CARRIERNET GLOBAL LTD Company Registration No. 198404341D (Incorporated in the Republic of Singapore)LISTING AND QUOTATION NOTICE FROM SGX-ST IN RELATION TO THE PROPOSED SUBSCRIPTION OF 775,000,000 NEW ORDINARY SHARES IN THE SHARE CAPITAL OF CARRIERNET GLOBAL LTD AT THE ISSUE PRICE OF S$0.007 FOR EACH NEW SHARE(THE “SUBSCRIPTION”)

The Board of Directors (the “Board”) of Carriernet Global Ltd (the “Company”) refers to its announcements on 26 May 2011 (the “26 May Announcement”) and 23 June 2011 in relation to the Subscription. Terms defined in the 26 May Announcement shall have the same meanings when used in this announcement, unless otherwise defined.

The Board is pleased to announce that the Singapore Exchange Securities Trading Limited (the “SGX-ST”) has, by way of a listing and quotation notice dated 29 June 2011 (the “Notice”), advised that the Company may proceed with the listing of and quotation for the New Shares on the Catalist board of the SGX-ST, subject to the following:

(a) compliance with the SGX-ST’s listing requirements;

(b) shareholder’s approval for the Subscription at the Extraordinary General Meeting to be convened; and

(c) the Whitewash Resolution in connection with the Subscription, in accordance with the conditions stated in the confirmation from the Securities Industries Council dated 17 June

2011 waiving the obligation for the Subscribers to make a general offer for the Company under Rule 14 of the Takeover Code.

The Notice granted by the SGX-ST is not an indication of the merits of the Subscription, the New

Shares, the Company, its subsidiaries and their securities.

By order of the BoardChan Sing EnCEO30 June 2011

This announcement has been prepared by the Company and its contents have been reviewed by the Company’s Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the SGX-ST. The Company’s 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 Yap Wai Ming: Tel: 6389 3000

Email: waiming.yap@stamfordlaw.com.sg