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 Capital Holdings Sdn Bhd, a wholly-owned subsidiary of MIB, had on 25 October 2018, incorporated a private company limited by shares known as Mulpha Investments (S) Pte. Ltd. (“MIS”). As a result of the incorporation, MIS has become an indirect wholly-owned subsidiary of MIB.

MIS is a company incorporated in Singapore with a paid-up share capital of S$1.00.  The intended principal activities of MIS are investment holding and provision of corporate services.

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 26 October 2018.