FOOD JUNCTION CLINCHES "MOST TRANSPARENT COMPANY" AWARD FROM SECURITIES INVESTORS ASSOCIATION (SINGAPORE)

Singapore, 10 October 2008 - Singapore Exchange Catalist-listed Food Junction Holdings Limited and its subsidiaries ("Food Junction"), a specialised food and beverage service management group, is pleased to announce that it had received the "Most Transparent Company Award - Catalist" award from the Securities Investors Association (Singapore) ("SIAS") at the 9th SIAS Investors' Choice Awards 2008 ceremony held on 9 October 2008.

Endorsed and supported by prestigious members of the investment community - such as the Singapore Exchange Limited ("SGX"), Singapore Institute of Directors, Chartered Financial Analysts Singapore, Institute of Certified Public Accountants of Singapore, Standard & Poor's, PricewaterhouseCoopers, Securities Association of Singapore, Investment Management Association of Singapore, Corporate Governance and Financial Reporting Centre at the National University of Singapore Business School and The Business Times - the award recognises companies who have enhanced shareholders' value through good corporate governance.

Established in 1993 and listed on the former SGX Sesdaq (now known as Catalist) since November 2001, Food Junction's core business comprises the operation and management of food courts throughout Singapore, Malaysia, Indonesia and China, as well as the sale of food and beverages. To-date, Food Junction operates a total of 16 food courts, and also self-operates 59 out of the 227 F&B stalls located within these food courts. Recently, Food Junction made news with its forays into the restaurant business, including the opening of a high-end Japanese restaurant in Singapore, "TETSU", as well as the acquisition of "Malone's", an American-style restaurant chain in the PRC.

Commenting on the award, Food Junction's Managing Director and Chief Executive Officer, Mr. Fu Che-Yen, said, "Food Junction is indeed honoured to have been conferred this prestigious award by SIAS, a well-respected body in the investment community, recognising us as a representative of good corporate governance. We would like to extend our deepest appreciation to our dear shareholders for their invaluable support in these uncertain times. Going forward, the management of Food Junction will strive to keep corporate governance and transparency a key priority, by ensuring the timely and accurate dissemination of corporate information to our esteemed shareholders."

About Food Junction Holdings Limited

Food Junction has been an established brand in the food and beverage service management industry for more than 14 years. To-date, the Group manages and operates a total of 16 food courts: 12 in Singapore, two in Malaysia, one in Indonesia and one in China. It also self-operates 59 F&B stalls, out of the 227 stalls in the Group's food court business.

As a food court management specialist, Food Junction manages the operational aspects of its food courts and food stalls, ranging from cash collection services to dish collection, dish washing, cleaning and general maintenance. To enable tenants to stay focused on food quality and service, an operations team is stationed at each food court to ensure smooth day-to-day running of the food courts as well as the food stalls. The Group handles the marketing and tenant mix as well as the advertising and promotion of the food courts to create greater awareness.

Food Junction has expanded into lifestyle concepts with the upgrading of existing food courts and introduction of new F&B concepts including the opening of a premium gift boutique, KOKORO, in Singapore. The Group has also moved into restaurant operations with the opening of Japanese restaurant TETSU in January 2008.

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