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 Sanctuary Cove Pty Ltd (a wholly-owned subsidiary of Mulpha Australia Limited, which in turn is a wholly-owned subsidiary of MIB) had on 26 June 2018, incorporated the following wholly-owned subsidiaries:-

MSCI and MSCRC are companies incorporated in Australia and are currently dormant.  As a result of the incorporation, MSCI and MSCRC have become indirect wholly-owned subsidiaries of MIB.

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 27 June 2018.