(Incorporated in the Republic of Singapore on 19 September 2011) (Company Registration Number 201128650E)

News Release

31 January 2013 FOR IMMEDIATE RELEASE

Global Premium Hotels FY 2012 revenue grew 13.2% yoy to $60.2 million
Group achieved record Revenue per Available Room of $95.10 for FY 2012, up 9.6% yoy from $86.80 for FY 2011 EBITA of $36.1 million*, an increase of 6% YOY NAV per share of $0.39 as at 31 December 2012 Board proposed final dividend of 1.01 cents per share bringing the total dividend to 1.41 cents per share, which is 80% of the PAT for FY 2012 Parc Soverign Hotel at Tyrwhitt Road is targeted to open by 1H 2014, bringing an addition of 270 rooms to our Groups portfolio
Singapore, 31 January 2013 Global Premium Hotels Limited (GPHL or the Group), the owner and operator of the second largest economy-tier hotel chain in Singapore, reported net profit attributable to equity holders of $18.5 million for the 12 months ended 31 December 2012 (FY 2012). $ 000 Revenue Gross Profit Gross Profit margin (%) EBITDA EBITDA margin (%) Net Profit Revenue per Available Room (RevPAR) ($) Average Occupancy Rate (AOR) (%)
* excludes one-off expenses of $2.11 million for FY 2012 p.p denotes percentage points

4Q 2012 15,173 13,061 86.1%

4Q 2011 14,210 12,436 87.5%

Change 6.8% 5.0% (1.4)p.p

FY 2012 60,151 52,174 86.7%

FY 2011 53,139 46,794 88.1%

Change 13.2% 11.5% (1.4)p.p

8,735 57.6%

8,755 61.6%

(0.2)% (4.0)p.p

36,105* 60.0%*

34,065 64.1%

6.0% (4.1)p.p

4,334 97.5

5,306 87.5

(18.3)% 11.4%

18,453 95.1

22,624 86.8

(18.4)% 9.6%

91.4%

82.4%

9.0p.p

90.8%

81.8%

9.0 p.p

(Incorporated in the Republic of Singapore on 19 September 2011) (Company Registration Number 201128650E)

Revenue grew 13.2% year-on-year (yoy) to reach $60.2 million for FY 2012. The increase was mainly attributable to the full year operations of the three hotels launched in 2011 Parc Sovereign, Fragrance Hotel-Elegance and Fragrance Hotel-Riverside, which boosted the number of rooms by 302 to 1,738 rooms. This increase negated the loss in revenue resulting from the temporary 3.5 month closure of Fragrance Hotel-Ruby for Asset Enhancement Initiatives (AEI) undertaken in 2H 2012. RevPAR for GPHL touched new highs, reaching $95.10 for FY 2012, up 9.6% yoy. Improvements in AOR was the main driver for the growth in RevPAR, attesting to GPHLs success in building a wellrecognised brand name within the local and regional hospitality industry, and efforts to increase efficiency and turnaround of the hotel rooms.

As a result of continued room expansion, GPHL saw higher administrative expenses related to labour and property taxes. In addition, continued listing expenses and the rental of its head office also contributed to the rise. Consequently, GPHLs earnings before interest, tax and depreciation (EBITDA), improved 6.0% yoy to $36.1 million for FY 2012. Finance cost increased 141.1% yoy to $7.0 million for FY 2012 due to the restructuring exercise undertaken for the Initial Public Offering on 26 April 2012. Property, plant and equipment increased by $167.8 million to $917.4 million as at 31 December 2012 from $749.6 million as at 31 December 2011 mainly due to the revaluation surplus of $107.8 million and the acquisition a freehold tenure property located at 165 and 167 Tyrwhitt Road.
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Excludes one-off expenses of $2.1 million comprising of expenses incurred from IPO, acquisition of subsidiary and professional fees

(Incorporated in the Republic of Singapore on 19 September 2011) (Company Registration Number 201128650E)

To thank shareholders for their support, the board proposed a final dividend of 1.01 cents per share, bringing the total dividend to 1.41 cents per share for FY 2012. This is in line with our Groups commitment during the IPO exercise to pay at least 80% of PAT for FY 2012. Growth Plans and Outlook Commenting on the growth plans, Mr. Lim Chee Chong, Chief Executive Officer of GPHL, elaborates, To yield favourable returns for our shareholders, we will adopt a two-pronged approach to drive the Groups performance.

Having established a track record in hotel development and operations, we will tap on our expertise to identify suitable hotels to purchase or potential sites for hotel development. At the same time, we will look to optimise asset potential through investments in Asset Enhancement Initiatives to improve our yield. Through recent acquisition in August 2012, GPHL added a freehold land slated for hotel development with a swimming pool, shops, restaurants and carparks at Tyrwhitt Road. This 270-room hotel is set to become the Groups largest hotel and is targeted to open by 1H 2014. Singapore saw a 8.5% yoy increase in tourist arrivals to 10.7 million for the first nine months, which appear to be in line with the Singapore Tourism Board's forecast of 13.5 million to 14.5 million visitor arrivals for 2012. New additions to the Singapore tourism landscape in 2012 such as Gardens by the Bay, Marine Life Park at Resorts World Sentosa and upcoming attractions including River Safari, will continue to enrich the experience of tourists. Mr Lim concluded, Although the uncertain global economy might affect Singapores hospitality market in the near term, the vibrancy of the hospitality market and the unique, resilient nature of economy-tier hotels should be able to tide us through economic-slowdowns as tourists opt for more affordable accommodations.
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Source: Ministry of Trade and Industry Singapore report titled Economic Survey of Singapore.

(Incorporated in the Republic of Singapore on 19 September 2011) (Company Registration Number 201128650E)

About Global Premium Hotels Limited Global Premium Hotels Limited (GPHL or the Group) operates one of Singapores largest chains of hotels with 23 hotels, of which 22 are operated under the Fragrance brand and one hotel under the Parc Sovereign brand. The Group provides economy-tier and mid-tier class of accommodation with 1,738 rooms in Singapore. The Group owns all the hotels save for Fragrance HotelElegance. As at 31 December 2012, the market value of all the 22 hotels which the Group owns amounted to $819.1 million. Most of the hotel property assets and hotel operations are located in the city or city-fringe areas. The established track record and reputation of providing affordable accommodation has led to the Fragrance brand of hotels becoming well-recognised in the local and regional hospitality industry. GPHL was listed on the Main Board of Singapore Exchange Securities Trading Limited (SGX-ST) on 26 April 2012.

Issued for and on behalf of Global Premium Hotels Limited By Financial PR Pte Ltd For more information please contact: Romil SINGH, romil@financialpr.com.sg Nicole CHEN, nicole@financialpr.com.sg Tel: (65) 6438 2990 Fax: (65) 6438 0064

This release may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward looking statements, which are based on current view of management on future events.