InnoTek Limited

1 Finlayson Green, #15-02, Singapore 049246. Tel: (65) 6535 0689 Fax: (65) 6533 2680 Reg. No. 199508431Z

SGX-Listed InnoTek Announces Q1 12 Revenue Of S$72.7 Million; Expects Q2 12 Performance To Improve Sequentially With Recovery From Supply Chain Disruption In Thailand
MSF (S$ Million) Continuing Operations Turnover Net Profit MSF Net Profit (Loss) Corporate Loss Exerion Precision (S$ Million) Discontinued Operation Turnover Net Profit S$ Million Total Group Turnover Total Group Net Profit (Loss) Total Group Basic EPS (cents) Q1 12 70.4 (4.1) (0.4) Q1 12 2.3 0.1 Q1 12 72.7 (4.4) (1.97) Q1 11 83.0 0.8 (0.7) Q1 11 8.3 0.3 Q1 11 91.3 0.4 0.15 Change 12.6 (4.9) 0.3 Change (6.0) (0.2) Change (18.6) (4.8) (2.12) Change % (15.2) NM 36.4 Change % (71.7) (80.1) Change % (20.4) NM NM

SINGAPORE, 11 May 2012 InnoTek Limited ( InnoTek or the Group ) announced today that its continuing operations revenue for the quarter ended 31 March 2012 ( Q1 12 ) declined 15.2% to S$70.4 million year-on-year, but expects recovery of its stamping operations from the disruptions caused by flooding in Thailand to lift performance sequentially in Q2 12. SGX Mainboard-listed InnoTek s Q1 12 revenue included S$2.3 million from one month contribution of the discontinued operation of Netherlands-based Exerion Precision Technology Holding B.V. ( Exerion ) which was disposed of on 20 February 2012. Exerion was a subsidiary of InnoTek s wholly owned Mansfield Manufacturing Company Limited ( MSF ). The continuing operations from MSF were impacted as Assembly and Tooling revenue fell to S$12.9 million from S$26.7 million, partially offset by the increase from Stamping revenue to S$57.5 million from S$56.3 million, respectively. This was mainly due to the supply disruption caused by Thailand flooding in October 2011 and the long Chinese New Year holiday in China at the start of 2012.

SGX-Listed InnoTek Announces Q1 12 Revenue of S$72.7 Million; Expects Q2 12 Performance To Improve Sequentially With Recovery From Supply Chain Disruption In Thailand 11 May 2012 Page 2 of 3 _____________________________________________________________________________

Media Release

MSF reported S$4.1 million net loss in Q1 12, down from a profit of S$0.8 million in Q1 12, due mainly to revenue reduction and change in sales mix towards lower-margin Office Automation ( OA ) products. Gross profit margin declined to 12.1% from 15.8%, as OA products continued to record higher revenue than higher-margin TV components. To mitigate pricing pressure, MSF Group did a retrenchment exercise to reduce indirect labour resulting in retrenchment charges totalling S$1.3 million. In addition, loss from start-up costs relating to the new mobile business and the new Wuhan plant amounting to S$1.1 million also impacted the bottom-line. Without these one-off expenses, MSF would have recorded a lower net loss of S$1.7 million. The Company reported a reduced loss of S$0.4 million Q1 12 compared to S$0.7 million in Q1 11 mainly due to the S$0.3 million dividend income from Sabana Reits received in Q1 12 (no dividend was received in Q1 11). Q1 12 loss per share was 1.97 cents compared to a profit per share of 0.15 cent in Q1 11. Net asset backing per share as at 31 March 2012 stood at 81.5 cents compared to 84.6 cents in 31 December 2011 following the disposal of Exerion, the one-off severance payments and acquisition of treasury shares amounting to S$0.6 million. The financial position of the Group s continuing operations remains healthy, with net cash of S$23.3 million or 10.4 cents per share, comprising cash and cash equivalents of S$47.0 million less total borrowings of S$23.7 million, as at 31 March 2012. To enhance shareholder value, InnoTek purchased a further 1.3 million treasury shares in Q1 12, bringing the treasury shares held to 22.7 million. Group Managing Director of InnoTek, Mr. Yong Kok Hoon, said, The supply chain disruption caused by the October 2011 flooding in Thailand impacted the quarter under review which coincided with the long Chinese New Year holiday in China. It was further aggravated by the ongoing European debt crisis and slow growth in the US. The Directors expect Q2 12 revenue will improve over Q1 12 with the recovery from supply chain disruption caused by the flooding in Thailand and absence of major holidays in Q2 12. We are clearly recovering from the supply chain disruptions. The recent disposal of non-core operations, restructuring (which resulted in one-off-expenses this quarter) and the investments in our new mobile business as well as a new plant in Wuhan should collectively contribute to the performance of the Group for the whole of FY 12 and beyond, Mr Yong said. 2

SGX-Listed InnoTek Announces Q1 12 Revenue of S$72.7 Million; Expects Q2 12 Performance To Improve Sequentially With Recovery From Supply Chain Disruption In Thailand 11 May 2012 Page 3 of 3 _____________________________________________________________________________

Media Release

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About InnoTek Limited Singapore Exchange Mainboard-listed InnoTek Limited (together with its subsidiaries the Group ) is a precision metal components manufacturer, serving the consumer electronics, office automation and automotive industries. With over 10 manufacturing facilities across China and Europe, the Group s wholly owned subsidiary, Mansfield Manufacturing Company Limited ( MSF ), provides precision metal stamping, commercial tool and die fabrications, sub-assembly work and frame manufacturing services to a strong and diversified base of Japanese and European end-customers. For more information, visit: www.innotek.com.sg InnoTek Limited contact: InnoTek Ltd 1 Finlayson Green, #15-02, Singapore 049246 Tel: (65) 6535 0689, Fax: (65) 6533 2680 Linda Sim, lindasim@innotek.com.sg Yong Kok Hoon, khyong@innotek.com.sg Investor relations contact: WeR1 Consultants Pte Ltd 38A Circular Road, Singapore 049394 Tel: (65) 6737 4844, Fax: (65) 6737 4944 Josephine Auxilio, josephine@wer1.net Lai Kwok Kin, laikkin@wer1.net