Media Release – Share Placement 
(For immediate release) 

XPRESS RAISES S$12.1 MILLION IN NET PROCEEDS VIA

PLACEMENT; FACILITATES REPAYMENT OF
CONVERTIBLE BOND TO CREDIT SUISSE
ƒ Placement of 160 million new shares at 8.01 cents per share underscores
investor confidence and enhances the Group’s financial strength

ƒ Placement will enlarge share capital base to 1.545 billion shares

SINGAPORE, 16 June 2009 – Singapore Exchange (“SGX”) Mainboard-listed Xpress

Holdings Ltd (“Xpress” or the “Group”), a leading provider of fast-turnaround print solutions,
announced today that it has raised about S$12.1 million in net proceeds via a placement of
160 million new ordinary shares (“placement”).

Commenting on the placement, which is subject to approval from SGX, Xpress’ Chief
Executive Officer, Mr Poh Eng Seng, said, “We are heartened by the strong support for this
placement, which demonstrates the continued market confidence in the long-term prospects
of Xpress. The placement, upon completion, will enhance our financial strength and enable
us to tap new opportunities as the demand for print services recovers.”

The new shares were placed at 8.01 cents per share, representing a discount of less than
10% to the weighted average price for trades done on the full market day on 12 June 2009
and the half market day on 15 June 2009, prior to the signing of the Placement Agreement
and the Subscription Agreements. The number of new ordinary shares issued represents
approximately 10.4% of the enlarged share capital of the Group.

The cash inflow from this placement will allow Xpress to completely repay its convertible
bond to Credit Suisse (Singapore) Limited (“Credit Suisse”) and well ahead of the schedule
agreed with Credit Suisse of 15 December 2009 (outlined in the Group’s announcement
dated 4 June 2009). The remaining monies will be used for general working capital.

By utilising proceeds to fully redeem the convertible bond, Xpress’ interest expenses will be
reduced by up to S$250,000, assuming that the redemption is completed by 31 July 2009.
The Group’s interest-bearing borrowings will be reduced by 71% from S$17.7 million as at 30
  

April 2009 to approximately S$5.2 million (comprising long-term loans). The Group’s net
gearing will be halved from 12.2% before the placement to approximately 6.6%.

Xpress wishes to extend its gratitude to all professional parties who have respectively played
pivotal roles in this successful placement.

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Media Contact Info

WeR1 Consultants Pte Ltd

29 Scotts Road Adeline Chee
Singapore 228224 Xpress Holdings Ltd
Tel : 65.67374844 Tel : 65.68802828
Fax : 65.67374944 DID : 65.68802899
Email : adeline@xpress.sg
Yim Jeng Yuh
Email : yimjy@wer1.net

Gary Goh
Email : garygoh@wer1.net

About Xpress Holdings Ltd

Established in 1986, Xpress was listed on SGX Mainboard on 28 June 1999. The Group serves a wide
global base of local and MNC financial and corporate organisations, and provides a complete
spectrum of integrated print solutions from pre-press processes to production systems as well as
global distribution and delivery.

Its core products and services include the design, production and printing of time-sensitive, fast
turnaround publications like annual reports, IPO prospectuses, shareholder circulars, fund
management reports, brochures and newsletters.

Headquartered in Singapore, Xpress has a network of 34 Print Stations spread across 19 major cities
in the Asia Pacific region.