DREW & NAPIER ACTED AS COUNSEL TO SINGAPORE COMPUTER SYSTEMS ("SCS")

30 September 2008 – Drew & Napier LLC ("Drew & Napier") acted as counsel to Singapore Computer Systems ("SCS") in Singapore Telecommunications ("SingTel") acquisition of SCS.

SingTel acquired SCS through its wholly owned subsidiary Computer Systems Holdings ("CSH"). CSH acquired the 93,144,501 SCS shares from Green Dot Capital Pte. Ltd. ("GDC") for S$1.50 per share and an aggregate consideration of approximately S$140 million. Following the acquisition, the company has made a mandatory conditional cash offer for the remaining shares of SCS at SGD1.50 per share.

SCS provides services including IT infrastructure, applications management, converged communications, and business continuity management, and has operations in Singapore, Brunei, China, Indonesia, Malaysia, the Philippines, and Thailand.

The Drew & Napier team was led by Mr Ralph Lim, Director of the Banking and Corporate Department.

Established in 1889, Drew & Napier LLC is one of Singapore's leading and largest law firms, with over 250 lawyers and fee-earners. Consistently rated top tier in dispute resolution over the years by international ranking organisations such as Asia Pacific Legal 500, Chambers Global, Practical Law Company and Asia Law Profiles, to name but a few, the firm has 7 Senior Counsel, the largest number of any law firm in Singapore. The firm is headed by chief executive officer, Davinder Singh, Senior Counsel. Drew & Napier LLC is also rated top tier in Corporate Insolvency & Restructuring, Intellectual Property (Patents and Trademarks) Competition & Antitrust, Telecommunications, Media & Technology and Tax, with market leading practices in Mergers & Acquisitions, Corporate Finance, and Admiralty & Shipping. For more information, please visit www.drewnapier.com.

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