Tien Wah Press Holdings Berhad ("TWPH" or the "Company")

RENOUNCEABLE RIGHTS ISSUE OF UP TO 27,570,000 NEW ORDINARY SHARES OF RM1.00 EACH IN TWPH (¡§RIGHTS SHARES¡¨) AT AN ISSUE PRICE OF RM1.15 PER RIGHTS SHARE PAYABLE IN FULL UPON ACCEPTANCE ON THE BASIS OF TWO (2) RIGHTS SHARES FOR EVERY FIVE (5) EXISTING ORDINARY SHARES OF RM1.00 EACH IN TWPH HELD AT 5.00 P.M. ON 26 OCTOBER 2010 (¡§RIGHTS ISSUE¡¨)

We refer to the announcement dated 8 June 2010 in relation to, amongst others, the Proposed Rights Issue. All abbreviations herein shall have the same meanings as those used in the abovementioned announcement unless stated otherwise.

On behalf of the Board of Directors of TWPH ("Board"), AFFIN Investment Bank Berhad wishes to announce that the Board has fixed the issue price of the Rights Shares at RM1.15 per Rights Share.

The issue price of RM1.15 per Rights Shares represents approximately RM0.52 or 31.1% discount from the theoretical ex-rights price of RM1.67 per TWPH Share, calculated based on the five (5)-days volume-weighted average market price of TWPH Shares up to and including 8 October 2010 (being the date immediately prior to the date of this announcement and the enlarged issued and paid-up share capital of 96,495,000 TWPH Shares after the Rights Issue (assuming that the Rights Issue is fully subscribed).

This announcement is dated 11 October 2010.