Change - Change in Corporate Information::Additional investment in wholly-owned subsidiary, F J Benjamin (Singapore) Pte Ltd

F J Benjamin Holdings Ltd

(Company Registration No. 197301125N)

(Incorporated in the Republic of Singapore)

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ADDITIONAL INVESTMENT IN WHOLLY-OWNED SUBSIDIARY, F J BENJAMIN (SINGAPORE)

PTE LTD

The board of directors ("Board") of F J Benjamin Holdings Ltd (the "Company") wishes to announce that F.J.B. Investment Pte Ltd ("FJBI"), a wholly-owned subsidiary of the Company, has increased its shareholding in F J Benjamin (Singapore) Pte Ltd ("FJBS"), its wholly-owned subsidiary, from S$89,971,579 to S$93,971,579 by way of subscription of 4,000,000 new ordinary shares at an issue price of S$1.00 per new share ("Additional Investment"). As at 30 June 2020, FJBS has total equity of S$10,057,841. The total consideration of S$4,000,000 was satisfied by the capitalisation of amounts owing by FJBS to FJBI.

The Additional Investment is not expected to have any material impact on the earnings per share and net tangible assets per share of the Company and the Group for the current financial year ending 30 June 2021.

None of the directors or substantial shareholders of the Company and their respective associates has any interest, direct or indirect, in the Additional Investment (other than through their respective shareholding interests in the Company, if any).

BY ORDER OF THE BOARD

Karen Chong Mee Keng

Company Secretary

21 June 2021

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This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor (the "Sponsor"), ZICO Capital Pte. Ltd., in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road #09-00 ASO Building, Singapore 048544, telephone [phone].