JEP Holdings Ltd. 44 South Street 1 486762 Tel: (65) 6545 4222 / Fax: (65) 6545 2823 (Company Registration No.: 199401749E)

MEDIA RELEASE

JEP to lease land for new premises at Aerospace Park

• 18,502.10 sq m land with a 30-year lease, will yield 80% larger production area • New premises will be JEP’s main manufacturing facility by the end of year 2017 • Total investment of S$28 million to be funded through a long term bank loan

2 December 2014 – JEP Holdings Ltd. , (“JEP”, and together with its subsidiaries, the “Group”), a leading provider of value-added aerospace engineering solutions, announced today that its subsidiary, JEP Precision Engineering Pte Ltd, has signed a lease agreement dated 12 November 2014 with Town Corporation (“JTC”) for a parcel of land at Seletar Aerospace Crescent in Seletar Aerospace Park. The 18,502.10 square metre plot has a lease term of 30 years beginning on 1 February 2015. The Group intends to relocate its primary manufacturing facilities from its current premises in Changi to this new land, and all the machinery and equipment from Changi is expected to be brought over to Seletar Aerospace Crescent by the end of 2017.

“We are very grateful for the support we have received from the government, particularly the Economic Development Board, who assisted us in securing this land parcel. We are excited to be a part of the push to entrench Singapore as a regional aerospace hub, and given that Seletar Aerospace Park is the centrepiece of the local industry, our move there will help in positioning JEP to ride this wave in the years ahead.”

- Mr Joe Lau, Executive Chairman and CEO, JEP Holdings Ltd.

The Group estimates that it will need to invest approximately S$28 million over the next 3 years for the construction of the new building and to purchase new machinery for capacity expansion. Such investment will be funded through a long term bank loan. The investment in the new machinery is to support the Group’s growing businesses in aerospace, as well as other machining and engineering works. The Group is in the process of seeking additional bank facilities for this purpose. The Group expects the construction work to start on the new land site in April 2015, with the completion targeted for the first quarter of year 2017. Thereafter, machinery and equipment will be brought over from the Changi premises in a staggered way so as not to affect production and delivery schedules. The Group expects that the new land will yield a production area that is 80% larger than its current premises at Changi.

“This is a strategic move which we have decided to undertake after careful deliberation. Compared to our current premises, we are getting good value on the new land, considering the much larger area. It also comes at an opportune time given that the lease agreement on our current premises at Changi will expire at the end of year 2017, and our facilities there are already running at close to maximum capacity with no room for further expansion. The decision is supported by our strong order flow, as we have an annual order book value of approximately S$41 million, and we are seeing healthy growth in this as well as the level of enquiries from customers.“

- Mr Soh Chee Siong, CEO, JEP Precision Engineering Pte Ltd.

About JEP Holdings Ltd.

JEP Holdings Ltd.is a solution provider of high value, integrated and specialised precision machining and engineering services for a number of industries, with a primary focus on the aerospace industry, as well as oil and gas and equipment manufacturing industries. The Group provides seamless manufacturing solutions with a value chain of high end precision machining, supported by modular assembly of sub-systems, advanced machine and equipment and full system integration capabilities.

Founded in 1998 and led by a dedicated and experienced management team, the Group is headquartered in Singapore, with two facilities for manufacturing and the provision of secondary processes related to engineering services. JEP has an established network of customers in the aerospace industry, stretching across North America, Europe, and Japan.

Listed on SGX Catalist since 2004, the Group was formerly known as Alantac Technology Ltd. and changed its name in May 2010.

For more information, please visit http://www.jep-holdings.com .

Media/IR Contacts: Koh Bee Ann, NRA Capital Evan Ong, NRA Capital Tel: 6236 6878 Tel: 6236 6895 Email: [email protected] Email: [email protected]

This media release has been prepared by the Company and its contents have been reviewed by the Company’s Sponsor, Stamford Corporate Services 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 media release. This media release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this media release including the correctness of any of the statements or opinions made or reports contained in this media release.

The contact person for the Sponsor is Mr. Ng Joo Khin. Telephone number: 6389 3000 Email: [email protected]