News Release

For Immediate Release

Lexicon Strengthens Bond with Tom N Toms’

Parent Company through Joint Venture

Singapore, November 3, 2009

“Group”), a sponsored Catalist Company on the Singapore Exchange (“SGX”),

announced today that it has entered into a conditional joint-venture agreement

with Tom N Toms Ltd (“TNTK”) and KTNT Holdings Limited (“KTNT”)

(collectively known as the “Vendors”) to incorporate a joint-venture company,

Tom N Toms International Pte Ltd (the “JVC” or “Tom N Toms International”),

which Lexicon had previously agreed to establish together with TNT Global.

TNT Global was a subsidiary of TNTK & KTNT, both wholly owned by their

Founder & Chairman, Mr Kim Do Kyun (“Mr Kim”). The prior joint-venture

agreement with TNT Global has since been terminated.

The Vendors have agreed and are looking to consolidate all existing

international businesses of the Tom N Toms brand, where possible, under the

JVC. These include the business of retailing coffee, coffee-related

accessories and paraphernalia, the operation of independent or jointlyoperated

coffeehouses and cafes under the Tom N Toms brand (the “Tom N

Toms Franchise”), as well as, the marketing and sales of the Tom N Toms

Franchise in the United Kingdom (“UK”) and 21 countries in Central and

Eastern Europe and South-East Asia (the “Territories”) (Please refer Annex

1).

Under this agreement, both the Group and the Vendors will each subscribe for

50% of the ordinary shares in the capital of Tom N Toms International, which

will have an initial issued and paid-up share capital of S$3 million (the “Paid-

Up Capital”). Lexicon will contribute S$1.5 million in cash to the Paid-Up

Capital, and will allot and issue 25 million new ordinary shares to the Vendors,

credited as fully paid up and shall ran

shares capital of the Group.

Executive Vice-Chairman and Managing Director of Lexicon, Mr Ricky Ang

commented, “We are delighted and honoured to have this opportunity to set

up Tom N Toms International directly with the parent companies of TNT

Global. Since our agreement with TNT Global on August 2009, Lexicon has

worked very closely with Mr Kim to ensure the success of the Tom N Toms

brand in Singapore and the other 21 territories that we were initially given the

rights to operate in. Mr Kim’s decision to re-establish Tom N Toms

International directly with Lexicon cements both companies’ relationship,

going beyond a pure sales agreement to a closely and trusted relationship

between the two companies. This will also allow both TNTK and Lexicon to

consolidate all Tom N Toms activities under Tom N Toms International.”

This agreement also gives Lexicon new rights to operate and manage the

Tom N Toms brand in UK. According to the data as at 1 October 2008 from

the CIA World Factbook, the GDP of UK was recorded at US$2,674 billion.– The Lexicon Group Limited (“Lexicon” or thepari passu with the existing issued

2

With a population of 60.8 million, the Purchasing Power Parity (“PPP”) per

capita of UK is US$36,626.16. The Group will be able to benefit greatly from

the opportunities presented in the UK market.

Mr Ang continued, “The Tom N Toms brand has been experiencing

phenomenal growth in South Korea ever since its re-establishment in 2004,

opening 160 successful branches within five years in the country. Moreover, in

the past three months, it has managed to sign agreements to open another 30

branches by the end of this calendar year. This would mean that the

successful brand would have almost 200 branches in the region of South

Korea alone in a matter of just five years. We believe that Tom N Toms has

found a unique growth strategy, of which the Group can implement in the

international market and reap similar success.”

When asked for his rationale for establishing Tom N Toms International

directly with Lexicon, Mr Kim explained, “Ever since I started the Tom N Toms

brand in South Korea, my vision has always been to expand the Tom N Toms

brand outside of the country and build it into one of the top three brands

providing speciality coffee in the global market. After much research in the

international coffee industry, we believe that the key factor to do so is to find

and establish close working relationships with strong partners in other

countries. Having met and worked with many other interested parties

previously, I have not yet encountered another party as sincere and proactive

as Lexicon in building the brand, and I am very impressed by the progress

that Tom N Toms International has made in developing the Tom N Toms

brand since the original joint venture agreement was signed. This gave me the

confidence to extend a direct working relationship with the Group to facilitate

an easier and much more direct line of communication. And, to consolidate a

substantial part of our global business under TNTI.”

Being a direct partner, Lexicon will have more flexibility and control in the

operations of Tom N Toms International. Both the Group and the Vendors are

looking to include and jointly develop more territories under Tom N Toms

International in future.