We wish to announce that pursuant to Chapter 9, Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Mulpha Strategic Limited, a wholly-owned subsidiary of Mulpha Group Services Sdn Bhd, which in turn is a wholly-owned subsidiary of MIB, has on 28 June 2016, incorporated a limited company known as AFO Assets Limited (“AFO”). As a result of the incorporation, AFO has become an indirect wholly-owned subsidiary of MIB.

AFO is a company incorporated in Labuan with a paid-up share capital of USD1.00.  The intended principal activity of AFO is leasing business. 

None of the directors or substantial shareholders of MIB or persons connected with them has any interest, direct or indirect in the aforesaid incorporation.

This announcement is dated 28 June 2016.