On behalf of the Board of Directors of RCE (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that RCE proposes to undertake the following:-

1. proposed capital repayment to the Company’s shareholders of up to approximately RM98.3 million or RM0.075 for each ordinary share of RM0.10 each in RCE (“RCE Shares”) by way of a reduction of the issued and paid-up share capital of RCE under Section 64 of the Companies Act, 1965, whereby the par value of each RCE Share will be reduced from RM0.10 to RM0.025 (“Proposed Share Capital Reduction”) (“Proposed Capital Repayment”); and

    

2. proposed share consolidation involving the consolidation of every four (4) ordinary shares of RM0.025 each into one (1) ordinary share of RM0.10 each after the Proposed Share Capital Reduction (“Proposed Share Consolidation”).

(The Proposed Capital Repayment and Proposed Share Consolidation are collectively referred to as the “Proposals”).

Further details of the Proposals are set out in the attachment.

This announcement is dated 5 November 2015.