Sarment Files Preliminary Prospectus for Initial Public Offering of Ordinary Shares

NOT FOR DISTRIBUTION IN THE UNITED STATES

TORONTO, March 20, 2018 (GLOBE NEWSWIRE) -- Sarment Holding Pte Ltd (to be renamed Sarment Holding Limited) ("Sarment") today announced that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada, except Quebec, for a proposed initial public offering of its ordinary shares (the "Offering"). The number of ordinary shares to be sold and the price per ordinary share have not yet been determined.

The Offering will be managed by a syndicate of agents, led by Haywood Securities Inc., including Canaccord Genuity Corp., Cormark Securities Inc. and Paradigm Capital Inc.

The preliminary prospectus contains important information relating to the ordinary shares and is still subject to completion or amendment. Copies of the preliminary prospectus are available at www.sedar.com. There will not be any sale or any acceptance of an offer to buy the ordinary shares until a receipt for the final prospectus has been issued.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The ordinary shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws. Accordingly, the ordinary shares may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Sarment in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Sarment
Sarment is a Singapore-based luxury lifestyle service provider focused on offering curated luxury goods and services to High-Net-Worth and Ultra-High-Net-Worth individuals. Sarment's AI based digital ecosystem provides intelligent personal services focusing on creating unique luxury experiences. Sarment's objective is to become the leader in global luxury lifestyle management and the preeminent marketplace for this market segment. Since its establishment in 2012, Sarment has expanded throughout Asia and is now seeking global expansion.

For further information contact:
Joanne Lee
[email protected]
+65 6424 0417