FOOD JUNCTION TO OPEN FOOD COURT IN NEX, THE UPCOMING RETAIL PROJECT AT SERANGOON CENTRAL

SINGAPORE, 14 Apr 2009 - Mainboard-listed Food Junction Holdings Limited ("Food Junction" or "the Group"), which manages and operates 17 food courts in Singapore, Malaysia, Indonesia and China, announced today that it has accepted the offer from Gold Ridge Pte Ltd, for the operation of an approximately 17,000 square-feet food court in nex (new exciting xperiences - the name of the upcoming retail project at the heart of Serangoon Central).

The six-storey shopping mall is targeted to open in 2010. The mall, which sits above the existing Serangoon station of the North-East line and the upcoming Circle line, will be integrated at basement 2 with a 16-bay bus interchange. Positioned as a mid-market, family-oriented regional mall offering a vibrant and extensive selection of shopping, dining and leisure options, the mall will serve the highly-populated primary residential catchment of Serangoon, secondary residential estates of Bishan, Ang Mo Kio, Hougang and Sengkang, as well as the industrial estates of Paya Lebar and Toa Payoh.

Sharing level four of the shopping mall with a 10-screen cineplex, a family-themed karaoke centre and a video games arcade, amongst others, the Food Junction food court is set to enjoy strong traffic flow whilst at the same time drawing a strong following for the mall.

Said Mr Andrew Fu, Food Junction's Managing Director, "We are excited about the opportunity to infuse Food Junction's unique dining experiences into such a strategic location in Serangoon Central. As the food court's design concept and tenant mix are being developed, we are focused on one commitment - to deliver good value to customers and set a new benchmark of excellence for our Group. At the same time, we are confident that nex will live up to its expectations as the new hub for Serangoon Central, and the place-to-go for everyone living and working in the vicinity."

Commenting on the Group's expansion plan despite the economic downturn, Mr Fu said, "Whilst we are operating in a very challenging business landscape, we are still optimistic about the long-term potential of the food and beverage retail industry in Singapore. After all, people need to eat, and the downturn may actually draw more people to food courts and restaurants that focus on value - this is why we are strongly committed to expanding our footprint in Singapore and the region."

Apart from its 17 food courts in Singapore and the region, Food Junction also operates 56 food and beverage stalls in these food courts. As part of its strategy to enhance consumers' dining experiences, the Group has upgraded some of its existing food courts into lifestyle food courts with wider menu choices. The Group recently re-opened its food court at Singapore's Raffles City Shopping Centre, rebranded as "The Food Place" which is unique only to Raffles City. Other earlier initiatives include the enhancement of its Great World City food court into a child-friendly venue, complete with kids' menus; as well as a complete makeover of its Junction 8 and Lot One Shoppers' Mall food courts.

Elsewhere, the Group opened its third food court in Kuala Lumpur's Mid Valley City under the "Food Garden" brand in December 2008. Its second food court in Jakarta - at Pluit Village (formerly known as Megamal Pluit) - is scheduled to open in the second quarter of 2009.

Apart from food courts, Food Junction also owns restaurants such as Malone's American Cafés in Shanghai, which they acquired in October 2008; and TETSU, a Japanese restaurant located at Singapore's Tanglin Mall, which opened in January 2008. It also owns and operates the premium gift boutique, kokoro, at Singapore's Great World City.

About Food Junction Holdings Limited

With an established track record of 15 years, Food Junction manages and operates a total of 17 food courts - 12 in Singapore, three in Malaysia, one in Jakarta and one in China. It also self operates 56 F&B stalls, out of the 243 stalls in the Group's food court business.

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

As part of its efforts to refresh the dining experience of its customers, Food Junction upgrades its food courts and introduces new F&B concepts. The Group has since moved into restaurant operations with the opening of its first Japanese restaurant in January 2008, TETSU, and recently-acquired Malone's American Café, a Shanghai-based restaurant chain. The Group also operates a premium gift boutique, kokoro. For more information, please visit www.foodjunction.com.sg.

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