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 Australia Limited, a wholly-owned subsidiary of MIB, had on 14 September 2016, incorporated a limited company known as Cairns Esplanade Operations Pty Ltd (“CEOPL”). The incorporation of CEOPL was notified on 21 September 2016. As a result of the incorporation, CEOPL has become an indirect wholly-owned subsidiary of MIB.

CEOPL is a company incorporated in Australia with a paid-up share capital of A$1.00.  CEOPL is currently dormant.  

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 21 September 2016.