GP Batteries International Limited

30 April 2001, Singapore - Mainboard-listed battery maker, GP Batteries International Limited ("GP Batteries") announces that its Lithium Ion ("Li-Ion") battery plant in Taiwan ("GPIT") has recently commenced the mass production of a 2100mAh Lithium Ion 18650 Battery.

The 18650 Lithium Ion cell is the main workhorse for the laptop computer industry. It started life in 1992 as a 1100mAh cell and has been progressively upgraded over the years as the technology of manufacturing improves. The 2100mAh cell, affectionately known as the Millennium cell, represents a significant step in the advancement of design and implementation of the latest innovation in material sciences. GP Batteries is one of the first in the industry to mass-produce this 2100mAh battery. The current standard for an 18650 cell is 1650-1800mAh. Li-Ion Batteries, possess the highest energy and power to weight ratios of any rechargeable batteries. They are mainly used in notebook computers, camcorders and cellular phones.

Mr. Andrew Ng, Chairman & Chief Executive of GP Batteries said, "We are very proud of this technological achievement. It firmly establishes GP Batteries as a player in the Lithium Ion rechargeable battery market. With the increasing popularity of portable electronic equipment, we are very positive about the outlook of Li-Ion batteries."

"We will continue to increase production capacity to meet market demand," added Mr. Ng.

Information on GP Batteries International Limited

GP Batteries International Limited ("GP Batteries") is principally engaged in the development, manufacture and marketing of batteries and battery related products.

Since its establishment under the Gold Peak Group in Hong Kong, GP Batteries has rapidly expanded to become one of the world's major suppliers of primary and rechargeable batteries. The Group supplies an extensive range of battery products to original equipment manufacturers, leading battery manufacturers as well as consumer retail markets under its own GP brand name.

GP Batteries was awarded the Operational Headquarters Status by the Economic Development Board of Singapore in June 1990 and the Status was extended for six more years commencing 1 July 1996. GP Batteries was listed on the main board of the Singapore Exchange Securities Trading Limited in March 1991 and is currently a component stock of the Straits Times Index, BT Singapore Regional Index and DBS50 Index.

GP Batteries' major production facilities are located in Hong Kong, China, Singapore, Taiwan, Malaysia, Denmark and Poland, supported by marketing and trading offices in Singapore, Hong Kong, Taiwan, China, South Korea, Malaysia, Thailand, Australia, Sweden, Poland, France, Germany, Italy, the United Kingdom, Canada and the United States. The Group currently employs about 7,000 people and occupies a total floor area of over 154,000 square metres.

GP Batteries is a member company of Gold Peak Group. Gold Peak's 85.6%* owned Singapore-listed GP Industries Limited currently holds approximately 45%* interest in GP Batteries.

* Shareholdings as at 28 February 2001

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