Asia Pacific Wire & Cable Announcements from its April 5, 2005 Investor Meeting in New York.

NEW YORK -- Asia Pacific Wire & Cable Corporation Limited (OTCBB: AWRCF) hosted an investor meeting in New York on April 5, 2005 during which management gave an overview of the Company's business and addressed questions raised by participating investors. The Company was represented at the meeting by: Mr. Yuan Chun-Tang (Tony), Chairman and Chief Executive Officer; Mr. Wellen Sham, acting Chief Financial Officer and Chief Planning Officer; Mr. Eric Yip, a director; and Mr. Take Wakayama, a representative of Asset Managers Co., Ltd ("AMC"), the majority shareholder in the Company.

The Company announced that its gross revenue for fiscal year 2004 is just below $300 million and represents approximately a 41% increase over total revenue for 2003. The 2004 audited financial statements are expected to be available within the next 30 to 60 days.

The Company believes that it is undervalued and it is currently exploring possibilities to list on either the American Stock Exchange or NASDAQ in order to enhance the visibility and liquidity of its securities. The targeted schedule for a listing is before the close of third quarter of this year.

The Company pointed out that it is undergoing a management restructuring. The Company has severed all ties with its former Chief Executive Officer, who is currently under investigation in Taiwan. In addition, the former Chief Financial Officer was suspended.

In connection with the management restructuring, Mr. Yuan Chun-Tang (Tony) was elected as the new Chief Executive Officer of the Company and two new independent directors were elected to the Board after the resignation of two prior independent directors. The Company also noted that it is in the process of setting up a corporate governance structure to be in compliance with the Sarbanes-Oxley Act of 2002. The Company will also seek to increase the number of independent directors, such that they will constitute a majority of the Board. The Board is actively seeking qualified independent candidates.

Mr. Wellen Sham, the acting CFO of the Company, explained that the provision of $2 million in the 2004 nine-months unaudited financial statements was for doubtful accounts. Management expects that there will be an additional provision for doubtful accounts for the fourth quarter as a result of the conservative accounting approach adopted by the Company. Management believes that any additional reserves for the fourth quarter 2004 will be in the range of $1 million to $2 million.

As part of its restructuring, management is implementing measures to improve cost efficiencies. The Company estimates the efficiency savings this year will be about $1 million after deduction of the Sarbanes-Oxley compliance expenses.

The Company noted that AMC is currently the largest shareholder of the Company after AMC purchased 72.84% of the issued and outstanding shares of the Company from PEWC in connection with the settlement of the litigation involving the Company and Set Top International Inc. In that settlement, PEWC was granted an option, exercisable on September 14 of 2005, 2006 and 2007, to purchase back 52.8% of the total issued and outstanding shares of the Company.

The Company also announced its intention to raise additional capital through one or more equity offerings to increase the working capital of the Company. Consequently the Company is in discussions with certain U.S. investment banks as well as some investment banks in Asia. The Company assured that any equity offering will not favor institutional investors only.

The Company also noted that it has been negatively impacted by the rise of copper prices since some of its subsidiaries are operating on a cash-basis. The Company explained that by raising additional capital the Company would be able to effect copper hedging.

Company management believes that the recent slow down in China's economy has not negatively impacted its operations and will be looking to expand in different markets.

The Company further pointed out that its operation producing enamel wire is running close to full capacity and is expected to do well this year. The communication cables sector is the weakest of the Company's businesses due to strong supplies and weak demand. All the other sectors of the Company have seen recovery in the Pacific Rim, except for China.

The Company also reiterated its intention to file timely reports with the Securities and Exchange Commission and to increase its visibility and communications overall in the United States.

About Asia Pacific Wire & Cable

Asia Pacific Wire & Cable Corporation is a leading manufacturer of wire and cable products for the telecommunications and power industries in selected markets in the Asia Pacific Region.

Except for statements of historical fact, this news release contains certain forward-looking statements about the Company. Such statements are subject to significant risks and uncertainties including changes in economic and market conditions, successful implementation of growth plans, and other risks noted in the Company's SEC filings which may cause actual results to differ materially.