News: QIP QANTM Intellectual Property Responds To Media Speculation

Feb 27 (Reuters) - QANTM Intellectual Property Ltd (QIP) :

• RESPONSE TO MEDIA SPECULATION
• HAS RECEIVED A NON-BINDING INDICATIVE PROPOSAL FROM ROUSE INTERNATIONAL HOLDINGS LIMITED
• NON-BINDING INDICATIVE PROPOSAL IN RELATION TO A POTENTIAL ACQUISITION OF ALL SHARES IN QANTM
• QANTM BOARD RECOMMENDS THAT SHAREHOLDERS TAKE NO ACTION AT THIS TIME
• AGREED TO ROUSE'S REQUEST TO CONDUCT DUE DILIGENCE WITH A VIEW TO PUTTING FORWARD A BINDING OFFER
• NO CERTAINTY TRANSACTION CAPABLE OF BEING CONSIDERED BY SHAREHOLDERS WILL EVENTUATE