JACKSPEED CORPORATION LIMITED Registration No. 199300300W (Incorporated in Singapore)

(The "Company")

QUARTERLY UPDATE PURSUANT TO RULE 1313(2) OF THE SGX-ST LISTING MANUAL

The Company was placed on the watch-list pursuant to Rule 1311 of the SGX-ST Listing Manual on 3 June 2011.
Pursuant to Rule 1313(2) of the SGX-ST Listing Manual, the Board of Directors of the
Company wishes to provide the following update:

Financial Position and Cash Flow

There have been no material changes in the Company and its subsidiaries (the "Group") financial position or operating results from those disclosed in the unaudited financial statements for the financial year ended 29 February 2012, which was released on 27 April 2012.

Outlook and Future Direction

Save as disclosed in the unaudited financial statements for the financial year ended
29 February 2012 which was released on 27 April 2012, there are no material developments that may have a significant impact on the financial position of the Group nor any other updates on its future direction.
By order of the Board of

JACKSPEED CORPORATION LIMITED

YAP KIAN PENG
Executive Chairman and Chief Executive Officer
6 May 2012

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