Mandatory unconditional cash offer for Westminster Travel Limited

MISCELLANEOUS

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Miscellaneous

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Name of Announcer * WESTMINSTER TRAVEL LIMITED

Company Registration No. 200814792H

Announcement submitted on behalf of WESTMINSTER TRAVEL LIMITED

Announcement is submitted with respect to *

WESTMINSTER TRAVEL LIMITED

Announcement is submitted by * Henry Chu Tak Shun

Designation * Finance Director

Date & Time of Broadcast 26-Jan-2012 20:08:51

Announcement No. 00159

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Announcement Title * MANDATORY UNCONDITIONAL CASH OFFER FOR WESTMINSTER TRAVEL LIMITED

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26 January 2012

WESTMINSTER TRAVEL LIMITED (Company Registration No. 200814792H) (Incorporated in Singapore) MANDATORY UNCONDITIONAL CASH OFFER FOR WESTMINSTER TRAVEL LIMITED

The board of directors (the "Board") of Westminster Travel Limited (the "Company") wishes to inform shareholders of the Company (the "Shareholders") that DMG & Partners Securities Pte Ltd, for and on behalf of e2-Capital Inc. ("Offeror"), had on 25 January 2012 issued an announcement that the Offeror will make a mandatory unconditional cash offer ("Offer") for all the issued and paid-up ordinary shares of the Company ("Shares") other than those already owned, controlled or agreed to be acquired by the Offeror and persons acting in concert with it (the "Announcement").
Further to the Announcement, the Board will be appointing an independent financial adviser ("IFA") to advise the directors of the Company who are considered independent for the purposes of the Offer ("Independent Directors") and such appointment will be announced in due course.
A circular containing the advice of the IFA and the recommendation of the Independent Directors will be despatched by the Company to Shareholders within 14 days from the date of despatch of the offer document to be issued by the Offeror.

In the meantime, Shareholders are advised to exercise caution when dealing in their Shares or otherwise refrain from taking any action in relation to their Shares, which may be prejudicial to their interests, until they or their professional advisers have considered the information and the recommendations of the Independent Directors as well as the advice of the IFA set out in the circular to be issued by the Company in due course. Shareholders who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor or other professional advisers.

The directors of the Company (including those who have delegated detailed supervision of this announcement) have taken all reasonable care to ensure that the facts stated in this announcement are fair and accurate and that no material facts have been omitted from this announcement, and they jointly and severally accept responsibility accordingly. Where any information has been extracted from published or otherwise publicly available sources (including, without limitation, in relation to the Offeror), the sole responsibility of the directors of the Company has been to ensure that such information has been accurately and correctly extracted from such sources and/or reproduced in this announcement in its proper form and context.
BY ORDER OF THE BOARD Henry Chu Tak Shun
Finance Director
26 January 2012
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "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 Mr Mark Liew, Managing Director, Corporate Finance, at 20
Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone [phone].