CARRIERNET GBL : Results Of The Extraordinary General Meeting

Pursuant to Rule 704(13) of the Listing Manual, Section B, Rules of Catalist of the Singapore Exchange Securities Trading Limited, the Board of Directors of CarrierNet Global Ltd. (the "Company") is pleased to announce that all resolutions relating to the matters set out in the Notice of Extraordinary General Meeting ("EGM") dated 4 July 2011 were put to, and duly passed at the EGM of the Company held on 18 July 2011.

By Order of the Board

Chan Sing En

CEO

18 July 2011

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the SGX-ST. The Company's Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Yap Wai Ming:

Tel: [phone]

Email: [e-mail]