DGAP-News: Vasseti (UK) PLC / Key word(s): Sustainability/Strategic
Company Decision

11.01.2013 / 10:16



By Vasseti IR
Dated 02 Jan 2013

More than 150million 1VS:GR shares come to end of trading moratorium.

KUALA LUMPUR - JAN 11, 2013 - Vasseti (UK) Plc (Frankfurt: 1VS) shares have
come under heavy selling pressure recently due to the fact that on the 1st
Jan 2013, more than 150mil shares reached the maturity of the moratorium
(trading restriction) imposed on initial promoters of the company, which
made its debut in the Entry Standard in the Frankfurt Stock Exchange in Oct

For most of the period since its listing, Vasseti traded thinly due to a
limited number of shares being in the market and the share price remained
stable within the range of Euro 1.30 to Euro 1.50. Also, most of the
investors who bought Vasseti shares are invested for the longer term as
they are aware Vasseti has the very ambitious plan of becoming the sole
regional terrestrial fibre optic network operator linking three of the
world's most populous nations i.e. China, India and Indonesia via the
Vasseti South Asian Network ( VSAN ).

Mr Pushpan Murugiah, a Director of Vasseti, states 'while it is unfortunate
to see some of our initial promoters disposing of their shares immediately
upon the lifting of the trading moratorium, it is understandable that many
want to realise all or part of their investment. However, the trading
volume is still reasonably low resulting in severe volatility when larger
sell orders are received. This still low volume however does indicate that
the majority of Vasseti's shareholders are staying invested for the long
term and it is anticipated that the price will move up to its pre 2013
range in the near future. '

Further, Mr. Murugiah went on to say 'fundamentally the Company is
progressing well, achieving it's various mile stones and in addition to
having started the Malaysian section of the VSAN and the coastal network we
have also begun work on the Thai Network. It is anticipated we will have
our link up to Kunming completed by the end of 2013 and indeed we hope to
have the complete network up to the doorsteps of India by end of 2015. ' He
went on to say. ' the Company is financially sound and will be declaring
its financials in due course as at year end 31st December.'

' We have invested heavily into building the Vasseti Group and we continue
to remain committed to realising all our undertakings to make Vasseti a
truly successful company. We are in a unique place in the business and
there is no other provider with such an initiative to build a regional
terrestrial network. The regional bandwidth demand has been increasing
steadily and this shows that the VSAN initiative will be well received in
the region when completed ', said Mr. Ranjeet S. Sidhu, President of
Vasseti (UK) Plc.

Meanwhile, according to a representative from China Finance Limited, a
major initial promoter/investor of Vasseti, 'We invested many millions into
Vasseti because we believe in its vision. VSAN will unite more people in
this region than anyone would ever imagine. The cost of internet for many
people in these underserved territories in South Asia is still beyond
affordable limits. All this will change when Vasseti implements VSAN. We
feel happy to invest in a company whose business will truly touch people
and their lives in meaningful ways. We hope Vasseti will join the ranks of
Apple, Facebook and Microsoft in creating impact in peoples' lives and as
investors, we also hope to realise our value of investment when the company

CONTACT  Investor Relations Team
CATEGORY Telecommunication and Information Technology
EMAIL   ir@vasseti.co.uk
WEB   www.vasseti.co.uk

About Vasseti

Vasseti (UK) Plc ('Vasseti') is a large, diversified conglomerate based in
Kuala Lumpur. It is listed on the Frankfurt Stock Exchange ('FSE') trading
under the Symbol 1VS:GR and is fully reporting on the FSE Entry Standard.
It is an investment holding company with business interests in the field of
network telecommunications, information technology and real estate. Vasseti
consists of companies and businesses that were established from as long as
fifteen years ago to several new, high growth business ventures it
initiated recently. The Company has already built a successful base in
Malaysia and now plans to channel its resources to replicate its business
model in the neighbouring countries especially within the South Asia region
linking Indonesia, China and India, and possibly expanding towards the
Middle East and North Africa thereafter. The Company intends to connect all
the population within the catchment or business footprint to a single
virtual world that is interlaced with brick and mortar business of real
estate development and construction works. It is envisaged that the product
and services offered by the Company may be reachable by almost 50% of the
world population by the year 2020. Its strategy is to penetrate each market
through mergers and acquisitions (M&A) and eventually becoming the market
leader in those emerging markets. This forms part of Vasseti's global
expansion plan and having its presence in the most productive and
profitable manner

End of Corporate News


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