Final Results

MEDILINK-GLOBAL UK LIMITED

("Medilink", the "Company" or the "Group")

FINAL RESULTS

Medilink-Global UK Limited (AIM: MEDI), the electronic health card network service provider, is pleased to announce its audited results for the year ended 31 December 2013. A copy of the annual report and accounts and notice of the Company's annual general meeting, to be held at 4th Floor, Office Tower, Syed Kechik Foundation Building, Jalan Kapas, 59100 Kuala Lumpur, Malaysia on 17 July 2014at 11.00 am (Malaysian time) has been posted to shareholders today and will be available shortly from the Company's website, www.medilink-global.com.

FINANCIAL HIGHLIGHTS

· TPA revenues increased by 3% to £2,047,000 (2012: £1,993,000) despite a fall in revenue in Singapore (£89,000) and a loss of revenue from AXA-Affin General Insurance Berhad, one of our major customers, as a result of their reorganisation (£134,000)

· Revenue contribution from our China operations increased by 34% to £753,000 (2012 £563,000)

· Loss before taxation reduced to £674,000 (2012: £705,000)

· Administrative costs have decreased by 3% to £1,474,000 (2012 £1,527,000)

· Medilink Malaysia have managed to replace much of the revenue lost with AXA-Affin General Insurance Berhad in 2013 by focusing their attention on the small and medium enterprises sector and government linked bodies and have won TPA contracts with several new clients in these growing market segments (see Operational highlights)

· A 30% share of our investment in Medilink-Global TPA Pte Ltd (Medilink Singapore) was sold to WMG Management Pte Ltd for SGD 150,000 on 16 September 2013 resulting in a profit on sale of £61,000

OPERATIONAL HIGHLIGHTS

The business highlights of Medilink-Global UK Limited (the "Company") in the following regions.

People's Republic of China ("China")

Medilink (Beijing) TPA Co., Ltd ("Medilink China"), a wholly owned subsidiary of Medilink-Global UK Limited, continues to secure and renew its Third Party Administration ("TPA") service contracts with reputable and established insurers in China.

Contract renewals:

§ On 20 October 2013, Medilink China renewed its contract with Taikang Pension & Insurance Company Limited for 1 year up to 19 October 2014. The contract will be automatically renewed for another year upon its expiry

§ On 31 December 2013, Medilink China renewed its contract with CCB Life Insurance Company Limited, for a period of 1 year to 30 December 2014

§ On 19 April 2014, Medilink China renewed its contract with Ping An Annuity Insurance Company Limited, Guangzhu Branch; for a 3 year period to 18 April 2017. The contract will be automatically renewed for another 3 years upon its expiry

New contracts secured:

§ Medilink China entered into a one year contract with Founder Meiji Yasuda Life Insurance Co., Ltd (24 October 2013 to 23 October 2014), a joint venture entity between Peking University Founder Group Company Limited and Haier Meiji Yasuda Life Insurance Company Limited. Founder Meiji Yasuda Life Insurance Co. Ltd was established in 2002 and is headquartered in Shanghai. It provides a broad range of individual and group insurance products distributed through five branches and 16 sales and service locations that cover one city and four provinces in China. Together, Founder Group, Haier Group and Meiji Yasuda Life will now join forces to continue to grow the joint venture life insurance company and its business throughout China

§ Medilink China entered into a 1 year TPA Service contract with Taikang Life Insurance Company Limited and the contract will be automatically renewed for another year upon its expiry on 19 October 2014

§ In line with the corporate strategy, as well as to satisfy the market demand, Medilink China has started offering healthcare management services to large employers and insurance companies in China. It has secured 4 healthcare management service contracts with the below-named customers contributing a total membership of 5000 as of 31 May 2014

ü TOTAL Petrochemicals Trade (China) Co., Ltd. Shanghai Branch (01 January 2014 to 31 December 2014)

ü Everbright Bank Credit Card Center (01 January 2014 to 31 December 2014)

ü China United Property Insurance Company Shanghai Branch (02 December 2013 to 01 December 2014)

ü Generali China Life Insurance Company Limited (01 December 2013 to 31 December 2023)

ü Generali China Life Insurance Company Limited Shanghai Branch (11 October 2013 to 31 July 2017)

In view of the favourable acceptance received to-date from existing customers, the Directors believe that this healthcare management services will increase membership levels in Medilink China.

Malaysia and Singapore

Great Eastern Life Assurance Malaysia Berhad

On 1 March 2013, MedilinkGlobal (M) Sdn Bhd ("Medilink Malaysia") renewed its Managed Care System maintenance contract with Great Eastern Life Assurance Berhad for one year and it was automatically renewed for another year upon its expiry on 29 February 2014.

AIA Co., Ltd

§ American International Assurance Berhad (AIA) has operated under a single license in Malaysia since June 2013, after acquiring ING Group's local insurance operations

§ Malaysia's leading life insurer AIA has successfully integrated its Takaful companies AIA AFG Takaful Bhd. and AIA PUBLIC Takaful Bhd. (formerly known as ING PUBLIC Takaful Ehsan Berhad). Since 1 March 2014, the businesses have operated under a single licence and brand, and has been known as AIA PUBLIC Takaful Bhd. AIA PUBLIC is jointly owned by AIA Co. Ltd. (AIA), Public Bank Berhad and Public Islamic Bank Berhad

§ The Directors of Medilink are confident that there will be a significant positive effect for Medilink Malaysia following the integration between AIA and ING Group's local insurance operators; both in the areas of Third Party Administration services as well as system development and enhancement

Self-funded and Government-Linked Employers market

Medilink Malaysia continues its effort in making in-roads into the self-funded employer market and government-linked organisations. During the period under review, the company managed to secure several significant government-linked customers, which collectively contributed 35,000 members to the membership growth of Medilink Malaysia.

Great Eastern Life Assurance Co. Ltd ("GE Singapore")

Medilink-Global (Asia) Pte Ltd received a purchase order from Great Eastern Life Assurance Co., Ltd, to study and outline the user requirement and system specification, with the possible intention to license the Medilink's Managed Care System, in 2014.

MedilinkGlobal (M) Sdn Bhd reaches ISO 9001:2008 Certification

The Directors of Medilink are proud to announce that Medilink Malaysia, has achieved ISO 9001:2008 certification through International Certification Services. This achievement is an important milestone for Medilink Malaysia as it brings us a step closer to our corporate goals. Through a process of continuous improvement, we aim to deliver supreme quality products and services to our clients.

For further information contact:

CHAIRMAN'S STATEMENT

Medilink-Global UK Limited is pleased to present the Group's results for the year ended 31 December 2013.

FINANCIAL REVIEW

The Group recorded revenues of £2.069 million (2012: £2.084 million) and a loss after taxation of £678,000 (2012: £705,000) for the year ended 31 December 2013.

While the overall turnover was marginally down due to the lower level of software licensing revenues of £22,000 (2012: £91,000), the TPA revenues increased by 3% to £2,047,000 (2012: £1,993,000). This was despite the declining business from Medilink Singapore, which saw a drop in revenue of £89,000 (15%) compared to 2012. In addition there was a significantly lower contribution in turnover from AXA-Affin General Insurance Berhad, one of our major customers, following their internal reorganization.

On the positive side we have won a significant number of new TPA clients in Malaysia replacing much of this lost revenue increasing our portfolio of customers and thereby reducing the risk of being exposed to one or two major clients. Revenues also continue to grow in China, which increased by a further 34% in 2013. We also continued to manage our costs and in this regard administrative costs fell by 3% from £1,527,000 in 2012 to £1,474,000 in 2013.

GROUP'S OPERATIONS REVIEW

China

Revenue from our China operations continued to grow steadily, achieving a growth rate of 34% in the period under review to £753,000 (China revenue for 2012: £563,000) as a result of the growth in membership enrolment arising from the TPA Contracts and healthcare management service contracts with the Insurance Companies. Membership levels increased by 36% from 14,000 at the end of 2012 to 19,000 by the end of 2013. At the date of this report membership levels are standing at 21,000.

Medilink China's operating costs have stabilised which resulted in only a marginal increase of 1.94% over the previous year.

The average monthly revenue per employee during the year for our China operations was £1,307, an improvement of 20% compared to the previous year figure of £1,090. We expect the monthly average revenue per employee for China to continue to improve as business volumes increase.

To date, we have signed TPA and healthcare management service contracts with 30 insurance companies in China, of which 2 came on board during the FY 2013. At the end of 2013, there were 549 (2012: 348) healthcare providers operating throughout our network in China.

Malaysia

As previously reported the acquisition of ING Malaysia by AIA is an important corporate development which we expect will create a positive impact for Medilink Malaysia in terms of larger business volumes and enhanced market position. The newly-merged insurance entity has become the number one insurer in the country in terms of total premium size and policy holders' base. In this respect our business with ING Malaysia, both conventional and Takaful business, grew by 16% during 2013 from £244,000 to £283,000 in revenue terms.

AIA was set to operate under a single license in Malaysia by June 2013 (conventional business) and by March 2014 (Takaful business), after acquiring ING Group's local insurance operations. We have seen an increase of 60,756 members in the Medilink Malaysia portfolio.

Singapore

Revenues from Singapore fell by 15% to £508,000 (2012: £597,000) from the previous year while the number of healthcare providers in our network remained at 146. As previously reported we sold 30% of Medilink Singapore in September 2013 and we retain a 70% interest following this sale. We continue to work closely with our local partner in the region.

PROSPECTS

Medilink will continue to provide excellent services to its customers and with our new initiatives in Malaysia and our continued membership growth in China we anticipate the Group will continue to reduce its losses during 2014 and move towards self-sustainability in 2015.

We will continue to strengthen all areas of the organisation and maintain our position as a leading regional TPA in the Asia Pacific region with a global servicing capacity.

The Company continues to monitor its cash position, which is currently constrained. Cost cutting measures implemented during 2012 and 2013 have assisted in this regard. The Directors will continue to explore options for supplementing the Group's cash resources, at both the Company and subsidiary level.

ACKNOWLEDGMENTS

On behalf of the board, I would like to extend our thanks to our business partners, customers, associates, healthcare providers and valued shareholders for their support throughout the year. We also wish to thank the management and staff of the entire Medilink-Global Group for their continued loyalty and commitment in discharging their duties.

Norman Lott

Chairman

27 June 2014

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2013

The notes to the financial statements form an integral part of these financial statements.

*In accordance with IAS 33 "Earnings per share" and as the Group has reported a loss for the period the shares are not diluted. The Group has not issued any instruments with dilutive effects.

All operations of the Group are continuing.

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AT 31 DECEMBER 2013

The notes to the financial statements form an integral part of these financial statements.

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2013

The notes to the financial statements form an integral part of these financial statements.

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2013

The notes to the financial statements form an integral part of these financial statements.

NOTES TO THE FINANCIAL INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2013

1. General information

The Company was incorporated in Jersey as a limited liability par value company under the laws of Jersey, with the name Medilink-Global UK Limited and with company number 99680. The Company is governed by its articles of association and the principal statute governing the Company is Jersey law. The liability of the members of the Company is limited. The Company's registered office is Queensway House, Hilgrove Street, St Helier Road, Jersey, JE1 1ES. The Company is domiciled in Jersey. The Company's principal place of business is Asia.

These financial statements are presented in Pound Sterling ("£") and rounded to the nearest thousand ("000"). The functional currency of the entities in the Group is the Malaysian Ringgit as that is the Currency of the primary economic environment in which the Group operates. The directors have chosen to present these financial statements in Pound Sterling due to the international exposure and shareholders of the entity.

The financial statements of the Group and the Company have been prepared and presented in accordance with International Financial Reporting Standards as adopted by the European Union and the historical cost convention as modified by the use of fair values. The Board had reviewed the accounting policies set out in the financial statements and consider them to be the most appropriate to Group's business activities.

The directors do not propose a dividend in respect of the year ended 31 December 2013 (2012: Nil).

The Group applies IFRS 8 Operating Segments. Per IFRS 8 operating segments are based on internal reports about components of the group, which are regularly reviewed and used by the Board of Directors being the Chief Operating Decision Maker ("CODM") for strategic decision making and resource allocation, in order to allocate resources to the segment and to assess its performance. The Group's reportable operating segments are as follows:

i) Third party administrator

ii) Software licensing

The CODM monitors the operating results of each segment for the purpose of performance assessments and making decisions on resource allocation. The management has organised the entity based on differences in products and services. Third party administrator segment is derived from aggregating China, Malaysia and Singapore entity while Software licensing segment represent a single entity from Malaysia. Performance is based on external and internal revenue generations and profit before tax, which the CODM believes are the most relevant in evaluating the results relative to other entities in the industry. Segment assets and liabilities are presented inclusive of inter-segment balances, as inter-segment pricing. Information regarding each of the operations of each reportable segment is included below.

(i) The assets of third party administrator are including the goodwill on consolidation of £3,038,000 (2012: £3,038,000)

Revenues from two customers amounted to £381,790: ING Insurance Bhd £282,485 and AXA Insurance Bhd £99,305 (2012: £476,610: ING Insurance Bhd £243,685 and AXA Insurance Bhd £232,925), arising from sales by third party administrator segment.

The geographical split of revenue and non-current assets arises as follows:

4. Loss from operations

Loss from operation has been arrived at after charging/(crediting):

5. Cash and cash equivalents

Group

Company

6. Advance from a director

Group

Company

In March 2012, Mr Shia Kok Fat, had advanced £300,000 to the Group and the terms and conditions of the advance are as follows:-

i) It carries interest at 6% per annum;

ii) The repayment of principal amount is deferred to 31 December 2016. The repayment date of the loan will be capable of being extended beyond 31 December 2016 subject to agreement between the Company and Shia Kok Fat and conditional on the loan being repaid at a minimum rate of £50,000 per annum thereafter.

7. Term loan

Group

The terms and conditions of term loans are as below:-

i) It carries interest at 13% per annum;

ii) The maturity of principal on 15 October 2014. The term loan shall auto renew for another one (1) year, on similar terms and conditions as stated herein or shall be mutually agreed in writing between both parties

8. Share capital

The Company has one class of ordinary share capital which carries no rights to fixed income, any preferences or restrictions.

9. Loss per share

Basic loss per share is calculated by dividing the loss attributable to equity holders of the Company by the weighted average number of ordinary shares in issue during the period. In accordance with IAS 33, and as the Group has reported a loss for the year, the shares are not diluted.

10. Related party transactions

Related party transactions during the year were as follow:

The term of the loan from a shareholder is interest free and with no fixed term of repayment. The loan is secured against the corporate guarantee issued by the Company.

Details of Directors' remunerations (who are considered to be the key management of the Group) are as follows:

11. Subsequent events

There were no other subsequent events that require adjustment to or disclosure in the financial statements.