TMS

The Board of Directors wishes to announce that TMS Software Sdn Bhd (“TMSS”), a wholly owned subsidiary of the Company, had on 18 January 2012, entered into a Teaming Agreement (“Agreement”) with Konsortium Jaya Sdn Bhd (“KJSB”), as both parties wish to work together, with KJSB as the intended main contractor, while TMSS as the intended subcontractor to KJSB for the submission of a proposal to the Government of Malaysia, represented by the Ministry of Education (“Customer”) in relation to the “Perluasan Sistem Pengurusan Sekolah” to all 10,000 schools nationwide (“Project”) for their respective scope of work, with TMSS’s portion. If such Project is awarded by the Customer to KJSB, the both parties agree for:-

(a) KJSB to enter into an agreement with the Customer (“Prime Contract”); and

(b) TMSS to enter into a subcontract agreement with KJSB (“Subcontract”),

for the implementation of the Project, with both parties’ respective responsibilities as described in the Agreement.

None of the Directors and/or the substantial shareholders of TMS or any persons connected to them have any interest, direct or indirect in the Agreement.

Should there be any development pertaining thereto, the Company will make the necessary announcement accordingly.