INVESTOR RELATIONS

Naim Holdings Berhad (“the Company” or “Naim”) wishes to announce that the Company’s wholly-owned subsidiary, Naim Cendera Sdn. Bhd., now known as Naim Land Sdn. Bhd. (“NLSB”) has on 10 January 2012 been served with a Writ of Summons dated 5 July 2011 from Golden Ants Dynasty Sdn. Bhd. (“the Plaintiff”) seeking for, inter alia, alleged refund of Liquidated Ascertained Damages of RM55,849.50 and additional cost allegedly incurred by the Plaintiff for additional work in the sum of RM963,411.19 arising from a letter of award dated 16 November 2007 for the execution and completion of the proposed site clearance and earthworks for the proposed affordable housing development on Lot 4710 Block 14, Salak Land District, Kuching, Sarawak.

The Plaintiff also seeking for, inter alia, interest, costs and such further relief and/or other relief as deemed fit and just.

The date of the hearing has yet to be fixed by the Court, NLSB is seeking advice from its solicitors and has instructed the said solicitors to take all necessary steps to vigorously defend NLSB against the suit.

Dated this 10 January 2012