RIGHTS ISSUE OF WARRANTS OF OSIM INTERNATIONAL LTD
-Drew & Napier LLC as counsel to the rights issue of warrants-

04 July 2008 – Drew & Napier LLC (“Drew & Napier”) acted as counsel to the renounceable non-underwritten rights issue of up to 136,605,039 warrants ("Warrants") at an issue price of S$0.09 for each Warrant, each Warrant carrying the right to subscribe for one new ordinary share ("New Share") in the capital of OSIM International Ltd ("Osim") at an exercise price of S$0.35 for each New Share, on the basis of one Warrant for every four existing ordinary shares in the capital of Osim held by entitled shareholders.

The Drew team was led by Mr Petrus Huang, Director of Drew, Ms Sabrina Wan, Ms Christina Goh, Mr Dax Lim and Ms Felicia Koh.

ABOUT DREW & NAPIER LLC
Established in 1889, Drew & Napier LLC is one of Singapore's leading and largest law firms, with over 220 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 and Tax, with market leading practices in Banking & Corporate, Competition & Antitrust, Telecommunications, Media & Technology, 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