INVESTOR RELATIONS

1. Introduction

The Company’s announcement made on 3 October 2007 in relation to the issuance of the Islamic Commercial Papers refers.

The Board of Directors of the Company wishes to announce that the Company had on 31 March 2014 redeemed all the Outstanding Bonds amounting to RM150 million in full prior to the respective maturity dates of the Bonds (“Maturity Dates”) including interest accrued thereon (“Early Redemption”) and cancelled the Islamic Securities Programmes (“Cancellation of the Islamic Securities Programmes”) 

2.   Rationale

The rationale for the Early Redemption of the Bonds and the Cancellation of the Islamic Securities Programmes are as follows:

a) To reprofile the Company’s borrowing to better suit the Company’s cash flow; and

b) To free the Company from complying with overly restrictive debt covenants and provide the Company with financial flexibility to pursue its growth aspirations.

3.  Source of Funding

The Early Redemption is funded by internally generated funds.

4.  Effects of the Early Redemption and the Cancellation of the Islamic Securities Programmes

The Early Redemption and the Cancellation of the Islamic Securities Programmes will not have any effect on the issued and paid-up share capital of the Company as well as its substantial shareholders’ shareholdings.  The Early Redemption is not expected to have a material effect on the earnings and net assets of the Company for the financial year ending 31 December 2014.

5.    Approvals Required

 The Early Redemption and the Cancellation of the Islamic Securities Programmes do not require any approval from the shareholders of the Company. 

6. Directors and Major Shareholders’ Interest

 None of the directors and/or major shareholders and/or person connection with a director and/or major shareholders of the Company has any interest, direct or indirect in the Early Redemption and the Cancellation of the Islamic Securities Programmes.

 7. Statement by Board of Directors 

The Board of Directors of the Company, having considered all aspects of the Early Redemption and Islamic Securities Programmes is of the opinion that the Early Redemption and the Cancellation of the Islamic Securities Programmes  are in the best interest of the Company.

This announcement is dated 1^st day of April 2014.