Holding(s) in Company

Velosi Limited
24 January 2007


24 January 2007

Velosi Limited (the 'Company')

                             Holding(s) in Company

The Company was today notified that, following the purchase of 220,000 ordinary
shares of $0.02 each in the Company ('Ordinary Shares') on 24 January 2007 at
100 pence per share, Velosi Malaysia is interested in 6,956,955 Ordinary Shares
representing approximately 18.24 per cent. of the issued share capital of the
Company.

Dr Nabil Abdul Jalil holds an option to acquire 26.02 per cent. of Velosi
Malaysia. The ultimate shareholders of Velosi Malaysia are Mohammed Ashari bin
Abas (68 per cent.) and Mohammed Jai bin Suboh (32 per cent.).


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