DREW & NAPIER LLC AS COUNSEL TO OSIM INTERNATIONAL LTD FOR THE RIGHTS ISSUE OF RIGHTS SHARES

19 February 2009 – Drew & Napier LLC (“Drew & Napier”) currently acts as counsel to OSIM International Ltd ("OSIM or the Company") in respect of a proposed renounceable non-underwritten rights issue of up to 120,408,442 new ordinary shares in the capital of the company ("Rights Shares") at an issue price of S$0.55 for each Rights Share, on the basis of two Rights Shares for every nine existing shares held in the capital of the Company by entitled shareholders.

The Company intends to use the estimated net proceeds of approximately S$6.5 million from the Rights Issue for general working capital purposes and such other purposes as the Directors may deem fit.

OSIM is a company listed on the Singapore Stock Exchange and is a global leader in branded healthy lifestyle products. Established in 1980, OSIM is a brand management and niche marketing company with a focus on consumer lifestyle products. Today, OSIM operates a wide point-of-sales network with more than 1,100 outlets in more than 360 cities over 28 countries in Asia, Australia, Africa, the Middle East, United Kingdom and North America.

The Drew & Napier team is being led by Mr Petrus Huang, Director, Ms Joanne Lee and Mr Dax Lim.

ABOUT DREW & NAPIER LLC
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.

For more information please contact:

Verona Huang
Corporate Affairs Manager
Drew & Napier LLC
Tel: +65 6531 2482
Email: verona.huang@drewnapier.com

Lisa Lim
Corporate Affairs Executive
Drew & Napier LLC
Tel: +65 6531 2218
Email: lisa.lim@drewnapier.com