Asia Pacific Wire & Cable Corporation Commences Share Repurchase Program

Asia Pacific Wire & Cable Corporation Commences Share Repurchase Program

TAIPEI, Taiwan, Dec. 19, 2012 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable
Corporation Limited (Nasdaq:APWC) ("APWC" or the "Company"), a leading
manufacturer of wire and cable products for the telecommunications and
electric-power industries in selected Asia-Pacific markets, today announced
the commencement of its previously announced share repurchase program.

On October 5, 2012, the Company announced the approval of a share repurchase
program, pursuant to which the Company is authorized to repurchase up to $2
million worth of its common shares over the next 12 months. The Company has
retained a financial advisor as manager of the share repurchase program, which
will be conducted in accordance with Rule 10b-18 under the Securities Exchange
Act of 1934, as amended.

The Company expects to implement this share repurchase program in a manner
consistent with market conditions and the interest of its shareholders. The
common shares may be repurchased on the open market, in privately negotiated
transactions, in block trades or otherwise. The timing and the extent of any
purchases will depend upon market conditions, the trading price of the common
shares and other factors, and subject to the restrictions relating to volume,
price and timing under applicable laws and regulations.

The share repurchase program will be funded from existing cash on hand and
cash generated from operations. As of September 30, 2012, the Company had cash
and cash equivalents of approximately $66.7 million. The Company currently has
approximately 13.8 million shares outstanding. The Company is not obligated to
repurchase any particular amount of shares during any period and may choose to
suspend or discontinue the share repurchase program at any time.

About Asia Pacific Wire & Cable Corporation

Asia Pacific Wire & Cable Corporation is principally engaged in the
manufacture and distribution of telecommunications (copper and fiber optic)
and power cable and enameled wire products in the Asia Pacific region,
primarily in Thailand, China, Singapore and Australia. The Company
manufactures and distributes its own wire and cable products and also
distributes wire and cable products ("Distributed Products") manufactured by
its principal shareholder, Pacific Electric Wire & Cable Company, a Taiwanese
company ("PEWC"). The Company also provides project engineering services in
the supply, delivery and installation ("SDI") of power cables to certain of
its customers. For more information on the Company, visit
http://www.apwcc.com. Information on the Company's Web site or any other Web
site does not constitute a portion of this release.

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the
Company, its business, and its subsidiary companies. These forward looking
statements are often identified by the use of forward-looking terminology such
as "believes", "expects" or similar expressions. Such forward looking
statements involve known and unknown risks and uncertainties that may cause
actual results to be materially different from those described herein as
anticipated, believed, estimated or expected. Investors should not place undue
reliance on these forward-looking statements, which speak only as of the date
of this press release. The Company's actual results could differ materially
from those anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission and
available on its website http://www.sec.gov. All forward-looking statements
attributable to the Company or to persons acting on its behalf are expressly
qualified in their entirety by these factors other than as required under the
securities laws. The Company does not assume a duty to update these
forward-looking statements.

CONTACT: Company Contact:
         Asia Pacific Wire & Cable Corporation Limited
         Mr. Frank Tseng, CFO
         Phone: +886-2-2712-2558 ext. 66
         Email: frank.tseng@apwcc.com
         Web:   http://www.apwcc.com
        
         Investor Relations Contact:
         MZ Group
         Mr. Scott Powell, Senior Vice President
         Phone: +1-212-301-7130
         Email: scott.powell@mzgroup.us
         Web:   http://www.mz-ir.com
 
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