INVESTOR RELATIONS

1) Introduction

 Naim Holdings Berhad ("NAIM") is pleased to announce that its wholly owned subsidiary, Naim Engineering Sdn. Bhd. (formerly known as NCSB Engineering Sdn. Bhd.) (“NESB”) has entered into a Memorandum of Understanding ("MOU") on 30 June 2011 with Universiti Putra Malaysia (“UPM”) for the purpose of undertaking research and development for the Industrial Building System (“IBS”)

2) Funding of the IBS research

 NESB shall provide the first endowment in the sum of RM500,000 as a start for the IBS research and development cooperation.  UPM and NAIM agree that all the result from the research and development work and the intellectual proprietary rights of the work shall be owned by UPM and NAIM subject to an agreement on the percentage of such co-ownership and commercial method which agreement shall be executed by both parties at a later stage.

3) Effect of the MOU

 The MOU is not binding against the parties.

 4) Duration of the MOU

 The MOU shall be valid for at least 5 years. However, both parties have the right to terminate the MOU by giving at least 6 months’ written notice.

5) Directors’ and Major Shareholders’ interest 

Save for Professor Dato’ Abang Abdullah Bin Abang Mohamad Alli, who is the lecturer of Faculty of Engineering, Universiti Putra Malaysia, none of the directors or major shareholders of the Company or persons connected to them has any interest, direct or indirect, in the said MOU.

Dated this 30th day of June 2011.