Advanced Holdings Ltd.

29 Senoko South Road

Singapore 758083

T: +65 6854 9000

F: +65 6779 5400

CONTACT INFORMATION August Consulting

Tel: +65 6733 8873 / Fax: +65 6733 9913

Silvia HENG – silvia@august.com.sg

Yiting FOO – yiting@august.com.sg

Advanced wins S$16.8 million contractsin the regionSINGAPORE – 20 September 2011 – Advanced Holdings Ltd. (“Advanced” or the “Group”), a global supplier of proprietary process equipment and technologies, clean energy solutions and environmental technologies, announced today that it has secured S$16.8 million worth of new oil & gas and petrochemical projects. The Group expects to complete these projects, which are located in China, Thailand, Saudi Arabia as well as Singapore, by 2012.

In China, the Group will be supplying process equipment and analyser systems to three refineries totaling some S$9.4 million. These end-customers include major petrochemical and chemical players in the country such as Shanghai Coking and Chemical Corporation, Hengli Petrochemical (Dalian) Co., Ltd and Sinopec.

Also as part of the S$16.8 million package, the Group will be providing equipment such as test separators, process vessels as well as analyser systems with a combined value of S$7.4 million to world-class engineering companies such as Larsen & Toubro Limited, Worley Parsons Ltd and JGC Corporation for use in Thailand, Saudi Arabia and Singapore respectively.

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Said Dr Kar Wong, Managing Director of the Group, “These are sizable contracts from world renowned refineries and engineering companies, and provide a welcome boost to our order book this year. Despite, heightened economic downside risks arising from the debt situation in the US and Europe, I am optimistic that our reputation and experience puts us in a strong position to capture opportunities in the petrochemicals and energy industries.”

These contracts are not expected to have a material impact on the Group’s earnings in the

current financial year.

About Advanced Holdings Ltd.

Founded in 1993, SGX Mainboard-listed Advanced is a specialist company with three key business areas encompassing the design and supply of Process Equipment and Technologies to the Chemicals

& Petrochemicals and Oil & Gas industries; the design and supply of Clean Energy and the provision of Environmental Technologies. Advanced is an established global company with rapidly growing presence across countries spanning Asia, Europe and USA.

Advanced Holdings Ltd. S$16.8m in new contracts Page 2 of 2

e: Sales@AdvancedHoldings.com w: www.AdvancedHoldings.com Company Registration No. 200401856N