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Home > Investor Relations > Announcements

                                                            5 September 2012


(“CSF” or the “Company”)

Receipt of Substantial Cash Payment

CSF, the leading provider of data centre facilities and services in South East Asia and the largest provider of data centre services in Malaysia, announces the following business update.

The Board is pleased to announce that the Group has, on 4 September received payments from Integrated DC Builders Sdn Bhd (“IDCB”), the developer of the CX5 data centre, amounting to RM85.0m (£17.2m*) in total.

The payments are comprised of three elements:

• the repayment of advances (by way of the redemption of preference shares in IDCB) of RM30.0m (£6.1m*)
• the payment of the turnkey fee (in the form of a special dividend and project management fee) of RM25.0m (£5.0m*)
• the payment of trade receivables of RM30.0m (£6.1m*)

With the receipt of the above payments, the unrestricted cash balance of the Group now stands at RM92.2m (£18.6m*) whilst the total cash balance of the Group totals RM102.0m (£20.6m*), as at 4 September 2012.

Adrian Yong, Chief Executive of CSF Group Commented:

“We are delighted to have received this substantial payment for our work on CX5, which is one of the most technically advanced data centres in the region. Our teams continue to market CX5 internationally and we continue to see high levels of demand across our core markets.

* The translation of the financial figures into pro forma amounts in pounds Sterling is indicative and is included solely for convenience. Figures have been translated from Malaysian Ringgits into pounds Sterling at the rate prevailing on 4 September 2012 of RM4.945 : £1.00.  This translation should not be construed as meaning that the Malaysian Ringgit amounts actually represent, or have been or could be converted into the stated number of pounds Sterling.

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For further information:

CSF Group                                                                    +603 8318 1313
Adrian Yong, Chief Executive

Buchanan (Financial PR)                                              +44 (0) 20 7466 5000
Jeremy Garcia / Gabriella Clinkard

Cenkos Securities (Nominated Adviser and Broker)    +44 (0) 20 7397 8900
Ian Soanes or Bobbie Hilliam