INNOPAC HOLDINGS LIMITED (formerly known as Inno-Pacific Holdings Ltd) (Company Registration Number 197301788K) (Incorporated in the Republic of Singapore) COMPLETION OF THE PROPOSED CLEAR WATER PROPERTIES 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 wholly-owned subsidiary, Inno-Pacific Realty Sdn Bhd, of three (3) residential units in a condominium development known as "Clear Water Residence" located in Kuala Lumpur, Malaysia (the "Clear Water Properties Acquisition"); and
(b) the allotment and issue of 268,487,800 new ordinary shares in the capital of the Company at an issue price of S$0.01 for each ordinary share (the "Clear Water Consideration Shares") to the vendor, Clear Water Developments Sdn. Bhd. (the "Vendor"), in full satisfaction of the purchase consideration of MYR6,398,872 (equivalent to approximately S$2,684,878) for the Clear Water Properties Acquisition.
The Company is pleased to announce that it had completed the proposed Clear Water Properties Acquisition on 10 January 2013 and have allotted and issued the Clear Water Consideration Shares to the Vendor.
The listing and quotation of the Clear Water Consideration Shares on the Main Board of the SGX- ST is expected to take place on or about 14 January 2013.
By Order of the Board
Innopac Holdings Limited
WONG CHIN YONG
Managing Director & Chief Executive Officer
11 January 2013

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