By Pacnet Press Release

HONG KONG – Pacnet today announced that it has entered into a partnership with Office Squared, a subsidiary of Servcorp, a world leader in the serviced office industry, to provide Internet-based solutions to tenants at the Singapore-Hangzhou Science and Technology Park.

“Hangzhou is one of the key economic hubs in the Yangtze Delta area and is one of the 11 cities designated by the Ministry of Commerce as a BPO (Business Process Outsourcing) hub in China,” said Bill Barney, Chief Executive Officer of Pacnet. “Today’s partnership with Office Squared to deliver leading network solutions to the Singapore-Hangzhou Science and Technology Park, is an integral part of our strategy to leverage our global network reach to support the growth of the outsourcing industry in Hangzhou and across China.”

The Singapore-Hangzhou Science and Technology Park is strategically located right in the heart of the Hangzhou Economic and Technological Development Area and developed with a vision to becoming a vibrant hub for high-tech activities, in particular the BPO (Business Process Outsourcing) and ITO (Information Technology Outsourcing) industries.

Under the partnership, Office Squared will utilize Pacnet’s Internet services to provide networking solutions, as well as productivity and collaboration tools to the tenants at the technology park, helping them to enhance business efficiency and growth.

“In an increasingly competitive market, flexibility, scalability and an integrated infrastructure are essential in a multi-tenant environment. Our goal is to drive growth, innovation and customer service using solutions that create a more productive, efficient and collaborative workplace. Our collaboration with Pacnet will enable us to deliver on these commitments and we look forward to growing this partnership in the near future,” said Marcus Moufarrige, Chief Executive Officer, Office Squared.

“We are delighted that Office Squared has selected Pacnet to support its operations at the Singapore-Hangzhou Science and Technology Park,” said Lily Zhang, Managing Director of Pacnet China. “By leveraging our EAC-C2C subsea cable network, we are able to deliver the high bandwidth and diverse network connectivity that is demanded by the outsourcing businesses to operate more efficiently, effectively and competitively.”

Pacnet’s Internet Services is backed by EAC-C2C, the Asia Pacific region’s highest capacity submarine cable network. Paired with Pacnet’s extensive peering portfolio and interconnection agreements with global backbone and upstream operators, Pacnet’s has one of the most robust Internet backbones in the region, enabling customers to enjoy extensive coverage in Asia while providing a one-stop shop for all their connectivity needs.

About Pacnet

Named “Best Wholesale Carrier” at the Telecom Asia Awards 2009, Pacnet is Asia’s leading independent telecommunications service provider, formed from the operational merger of Asia Netcom and Pacific Internet. Pacnet owns and operates EAC-C2C, the region’s largest privately-owned submarine cable network at 36,800 km, with a design capacity of 10.24 Tbps. The company offers a comprehensive portfolio of industry leading IP-based solutions for carriers, large enterprises and SMEs. Pacnet is headquartered in Hong Kong and Singapore, with offices in all key markets in Asia and North America.