Courts Initial Public Offering (IPO) Pricing & Details 9 Oct 2012

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Courts Asia Limited is offering 60,000,000 new Shares and Singapore Retail Group Limited is offering 118,000,000 existing Shares for subscription and/or purchase.

The Enlarged Offering of 178,000,000 Shares consists of

• International placement of 76,895,000 Offering Shares to institutional and other investors in Singapore, outside the United States;
• An offering of 8,900,000 Offering Shares to the public in Singapore;
• 77,920,000 Shares subscribed pursuant to the Cornerstone Tranche; and (d) 14,285,000 Shares subscribed and/or purchased pursuant to the Management Subscription Tranche, at S$0.77 for each Offering Share, payable in full on application.

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For more information on Courts, visit www.courts.com.sg.