Green Grid Group files amended and restated preliminary prospectus for initial public offering

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES NEWS WIRE SERVICES/

SINGAPORE, June 17, 2013 /CNW/ - Green Grid Group Pte. Ltd. ("Green Grid" or the "Company"), a developer, owner and provider of information technology ("IT") infrastructure facilities with a focus on India and Southeast Asia, announced today that on June 14, 2013 it filed an amended and restated preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada, except Quebec, in connection with a proposed initial public offering (the "Offering") of its ordinary shares. A copy of this amended and restated preliminary prospectus is available on SEDAR at www.sedar.com.

The Offering is being led by National Bank Financial Inc. with the remaining syndicate of underwriters being Macquarie Capital Markets Canada Ltd., Canaccord Genuity Corp., Cormark Securities Inc. and Stifel Nicolaus Canada Inc.

The amended and restated preliminary prospectus has not yet become final for the purposes of the sale of the securities, and information contained in the preliminary prospectus may not be complete and may have to be amended. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

About Green Grid Group Pte. Ltd.

Green Grid is a developer, owner and provider of information technology ("IT") infrastructure facilities with a focus on India and Southeast Asia. The Company builds and operates comprehensive, secure and disaster-resilient IT infrastructure facilities in high growth areas and employs green technologies in order to both attract occupants and reduce costs. The Company's high-quality, strategically located properties contain applications and operations that are critical to the day-to-day operations of its IT customers, some of whom are large multinational corporations. Green Grid has built long-term relationships with its customers and provides them with solutions for their IT infrastructure challenges, and the Company is now planning to develop data centre facilities in partnership with IBM.

Forward-Looking Information

Certain statements in this press release may contain "forward-looking information" within the meaning of Canadian legislation. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved" including with respect to the Company amending the preliminary prospectus, the Company filing a final prospectus and the development of the data centre facilities.

Forward-looking information is based on the opinions and estimates of management as of the date such information is provided, and it is subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, stated intentions, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.

Green Grid does not undertake to update any forward-looking information that is contained herein, except in accordance with applicable securities laws.

SOURCE: Green Grid Group Pte. Ltd.

For further information:

Tim Foran 
Media and Investor Relations 
416.815.0700 ext. 251 
[email protected]

Shanmugham Thiagarajan
Chief Executive Officer
Tel: [phone]
[email protected]