PROPOSED MERGER OF BEYONICS TECHNOLOGY LIMITED AND FLAIRIS TECHNOLOGY CORPORATION LIMITED

Attached are the presentation materials ("Presentation") for the press conference held on 24 March 2003. The Presentation should be read in conjunction with the full text of the announcement dated 24 March 2003. A copy of the announcement is available on www.sgx.com.

The Directors of Beyonics (including any who may have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts and opinions stated in this Announcement are fair and accurate and that no material facts have been omitted and they jointly and severally accept responsibility accordingly. Where any information has been extracted from published or publicly available sources (including, without limitation, in relation to the Flairis and its subsidiaries and associated company), the sole responsibility of the Directors of Beyonics has been to ensure through reasonable enquiries that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this Announcement.

Submitted by Tay Peng Huat, Company Secretary on 24/03/2003 to the SGX