Neratel

[GPD]

CONTRACTS OF APPROXIMATELY SGD31.1 MILLION IN AGGREGATE RECEIVED BY NERA TELECOMMUNICATIONS LTD AND ITS WHOLLY-OWNED SUBSIDIARIES

The Board of Directors of Nera Telecommunications Ltd (“the Company”) is pleased to announce that the Company and its wholly-owned subsidiaries have received contracts of approximately SGD31.1 million (the “Contracts”) in aggregate.

The Contracts are in relation to the following:

1) Network Infrastructure
SGD23.2 million from telecom and cellular operators in South East Asia for the supply, delivery, installation and maintenance of IP network equipment and software; and

2) Wireless Infrastructure Networks
SGD7.9 million for the supply, delivery, installation, commissioning and maintenance of microwave radio equipment in South East Asia, Middle East and North Africa;

The Contracts are not expected to have a significant impact on the performance of the Company and its subsidiaries for the current financial year.


At current price of 0.785, Neratel is trading at 16x FY13 earnings when negative goodwill of 7.05m is taken out.

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