Whitewash Waivers

   
Futuristic Group Ltd   Mayfran International Ltd   Asia Environment Holdings Ltd
Whitewash Resolution in connection with Rights Issue of New Shares with Warrants   Whitewash Resolution in connection with the investment by
First Alverstone Capital Ltd
  Whitewash Resolution in connection with the Warrants Issue
S$6,600,000   S$8,700,000   S$1,400,000
Independent Financial Adviser   Independent Financial Adviser to the Independent Directors   Independent Financial Adviser to the Unaffected Directors
2007   2006   2006
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