PART I - INFORMATION REQUIRED FOR QUARTERLY (Q1, Q2 & Q3), HALF-YEAR AND FULL YEAR ANNOUNCEMENTS

DECLOUT LIMITED (Registration No: 201017764W) UNAUDITED FINANCIAL STATEMENTS AND DIVIDEND ANNOUNCEMENT FOR THE FIRST QUARTER ENDED 31 MARCH 2016 ( 1Q2016 ) This announcement has been prepared by the Company and its contents have been reviewed by the Company s sponsor, Canaccord Genuity Singapore Pte. Ltd. ( Sponsor ), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ( SGX-ST ). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms Goh Mei Xian, Associate Director, Corporate Finance, Canaccord Genuity Singapore Pte. Ltd., at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160. PART I - INFORMATION REQUIRED FOR QUARTERLY (Q1, Q2 & Q3), HALF-YEAR AND FULL YEAR ANNOUNCEMENTS 1(a) An income statement and statement of comprehensive income, or a statement of comprehensive income, for the group, together with a comparative statement for the corresponding period of the immediately preceding financial year. Group 1Q2016 1Q2015 Change $'000 $'000 % Revenue 56,670 48,515 16.8 Cost of sales (43,163) (37,763) 14.3 Gross profit 13,507 10,752 25.6 Other items of income Other income 837 772 8.4 Other items of expense Other charges, net (887) (137) 547.4 Selling expenses (2,980) (2,145) 38.9 Administrative expenses (12,971) (11,154) 16.3 Finance costs (1,584) (554) 185.9 Share of results of associates (26) 115 N.M. Loss before tax (4,104) (2,351) 74.6 Income tax expense (378) (335) 12.8 Loss, net of tax (4,482) (2,686) 66.9 Loss, net of tax attributable to: Owners of the Company (4,555) (2,566) 77.5 Non-controlling interests 73 (120) N.M. (4,482) (2,686) 66.9 N.M. - Not meaningful Page 1 of 13

Group 1Q2016 1Q2015 Change Note $'000 $'000 % Statement of comprehensive income Other comprehensive income Exchange differences on translating foreign operations, net of tax 1 (1,592) 230 N.M. Other comprehensive income for the period, net of tax (1,592) 230 N.M. Total comprehensive income for the period (6,074) (2,456) 147.3 Total comprehensive income attributable to: Owners of the Company (5,733) (2,397) 139.2 Non-controlling interests (341) (59) 478.0 Total comprehensive income for the period (6,074) (2,456) 147.3 Loss before tax of the Group is arrived at after charging / (crediting): Note Depreciation of plant and equipment 2 1,572 1,322 18.9 Amortisation of intangible assets 3 730 329 121.9 Allowance for impairment on trade receivables (294) 87 N.M. Provision for stock obsolescence 136 168 (19.0) Foreign exchange loss / (gain) 4 484 (277) N.M. Loss on disposal of plant and equipment, net - 1 N.M. Interest income (51) (58) (12.1) Interest expenses 5 1,584 554 185.9 N.M. - Not meaningful Notes (1) Other comprehensive income of $1.6m represented the loss arising mainly from the translation of the Group s foreign operations in America and Europe. (2) The increase in depreciation of plant and equipment was mainly due to an increase in new purchases of plant and equipment and also arising from the acquisition of subsidiaries. (3) The increase in amortisation expenses in respect of intangible assets was due to additions of intangible assets mainly arising from the acquisitions of Tinglobal Holdings Limited, OSINet Communications Pte Ltd and Pacnet Internet (Thailand) Limited ("PITH"), of which $0.1m (1Q2015: $0.2m) was recorded under cost of sales. (4) Foreign exchange loss of $0.5m was incurred arising from the revaluation of certain subsidiaries receivables denominated in US dollar which had weakened against Singapore dollar during 1Q2016. (5) Interest expenses increased in 1Q2016 primarily due to imputed notional non-cash interest cost of $0.8m on the redeemable exchangeable bonds of $6.0m issued by the Company in Jan 2016, as well as more borrowings taken up for acquisitions and funding of working capital. Page 2 of 13

1(b)(i) A statement of financial position (for the issuer and group), together with a comparative statement as at the end of the immediately preceding financial year. Group Company 31-Mar-16 31-Dec-15 31-Mar-16 31-Dec-15 $'000 $'000 $'000 $'000 Non-current assets Property, plant and equipment 19,894 19,458 445 531 Investment in subsidiaries - - 67,661 67,661 Investment in associated company 7,767 7,793 - - Intangible assets 62,125 58,023 - - Finance lease receivables 1,429 1,456 - - Other financial receivable 1,427 1,454 - - Deferred tax assets 4,082 3,770 - - Total non-current assets 96,724 91,954 68,106 68,192 Current assets Inventories 25,287 18,509 - - Trade and other receivables 85,712 80,856 50,582 36,605 Finance lease receivables 1,283 1,234 - - Other assets 7,191 4,621 378 341 Cash and bank balances 15,257 22,724 229 471 Total current assets 134,730 127,944 51,189 37,417 Total assets 231,454 219,898 119,295 105,609 Equity Share capital 103,626 86,953 103,626 86,953 Retained earnings 6,232 10,787 (7,693) (5,163) Other reserves (25,830) (15,911) 1,936 3,769 Equity attributable to owners of the Company 84,028 81,829 97,869 85,559 Non-controlling interests 21,495 21,708 - - Total equity 105,523 103,537 97,869 85,559 Non-current liabilities Deferred tax liabilities 859 1,146 - - Trade and other payables 4,729 3,255 - - Loans and borrowings 17,939 17,610 8,000 8,250 Provisions 463 382 238 238 Total non-current liabilities 23,990 22,393 8,238 8,488 Current liabilities Trade and other payables 50,952 49,316 1,880 7,139 Other liabilities 6,553 3,713 - - Loans and borrowings 43,142 39,745 11,308 4,423 Income tax payables 1,294 1,194 - - Total current liabilities 101,941 93,968 13,188 11,562 Total liabilities 125,931 116,361 21,426 20,050 Total equity and liabilities 231,454 219,898 119,295 105,609 Page 3 of 13

1(b)(ii) In relation to the aggregate amount of the group's borrowings and debt securities, specify the following as at the end of the current financial period reported on with comparative figures as at the end of the immediately preceding financial year. As at 31-Mar-16 As at 31-Dec-15 Group Secured Unsecured Total Secured Unsecured Total $'000 $'000 $'000 $'000 $'000 $'000 Amount repayable in one year or less, on demand 16,501 26,641 43,142 21,071 18,674 39,745 Amount repayable after one year 9,926 8,013 17,939 10,346 7,264 17,610 26,427 34,654 61,081 31,417 25,938 57,355 Borrowings comprise of: Bank term loans 13,437 15,183 28,620 13,871 12,533 26,404 Short term trade facilities 11,470 9,212 20,682 15,822 9,131 24,953 Third party loans - 2,217 2,217-2,609 2,609 Finance lease obligations 1,275 2 1,277 1,219 345 1,564 Convertible redeemable preference shares - 1,055 1,055-1,026 1,026 Embedded derivatives - 167 167-167 167 Redeemable exchangeable bonds - 6,769 6,769 - - - Bank overdrafts 245 49 294 505 127 632 26,427 34,654 61,081 31,417 25,938 57,355 Details of collaterals The finance lease obligations of $1.3m as at 31 March 2016 (31 December 2015: $1.2m) are secured by charges over the leased assets (plant and equipment) with a net book value of $1.2m as at 31 March 2016 (31 December 2015: $1.1m). Included in term loans of $13.4m is an amount of $2.4m which is secured by charges over certain properties with a net book value of $4.4m as at 31 March 2016 (31 December 2015: $4.4m). The remaining term loans of $11.0m are secured by corporate guarantees issued by the Company and some of its subsidiaries. The secured short-term trade facilities of $11.5m (31 December 2015: $15.8m) included trust receipts and trade receivables factoring. Bank overdrafts are guaranteed by certain directors of a subsidiary and / or secured by pledged deposits. Page 4 of 13

1(c) A statement of cash flows (for the Group), together with a comparative statement for the corresponding period of the immediately preceding financial year. Group 1Q2016 1Q2015 $'000 $'000 Cash flows from operating activities Loss before tax (4,104) (2,351) Depreciation of property, plant and equipment 1,572 1,322 Amortisation of intangible assets 730 329 (Gain) / Loss on disposal of plant and equipment, net - 1 Share-based payments 306 807 Interest income (51) (58) Interest expenses 1,584 554 Share of results of associated company 26 (115) Foreign exchange (1,189) 240 Operating cash flows before changes in working capital (1,126) 729 Increase in inventories (5,865) (1,544) Decrease / (Increase) in trade and other receivables 4,545 18,895 (Increase) / Decrease in finance lease receivables 6 (505) Decrease / (Increase) in other assets (2,266) 162 (Decrease) / Increase in trade and other payables (4,865) (20,133) Increase / (Decrease) in other liabilities 2,645 933 Net cash flows used in operations (6,926) (1,463) Income taxes paid (236) (908) Net cash used in operating activities (7,162) (2,371) Cash flows from investing activities Purchase of property, plant and equipment (2,013) (653) Additions to intangible assets (3,299) - Net cash inflows from acquisition of subsidiaries 2,595 761 Interest received 51 58 Net cash (used in) / generated from investing activities (2,666) 166 Cash flows from financing activities Share issue expenses (16) (16) Acquisition of non-controlling interests (6) - Release / (Placement) of fixed deposits pledged as collateral for bank facilities (11) - Proceeds from loans and borrowings 34,532 1,979 Repayments of loans and borrowings (30,802) - Interest paid (1,008) (304) Net cash generated from financing activities 2,689 1,659 Net decrease in cash and cash equivalents (7,139) (546) Cash and cash equivalents at beginning of financial period 21,702 10,361 Cash and cash equivalents at end of financial period 14,563 9,815 Cash and cash equivalents comprise the following: Cash and bank balances 15,257 10,973 Less: Bank overdraft (293) (585) Less: Fixed deposits pledged as collateral for banker's guarantee (197) (227) Less: Fixed deposits pledged as collateral for banking facilities (204) (346) Cash and cash equivalents 14,563 9,815 Page 5 of 13

1(d)(i) Group A statement (for the Issuer and Group) showing either (i) all changes in equity or (ii) changes in equity other than those arising from capitalisation issues and distributions to shareholders, together with a comparative statement for the corresponding period of the immediately preceding financial year. Total Equity Attributable to Shareholders Share Capital Other Reserves Retained Earnings Non- Controlling Interests $'000 $'000 $'000 $'000 $'000 $'000 At 1 January 2016 103,537 81,829 86,953 (15,911) 10,787 21,708 Total comprehensive income for the period Issuance of ordinary shares for acquisitions of subsidiaries and associates Issuance of ordinary shares pursuant to PSP Acquisition of non-controlling interests of a subsidiary without a change in control (6,074) (5,733) - (1,178) (4,555) (341) 7,776 7,550 7,550 - - 226 - - 2,139 (2,139) - - (6) 92 7,000 (6,908) - (98) Share issuance expense (16) (16) (16) - - - Share-based payments 306 306-306 - - At 31 March 2016 105,523 84,028 103,626 (25,830) 6,232 21,495 0 0 (0) (36,616) 10,787 0 At 1 January 2015 59,484 46,964 41,775 (620) 5,809 12,520 Total comprehensive income for the period Issuance of ordinary shares for acquisitions of subsidiaries (2,396) (2,292) - 274 (2,566) (104) 26,786 26,786 26,786 - - - Issuance of ordinary shares pursuant to PSP - - 938 (938) - - Dividends paid to non-controlling interests (59) - - - - (59) Acquisition of non-controlling interests of a subsidiary without a change in control Share issuance expense Share-based payments (5,670) (5,670) - (5,670) - - (16) (16) (16) - - - 807 807-807 - - At 31 March 2015 78,936 66,579 69,483 (6,147) 3,243 12,357 Page 6 of 13

1(d)(i) Company A statement (for the Issuer and Group) showing either (i) all changes in equity or (ii) changes in equity other than those arising from capitalisation issues and distributions to shareholders, together with a comparative statement for the corresponding period of the immediately preceding financial year. Share Other Retained Total Equity Capital Reserves Earnings $'000 $'000 $'000 $'000 At 1 January 2016 85,559 86,953 3,769 (5,163) Total comprehensive income for the period (2,530) - - (2,530) Issuance of ordinary shares for acquisitions of subsidiaries and associates Issuance of ordinary shares pursuant to PSP 14,550 14,550 - - - 2,139 (2,139) - Share issuance expense (16) (16) - - Share-based payments 306-306 - At 31 March 2016 97,869 103,626 1,936 (7,693) At 1 January 2015 42,311 41,775 1,236 (700) Total comprehensive income for the period (2,195) - - (2,195) Issuance of ordinary shares for acquisitions of subsidiaries 26,786 26,786 - - Issuance of ordinary shares pursuant to PSP - 938 (938) - Share issuance expense (16) (16) - - Share-based payments 807-807 - At 31 March 2015 67,693 69,483 1,105 (2,895) Page 7 of 13

1(d)(ii) Details of any changes in the Company's share capital arising from rights issue, bonus issue, share buy-backs, exercise of share options or warrants, conversion of other issues of equity securities, issue of shares for cash or as consideration for acquisition or for any other purpose since the end of the previous period reported on. State also the number of shares that may be issued on conversion of all the outstanding convertibles, as well as the number of shares held as treasury shares, if any, against the total number of issued shares excluding treasury shares of the issuer, as at the end of the current financial period reported on and as at the end of the corresponding period of the immediately preceding financial year. A) Changes in share capital during the financial period Number of Ordinary Shares Issued and Paid-up Share Capital '000 $'000 As at 1 January 2016 538,618 86,953 Issuance of ordinary shares pursuant to acquisition of a subsidiary 15,000 3,000 Issuance of ordinary shares pursuant to acquisition of non-controlling interests 56,863 11,550 Issuance of ordinary shares pursuant to performance share plan 8,370 2,139 Share issue expenses - (16) As at 31 March 2016 618,851 103,626 B) Shares options - employee share option scheme Between 1 January 2016 and 31 March 2016, the Company did not issue any shares under the employee share option scheme (the Scheme ). Under the Scheme, options to subscribe for 7,581,393 shares remained outstanding as at 31 March 2016, unchanged from the balance as at 31 March 2015. Details of the outstanding options as at 31 March 2016 are as follows: Outstanding Options as at Exercise Price Exercisable Period 31-Mar-15 and 31-Mar-16 $ From To C) Performance share plan 1,674,418 0.1881 10-May-15 9-May-23 1,674,418 0.1881 10-May-16 9-May-23 2,232,557 0.1881 10-May-17 9-May-23 600,000 0.1290 2-Jan-15 1-Jan-24 600,000 0.1290 2-Jan-16 1-Jan-24 800,000 0.1290 2-Jan-17 1-Jan-24 7,581,393 1(d)(iii) 1(d)(iv) As at 31 March 2016, the number of outstanding awards granted under the performance share plan was 8,887,500 (31 March 2015: 19,925,000). The shares to be issued pursuant to the awards are subject to certain performance conditions to be satisfied by the respective participants. Once the performance conditions are satisfied, the shares shall be released to the respective participants after the respective performance periods. D) Treasury shares No treasury shares were held by the Company as at 31 March 2016 and 31 March 2015. Save as disclosed above, the Company has no other outstanding convertibles as at 31 March 2016 and 31 March 2015. Total number of issued shares excluding treasury shares as at the end of the current financial period and as at the end of the immediately preceding year. The total number of issued shares as at 31 March 2016 was 618,850,590 (31 December 2015: 538,617,530). The Company has no treasury shares. A statement showing all sales, transfers, disposals, cancellation and/or use of treasury shares as at the end of the current financial period reported on. Not applicable as the Company has no treasury shares. Page 8 of 13

2 Whether the figures have been audited or reviewed, and in accordance with which auditing standard or practice. The figures have not been audited or reviewed by the Company s auditors. 3 Where the figures have been audited or reviewed, the auditors report (including any qualifications or emphasis of matter). Not applicable. 4 Whether the same accounting policies and methods of computation as in the issuer s most recently audited annual financial statements have been applied. The Group has consistently applied the same accounting policies and methods of computation in the financial statements for the first quarter ended 31 March 2016 compared with those of the audited financial statements for the financial year ended 31 December 2015, except for the adoption of the Singapore Financial Reporting Standards ( SFRS ), including improvements to SFRS and Interpretations of FRS ( INT FRS ) that are mandatory for financial years beginning on or after 1 January 2016, during the first quarter ended 31 March 2016, where applicable. The adoption of these new / revised standards and interpretations applicable for the financial year beginning 1 January 2016 did not result in significant change to the Group s accounting policies and did not have a material impact on the Group s results. 5 If there are any changes in the accounting policies and methods of computation, including any required by an accounting standard, what has changed, as well as the reasons for, and the effect of, the change. Please refer to item 4 above. 6 Earnings per ordinary share of the Group for the current financial period reported on and the corresponding period of the immediately preceding financial year, after deducting any provision for preference dividends. Group 1Q2016 1Q2015 Basic earnings per share (cents) (0.78) (0.63) Weighted average number of shares ('000) 580,988 409,342 Fully diluted earnings per share (cents) (0.75) (0.59) Weighted average number of shares ('000) 604,344 432,349 7 Net asset value (for the Issuer and Group) per ordinary share based on the total number of issued shares excluding treasury shares of the issuer at the end of the:- a) current financial period reported on; and b) immediately preceding financial year. Group Company 31-Mar-16 31-Dec-15 31-Mar-16 31-Dec-15 Net asset value per share (cents) Number of shares in issue ('000) 13.58 15.19 15.81 15.88 618,851 538,618 618,851 538,618 Page 9 of 13

8 A review of the performance of the Group, to the extent necessary for a reasonable understanding of the Group s business. It must include a discussion of the following:- a) any significant factors that affected the turnover, costs, and earnings of the Group for the current financial period reported on, including (where applicable) seasonal or cyclical factors; and b) any material factors that affected the cash flow, working capital, assets or liabilities of the Group during the current financial period reported on. Review of performance Group s revenue jumped 16.8% or $8.2m to $56.7m in 1Q2016 from $48.5m in 1Q2015. This was mainly due to mergers and acquisitions ("M&A") undertaken by the Group which contributed to revenue increases in both the IT Infrastructure Services ("IT Infra") and Vertical Domain Cloud ("VDC") segments. The IT Infra segment grew 10.0% or $4.5m to $49.6m in 1Q2016 from $45.1m in 1Q2015 due to full period's contribution from newly acquired subsidiaries. The VDC segment grew 106.0% or $3.7m to $7.1m in 1Q2016 from $3.4m in 1Q2015, largely due to Play-E Pte Ltd's platform business acquired in the last quarter of 2015. Gross profit for the Group increased 25.6% or $2.8m to $13.5m for 1Q2016 from $10.7m for 1Q2015. The gross profit margin increased by 1.6 percentage points to 23.8% in 1Q2016 from 22.2% in 1Q2015, due to a favourable sales mix comprising a higher proportion of recurring revenue which had better margins. Other income comprised mainly freight costs charged to customers, licensing fees, rebates from trade suppliers and interest income arising from the leasing of equipment. Other charges consist mainly of impairment of trade receivables and inventory, amortisation of intangible assets and foreign exchange differences. It increased to $0.9m for 1Q2016 from $0.1m for 1Q2015 mainly due to foreign exchange losses, higher amortisation expenses on intangible assets arising from M&A activities, partially offset by a $0.3m write-back on impairment of trade receivables. Selling expenses increased by 38.9% or $0.8m from $2.2m in 1Q2015 to $3.0m in 1Q2016, mainly due to higher marketing and commission costs incurred which was in line with the increase in revenue. In tandem with the growth in the Group's operations, administrative expenses increased by 16.3% or $1.8m from $11.2m in 1Q2015 to $13.0m in 1Q2016. The increase in administrative expenses were attributable to increase in staff costs of $1.2m as a result of additional headcount from the acquisitions of Pacnet Internet (S) Pte Ltd ("PISG")'s internet service provider ("ISP") business and TJ Systems (S) Pte Ltd ("TJS"), as well as rental and other administrative expenses of $0.6m arising from the full period's contribution from acquired subsidiaries. Finance costs increased by 185.9% or $1.0m from $0.6m in 1Q2015 to $1.6m in 1Q2016 mainly due to imputed notional non-cash interest cost of $0.8m on the redeemable exchangeable bonds of $6.0m issued by the Company in Jan 2016, as well as an increase in loans and borrowings to support the growth in the Group's business operations and M&A activities. The Group recorded a loss before tax of $4.1m for 1Q2016 as compared to $2.3m for 1Q2015, primarily due to higher finance costs and maiden operating expenses from newly acquired subsidiaries. These subsidiaries are still at their early stage of integration into the Group, and are expected to contribute positively later this year. Tax expenses relate mainly to profitable foreign subsidiaries. Despite a higher loss before tax in 1Q2016, the Group s tax expense increased by 12.8% or $43k to $378k in 1Q2016 from $335k in 1Q2015, primarily due to a deferred tax expense of $268k. Non-controlling interests shared a profit of $73k in 1Q2016 as compared to a loss in 1Q2015, mainly due to the proportionate share for Procurri group which was profitable in 1Q2016. This resulted in a net loss after tax of $4.5m for 1Q2016, an increase of 66.9% from $2.7m for 1Q2015, and a loss attributable to owners of the Company of $4.6m for 1Q2016 as compared to $2.6m for 1Q2015. Page 10 of 13

Review of financial position Non-current assets a) Property, plant and equipment increased by $0.4m arising from the acquisition of a new subsidiary in 1Q2016 and purchases of new equipment, partially offset by depreciation charges. b) Intangible assets increased by $4.1m mainly due to goodwill of $2.3m arising from the Group's acquisition of TJS and $3.3m of other intangibles from the acquisition of PISG's ISP business, partially offset by amortisation charges of $0.7m and translation losses of $0.8m. Current assets c) Inventories went up by $6.8m mainly due to an increase in inventory levels to meet anticipated orders under the IT Infra segment. d) Trade and other receivables increased by $4.9m, of which $3.9m was from the acquisition of new subsidiaries in 1Q2016. The remaining $1.0m was primarily due to the Group s growth in business activities. At the Company's level, the increase in trade and other receivables of $14.0m mainly relates to owings from subsidiaries for corporate service charges, cash extended to and the Company's shares issued for M&A activities at the respective subsidiaries' levels. e) Other assets increased by $2.6m mainly due to non-trade prepayments and advance payments made to suppliers. f) The movement in cash and bank balances is illustrated in the statement of cash flows and review of cash flows. Equity g) Share capital increased by $16.7m, of which $7.0m and $4.6m arose from the issuance of new shares by the Company to acquire the non-controlling interests ("NCI") of Procurri Asia Pacific Pte Ltd ("PAP") and Epicsoft Asia Pte Ltd respectively. The issuance of new shares for the acquisition of TJS accounted for $3.0m, while the remaining $2.1m related to the issuance of new shares to employees under the Performance Share Plan. h) The movement in other reserves of $9.9m comprised the premium of $6.9m paid for the acquisition of PAP's remaining NCI, $2.1m from the issuance of performance shares and comprehensive income of $1.2m, partially offset by share-based payments of $0.3m. Liabilities i) The increase in trade and other payables (both current and non-current) of $3.1m was in line with the Group's growth in business activities. j) The increase in loans and borrowings (both current and non-current) of $3.7m comprised mainly bank loans to fund working capital. k) Other liabilities (current) increased by $2.8m mainly due to advance payments by customers. Page 11 of 13

Review of cash flows During 1Q2016, the Group's cash and cash equivalents decreased by $7.1m to $14.6m as of 31 March 2016. The significant cash movements during 1Q2016 are as follows: i) Net cash used in operating activities in 1Q2016 amounted to $7.2m as compared to $2.4m in 1Q2015. This was mainly due to an operating cash outflow (before changes in working capital) of $1.1m in 1Q2016, increases in inventories and other assets amounting to $5.9m and $2.3m respectively, taxes paid of $0.2m, partially offset by an increase in other liabilities of $2.6m. ii) Net cash used in investing activities in 1Q2016 was $2.7m as compared to an inflow of $0.2m in 1Q2015. This was mainly due to intangible assets of $3.3m from the acquisition of PISG s ISP business, purchases of plant and equipment amounting to $2.0m, partially offset by an inflow of $2.6m from the acquisition of TJS. iii) Net cash generated from the financing activities in 1Q2016 was $2.7m as compared to $1.7m in 1Q2015. This was mainly due to net proceeds from loans and borrowings amounting to $3.7m, partially offset by interest paid of $1.0m. 9 Where a forecast, or a prospect statement, has been previously disclosed to shareholders, any variance between it and the actual results. Not applicable. No forecast or prospect statement had been previously disclosed to shareholders. 10 A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the Group operates and any known factors or events that may affect the Group in the next reporting period and the next 12 months. The outlook for global growth remains weak for 2016 and will likely pose challenges to the Group's performance for the rest of the year. The Group will continue to extract synergies of our business operations by improving productivity and consolidation of operations. The Group's performance is seasonal with first quarter traditionally being weaker, and with the last quarter being relatively the strongest performance quarter. Hence the Group will continue to improve the business mix to even out the lopsided contribution from first quarter, with a focus on recurring revenues. The Group has received shareholders approval on 28 April 2016 and Eligibility-to-List from the SGX-ST on 29 April 2016 in relation to the proposed spin-off of our subsidiary, Procurri Corporation Pte. Ltd. on the Mainboard of the SGX-ST, which is expected to unlock value for the Group s investments. Barring any unforeseen circumstances, the Group expects to grow in all its business segments and will continue to monetize and harvest the rest of the business units. 11 Dividend (a) Current Financial Period Reported On Any dividend declared for the current financial period reported on? None. (b) Corresponding Period of the Immediately Preceding Financial Year Any dividend declared for the corresponding period of the immediately preceding financial year? None. (c) Date payable Not applicable. (d) Book closure date Not applicable. Page 12 of 13

12 If no dividend has been declared (recommended), a statement to that effect. No dividend has been declared or recommended for the first quarter ended 31 March 2016. 13 If the Group has obtained a general mandate from shareholders for Interested Person Transactions (IPTs), the aggregate value of such transactions as required under Rule 920(1)(a)(ii). If no IPT mandate has been obtained, a statement to that effect. The Group has not obtained a general mandate from shareholders for IPTs. There was no IPT for the first quarter ended 31 March 2016. 14 Confirmation pursuant to Rule 705 (5) of the Listing Manual To the best of our knowledge, nothing has come to the attention of the Board of Directors of Declout Limited, which may render the unaudited interim financial statements of the Group and the Company for the first quarter ended 31 March 2016 to be false or misleading in any material aspect. 15 Confirmation pursuant to Rule 720 (1) of the Listing Manual The Company confirms that it has procured the Undertakings from all its Directors and Executive Officers in the format set out in Appendix 7H pursuant to Rule 720(1) of the Listing Manual. BY ORDER OF THE BOARD Lee Bee Fong Company Secretary 11 May 2016 Page 13 of 13