MTQ Corporation Limited

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Acquisition Of Wholly-Owned Subsidiary

BackJun 27, 2008
The Board of Directors of MTQ Corporation Limited (the " Company" or "MTQ") wishes to announce that the Company has acquired one ordinary share in the issued share capital of Violetbloom Investments Pte. Ltd. ("Violetbloom") for a cash consideration of S$1.00. The principal activity of Violetbloom is that of investment holding. Consequent upon the acquisition of Violetbloom, Violetbloom is now a wholly-owned subsidiary of the Company.

The acquisition of Violetbloom has no material impact on the consolidated earnings per share or consolidated net tangible assets per share of the Group for the financial year ending 31 March 2009.

None of the Directors and controlling shareholders of the Company has any interest, direct or indirect in the acquisition of Violetbloom.


BY ORDER OF THE BOARD
MTQ CORPORATION LIMITED


FONG CHOON SENG
COMPANY SECRETARY
27 JUNE 2008