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 28 August 2017, incorporated a limited company known as Mulpha Finance Holdings Pty Ltd (“MFH”). As a result of the incorporation, MFH has become an indirect wholly-owned subsidiary of MIB.

MFH is a company incorporated in Australia with a paid-up share capital of A$2.00.  MFH is currently dormant and its intended principal activity is investment holding.

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 29 August 2017.