Please note that ITNL Offshore Pte. Ltd. ("IOPL"), a wholly owned subsidiary of the Company has mandated Deutsche Bank, The Royal Bank of Scotland and UBS to act as Joint Lead Managers for a Reg S CNH bond offering which is expected to be rated BBB- from Fitch. The Bonds are proposed to be listed on the Hong Kong Stock Exchange and the issue is expected to be launched in the near future subject to market conditions"