8I HOLDINGS LTD — M&A Activity 2016

May 5, 2016

ASX ANNOUNCEMENT / MEDIA RELEASE

For Immediate Release

8I Holdings Ltd (ASX: 8IH) Acquisition of CT Hardware Sdn Bhd

06 May 2016, Singapore

8I Holdings Ltd (ASX: 8IH) (“8IH” or the “Company”) advises that its Private Equity division has entered into a Subscription and Shareholders’ agreement (“SSA”) with CT Hardware Sdn Bhd (“CT Hardware”) via its wholly owned subsidiary, 8IH Global Ltd (“8IH Global”).

CT Hardware is a Malaysian based business engaged in the wholesale and retail sale of power tools, equipment and machinery since 1977, with a revenue in excess of RM17,500,000 and a Net Profit After Tax (“NPAT”) of RM650,000 for FY2015. CT Hardware operates 5 retail stores in Malaysia. It is an official dealer for Bosch and carries other international brands including Kärcher, Grundfos, Skil, Pferd, Toptul, Stanley, Tsurumi, Fasco, Stihl, Robin and Ingersoll-rand.

Single outlet

==> picture [218 x 204] intentionally omitted <==

----- Start of picture text ----- CT Hardware’s First Retail Outlet in 1977----- End of picture text -----

==> picture [218 x 186] intentionally omitted <==

==> picture [169 x 155] intentionally omitted <==

Since 1977

Under the agreement, 8IH Global will invest RM3,800,000 (equivalent to S$1,287,440*) fresh capital in cash into CT Hardware in consideration for 499,900 new ordinary shares which constitutes 49.99% of the enlarged share capital of CT Hardware. Subsequent to the capital injection, the Net Tangible Asset (“NTA”) of CT Hardware will increase to RM6,900,000. The capital will be used to set up its distribution centre for an improved storage system to house an increased product range, as well as an Enterprise Resource Planning (ERP) system integrated with its B2B and B2C e- commerce business to smoothen the flow of stock distribution.

Executive Director of 8IH, Mr Clive Tan commented, “We are very pleased to acquire 49.99% of CT Hardware and to support the management in their growth plans going forward.” The acquisition of CT Hardware is in line with 8IH’s Value Investment strategy of investing in undervalued private businesses with growth potential. The Company expects CT Hardware to recognize strong earnings for FY2016 to FY2018.

==> picture [112 x 8] intentionally omitted <==

----- Start of picture text ----- e-Commerce Since 2012----- End of picture text -----

e-Commerce

==> picture [119 x 22] intentionally omitted <==

----- Start of picture text ----- Current & Future----- End of picture text -----

Page 2 of 3

Profit Guarantee and Claw Back

The Existing Shareholders of CT hardware have guaranteed a minimum aggregate Net Profit After Tax (“NPAT”) for the financial years of 2016, 2017 and 2018. In the event that the aggregate NPAT for the three financial years fall below RM4,050,000, the Existing Shareholders shall pay 8IH, in cash, an amount equivalent to the difference between the Profit Guarantee and the aggregate NPAT, multiplied by 8IH’s shareholding percentage in CT Hardware.

*Based on Monetary Authority of Singapore Daily Exchange Rates for 5 May 2016

ENDS

For further information, please visit www.8iholdings.com

Media Enquiries:

Louis Chua Goh Yi Lin Company Secretary (Australia) Investor Relations 8I Holdings Ltd 8I Holdings Ltd +65 6225 8480 ext. 114 +65 6225 8480 ext. 113 louis@8iholdings.com info@8iholdings.com

About 8I Holdings Limited

8I Holdings is the holding company of the 8I Group that is based in Singapore and operates an investment business in listed securities, private equity, real property developments, and a financial education and training seminar business. Our experiences as a financial education company focusing on investment techniques with “Value Investing” through our flagship “Millionaire Investor Program” has facilitated significant growth and established 8I Group as one of the leading financial education seminar operators with an investment business in Singapore.