Toronto - SAIS Limited ('SAIS' or the 'Company') (TSXV: SAIS) announces that, following its successful private placement and Asian market strategy focus, Arnaud Elnecave, Chief Operating Officer, has stepped down from his role to pursuit a new career direction in North America.

'We are sad to see Arnaud leaving. He has greatly contributed to our recent development and gave a strong impact to grow our client base and operation', says Quentin Chiarugi, Chief Executive Officer. The departure of Arnaud is not related to any issues involving compliance of the Company.

About SAIS Limited Singapore-based

SAIS Limited (TSXv: SAIS) is a global provider of advanced technology solutions, business intelligence and supporting services. We connect businesses with their customers through end-to-end intelligent solutions. A leader in the development of mobile commerce platforms, we are focused to create technology aimed at providing unique digital experiences to foster ground-breaking client-customer relationships.

Cautionary Notes

Certain statements contained in this press release constitute 'forward-looking statements'. All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the completion, timing and quantum of proceeds of the Rights Offering, the go-private transaction, the Company's future financial position and results of operations, strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words 'believe', 'expect', 'aim', 'intend', 'plan', 'continue', 'will', 'may', 'would', 'anticipate', 'estimate', 'forecast', 'predict', 'project', 'seek', 'should' or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.

Additional factors that could cause actual results, performance or achievements to differ materially are set out under the heading 'Risks and Uncertainties' in the Company's final long form prospectus dated July 26, 2018, a copy of which is available on the Company's SEDAR profile at www.sedar.com. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained or referenced herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.

Contact:

Catherine Human

Tel: (+65) 6877 6929

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