Joint Press Release by Harmony Bus Services and Urbanlinkz Pte Ltd

TRANSFER OF HARMONY BUS SERVICES STAKES TO URBANLINKZ PTE LTD
effective Saturday, June 25th, 2005

Under a Memorandum of Understanding (MOU) signed by Harmony Bus Services and Urbanlinkz Ltd, the two companies are pleased to announce that, from Saturday, 25 June 2005, the share stakes for Harmony Bus Services Pte Ltd would be transferred from Cityfizz Corporation to Urbanlinkz Ltd.
All other operation details will remain unchanged.

ABOUT

Urbanlinkz Ltd is an established public bus service company in Singapore. It also operates coach services to Malaysia.

Harmony Bus Services is a small bus company operating various bus services in Singapore, mostly in the northern and northwestern regions. Victor Lim holds 45% stake in Harmony Bus Services.