The Board of Directors of IPC Corporation Ltd ("the Company") is pleased to attach a copy of the press release made by ThinSoft (Holdings) Inc, a subsidiary of the Company, in Hong Kong today on "ThinSoft's Debut Generated Highly Positive Response; Shares increased 28% to close at HK$0.51" for your information.

Submitted by Bernard Ngiam Mia Hai, Director on 27/02/2002 to the SGX