By PR Newswire Press Release

NEW YORK — Asia Pacific Wire & Cable Corporation Limited (OTC:AWRCF) (BULLETIN BOARD: AWRCF) (the “Company”) announced today that it has entered into an Amended and Restated Shareholders' Agreement, effective as of today, with its majority shareholder, Pacific Electric Wire & Cable Company Limited, and another investor of the Company, SOF Investments, L.P. Among other things, the new agreement grants to the Company an extension for listing its common shares on a national exchange until February 2011.

In connection with the new agreement, SOF rescinded its request that PEWC repurchase all of SOF's common shares of the Company as provided for under the original Shareholders' Agreement. Rather, SOF sold only 51% of the Company shares held by it to PEWC and SOF retained 49% of the Company shares that it purchased in June 2007. The sale, effective as of today, results in PEWC holding 65.6% of the equity of the Company and SOF holding 9.8%. The Company looks forward to continuing its investor relationship with SOF.