Proposed pre-conditional voluntary general offer by Capsol Investment III Pte. Ltd. and Tower Capital for all the issued and paid-up ordinary shares in the capital of Boardroom Limited

Acting for Capsol Investment III Pte. Ltd., an indirect wholly-owned subsidiary of Temasek Holdings (Private) Limited and a member of the consortium of investors in Apricus Global Pte Ltd (“Apricus”), in Apricus’ pre-conditional S$312 million voluntary conditional general offer for all the issued and paid-up ordinary shares in the capital of Boardroom Limited. Partners Sandy Foo and Goh Jun Yi are leading the transaction while Partners Lee Xin Mei and Cheryl Tan are advising on debt aspects of the transaction.