Issue Of 1.5 Per Cent. Equity-Linked Redeemable Non-Recallable Structured Convertible Notes Due 2010 With An Aggreate Principal Amount Of Up To S$32,000,000 Comprising Three Tranches Of A Principal Amount Of S$12,000,000, S$10,000,000 And S$10,000,000 Each Respectively

BackJan 30, 2008
The Board of Directors of mDR Limited (the "Company") wishes to announce that Advance Opportunities Fund has on 29 January 2008 subscribed for the first sub-tranche of Tranche 1 Notes amounting to S$3,000,000.

None of the Directors or the substantial shareholders of the Company has any direct or indirect interest in the above transaction.

Note: (Capitalised terms not expressly defined herein shall have the same meanings as ascribed to them in the Company's Circular dated 21 December 2007)

By Order of the Board


Huang Wenjian Eugene
Legal & Corporate Affairs Manager
Company Secretary
30 January 2008