Reference is made to the announcements dated 11, 13 and 18 October 2011 in relation to the floods in Ayutthaya, Thailand.

Flood waters have receded at the manufacturing facilities of both Engtek (Thailand) Co., Ltd. (“ETCL”) and Altum Precision Co., Ltd. (“APT”). Decontamination and cleaning work are currently underway at the facilities and is expected to be completed by next week. Afterwhich, restoration work will commence.

The insurance loss adjustors have conducted a preliminary assessment of the damage caused by the floods. Initial assessment indicates that the machinery damage is widespread due to rust, corrosion and contamination after being submerged in flood waters above two metres since October 2011. Meanwhile management is currently working on the detailed documentation for the insurance claims which is expected to be finalised and submitted to the insurers by the end of December 2011. Thereafter further assessment will be made by the insurers while operations gradually resume. The insurance claims process is expected to be completed within three (3) to six (6) months.

Whilst production capacity of ETCL and APT may be fully restored by the second quarter of 2012, production level at both ETCL and APT are only expected to return to normal by the third quarter of 2012 as the output is meant for major customers which have also been affected by the floods. The floods have caused a substantial disruption to the supply chain of key hard disk drive components and the whole hard disk drive industry in Thailand. It is estimated that the supply chain situation will only be normalised in the next three (3) to six (6) months.

This announcement is dated 15 December 2011.