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JUBILEE INDUSTRIES HOLDINGS LTD.

(Incorporated in the Republic of Singapore) (Company Registration Number: 200904797H)

SGX Catalist-Listed Jubilee Industries Holdings Ltd. Raises Approximately S$15 Million From Placement of New Shares; To Diversify into Investment Holding Activities
Singapore, 20 June 2013 Jubilee Industries Holdings Ltd ("Jubilee or the Group) announced today that it will raise approximately S$15.0 million via a proposed placement of new shares (Proposed Placement) to fund its strategic diversification into investing activities in addition to its current precision plastics core business (Proposed Business Diversification). SGX Catalist-listed Jubilee said it will place out 97.5 million new shares at approximately 15.4 Singapore cents each (a discount of 10% to the volume weighted average price on 14 June 2013) to 17 corporate and individual investors. The Proposed Placement is expected to broaden Jubilees issued share capital base to 234.7 million shares from 137.3 million. Following completion of the Proposed Placement, SCE Enterprise Pte. Ltd., a subsidiary of SGX Mainboard-listed Serial System Ltd, will emerge as the largest shareholder, having raised its stake to 13.6% from 10.0%. The second largest shareholder will be Mr. Toh Soon Huat (Mr. Toh), the former Chief Executive Officer of SGX Catalist-listed Novena Holdings Limited (renamed Viking Offshore and Marine Ltd) whose stake in the enlarged capital base will rise to 10.8% from 9.0%. Jubilees former Chairman, Mr. Chua Kim Guan, will hold 10.7%, down from 18.3%. Mr. Toh, who has wide corporate experience including investment holding activities while heading Novena Holdings, is expected to be appointed as the sole Executive Director of Jubilee, subject to the completion of the Proposed Placement. Currently a Non-Executive Director of Jubilee, he is the Chairman of privately held Novena Foundation, which is involved in investment holdings as well as charity activities. The net proceeds of approximately S$15 million will be used primarily for investments in quoted and unquoted equities. The Proposed Placement and the Proposed Business Diversification are subject to approval from Jubilees shareholders at an Extraordinary General Meeting to be convened. Commenting on the Proposed Placement, Mr. Toh said: The Proposed Placement creates a sizeable war chest for Jubilee to embark on investment holding activities. The Group intends to acquire stakes in unlisted companies with growth potential as well as shares in listed corporations which can offer meaningful returns in the medium to long term to Jubilee.

Media Release SGX Catalist-Listed Jubilee Industries Holdings Ltd. Raises Approximately S$15 Million From Placement of New Shares; To Diversify into Investment Holding Activities Page 2 of 2 The Proposed Placement will mark a major new chapter for Jubilee to develop a second core business in addition to its plastic injection moulding business. I hope to bring my own extensive experience in this field and work with our Investment Committee to make judicious investments which can enhance value for all stakeholders, he said. Mr. Toh is expected to head the Investment Committee which will also include Jubilees Chief Financial Officer, Mr. Han Yee Yen, and the Non-Executive Director of Jubilee, Mr. Tan Soon Liang.

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About Jubilee Industries Holdings Limited Established in 1993, Jubilee Industries Holdings Ltd (Formerly called "JLJ Holdings Limited") is a provider of precision plastic injection mould design and fabrication, precision plastic injection moulding and value-added services to global customers in consumer electronics, computer peripherals, automotive and household appliances industries. For more information, please visit: http://www.jubilee-sg.com/

Issued on behalf of the Company by WeR1 Consultants Pte Ltd: WeR1 Consultants Pte Ltd 38A Circular Road, Singapore 049394 Tel: (65) 6737 4844, Fax: (65) 6737 4944 Lai Kwok Kin, laikkin@wer1.net Szecindyo Chewandi (Chin), chin@wer1.net

This press release has been prepared by the Company and its contents have been reviewed by the Companys sponsor, PrimePartners Corporate Finance Pte. Ltd. (the 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 press release. This press release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release. The contact person for the Sponsor is Mr. Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone (65) 6229 8088.