with application monies received amounting to approximately S$39.0 million, representing a subscription rate of approximately 10.1 times. The 62,000,000 new shares offered under the placement tranche and allocated to institutional and other investors have been fully and validly subscribed with application monies received amounting to approximately S$34.7 million. Overall, the Offering was 1.9 times subscribed. Page 1 of 5

Mr. Vesmond Wong, Chairman and Group Chief Executive Officer of DeClout Limited, said, Being our maiden spin-off, the success of Procurri s IPO speaks volumes of our ability to invest, incubate, scale and harvest companies within our portfolio. Procurri s placement tranche was fully subscribed while the public offer tranche was approximately 10.1 times subscribed. These reflect the strong vote of confidence investors have in Procurri. After Procurri s listing on the Main Board of the SGX-ST, DeClout will continue to hold considerable interests in Procurri, participate in its growth, and be well-positioned to better reward its shareholders. Upon completion of the Proposed Listing, Procurri will be Singapore s first non-reit and first technology IPO on the Main Board of the SGX-ST this year. The estimated net proceeds of approximately S$34.6 million raised from the Offering will be used for building Procurri s war chest for future mergers and acquisitions, enhancing its infrastructure, and funding its growth expansion plans, among others. After Procurri s listing on the Main Board of the SGX-ST, DeClout will hold an approximate 46.53% stake in Procurri. End About DeClout Limited Led by a dynamic team of IT veterans, DeClout (www.declout.com) aims to be the leader in next generation technology driven services in Asia, delivering innovative and cost-effective solutions that will make us the partner of choice for leading companies across the region. We invest in, incubate and scale companies to be global or regional market leaders. Listed on the Catalist Board of the SGX-ST in 2012, the Group operates two core business segments - IT Infrastructure Services and Vertical Domain Clouds ( VDCs ) - out of Singapore, Malaysia, Indonesia, Thailand, Myanmar, Cambodia, the Philippines, United States ( US ), United Kingdom ( UK ) and the People s Republic of China. Page 2 of 5

The IT Infrastructure Services segment comprises businesses in data centre hardware and maintenance, cloud computing and systems integration as well as telco and network solutions. Drawing on the expertise and synergies gained from our array of complementary IT Infrastructure Services, the Group is capitalising on exciting opportunities through our VDCs - vibrant, self-contained and scalable ecosystems or communities - starting with the e-commerce and e-logistics industries. Our vision is to create diverse VDCs that serve the needs and aspirations of different businesses and user communities. With comprehensive strengths across a range of IT products and solutions that are deployed across Asia-Pacific, US and Europe, the Group is committed to creating longterm value and growth potential for its shareholders. About Procurri Corporation Limited Procurri is one of the leading global independent providers of Data Centre Equipment and Lifecycle Services. By offering a converged network that combines the technology, finance and logistics domains, Procurri would be a global aggregator of enterprise hardware and services to its channels. Incorporated in 2013, Procurri has grown rapidly through the years and now operates offices across three continents in the US, the UK, Mexico, Malaysia and Singapore, where its headquarters are located. Through its direct presence and global network of partners, Procurri s business covers over 80 countries worldwide, providing a single touchpoint for its customers Data Centre Equipment and Lifecycle Services needs. Upon listing, Procurri will be approximately 46.5% held by Catalist-listed DeClout Limited. Page 3 of 5

IMPORTANT NOTICE DISCLAIMER THE INFORMATION IN THIS NEWS RELEASE DOES NOT CONSTITUTE, OR FORM ANY PART OF ANY OFFER OR INVITATION FOR THE SALE OR SUBSCRIPTION OF, OR SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES IN PROCURRI CORPORATION LIMITED, NOR SHALL IT OR ANY PART OF IT FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY CONTRACT OR COMMITMENT WHATSOEVER. THE INFORMATION IN THIS NEWS RELEASE IS SUBSTANTIALLY BASED ON INFORMATION FOUND IN THE PROSPECTUS DATED 12 JULY 2016 ISSUED BY PROCURRI CORPORATION LIMITED (THE PROSPECTUS ) AND REGISTERED BY THE MONETARY AUTHORITY OF SINGAPORE. THIS NEWS RELEASE DOES NOT PURPORT TO BE COMPLETE AND IS QUALIFIED IN ITS ENTIRETY BY, AND SHOULD BE VIEWED IN CONJUNCTION WITH, THE FULL TEXT OF THE PROSPECTUS, INCLUDING BUT NOT LIMITED TO THE SECTIONS ENTITLED CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS AND RISK FACTORS OF THE PROSPECTUS. NEITHER THIS NEWS RELEASE NOR ANY OF ITS CONTENT MAY BE REPRODUCED, DISCLOSED OR USED WITHOUT THE PRIOR WRITTEN CONSENT OF PROCURRI CORPORATION LIMITED AND DECLOUT LIMITED. THIS NEWS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS PROVIDED WITH RESPECT TO THE ANTICIPATED FUTURE PERFORMANCE OF PROCURRI CORPORATION LIMITED. SUCH FORWARD-LOOKING STATEMENTS REFLECT VARIOUS ASSUMPTIONS CONCERNING THE FUTURE PERFORMANCE OF PROCURRI CORPORATION LIMITED. ACCORDINGLY, THERE CAN BE NO ASSURANCE THAT SUCH PROJECTIONS AND FORWARD-LOOKING STATEMENTS WILL BE REALISED. THE ACTUAL RESULTS MAY VARY FROM THE ANTICIPATED RESULTS AND SUCH VARIATION MAY BE MATERIAL. NO REPRESENTATIONS OR WARRANTIES ARE MADE AS TO THE ACCURACY OR REASONABLENESS OF SUCH ASSUMPTIONS OR THE FORWARD-LOOKING STATEMENTS BASED THEREON. INFORMATION CONTAINED IN THIS NEWS RELEASE DOES NOT CONSTITUTE A PART OF THE PROSPECTUS. Page 4 of 5

This news release has been prepared by the Company and its contents have been reviewed by the Company s sponsor, SAC Advisors Private Limited (formerly known as Canaccord Genuity Singapore Pte. Ltd.) ( Sponsor ), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the SGX-ST ). The Sponsor has not independently verified the contents of this news release. This news release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this news release, including the correctness of any of the statements or opinions made, or reports contained in this news release. The contact person for the Sponsor is Ms. Goh Mei Xian (Tel: (65) 6532 3829) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542. For media enquiries, please contact: Selina Lim Tel: +65 6818 1807 selina.lim@declout.com Winston Choo Tel: +65 6534-5122 / +65 9068-2099 winston.choo@citigatedrimage.com Amelia Lee Tel: +65 6534-5122 / +65 9008-6114 amelia.lee@citigatedrimage.com Page 5 of 5