BURSA ANNOUNCEMENTS

Further to the announcement made on 2 March 2015 with respect to the letter dated 2 March 2015 from SADA to revise the water tariff rate from 2014 to 2020 in relation to the privatisation of contract on the management, operation and maintenance of water supply in Langkawi, Kedah Darul Aman, the Company wishes to announce that the Bulk Sales Rate (“BSR”) of Taliworks (Langkawi) Sdn. Bhd. (“TLSB”) have been revised as follows:

1.      From RM2.21/m³ to RM2.15/m³  for the year 2014 to 2017; and

2.      From RM2.31/m³ to RM2.24/m³  for the year 2018 to October 2020.

Arising from the revision to the BSR, the revenue of the Group will be reduced by approximately RM1.099 million in the current financial year based on the metered sales of 18.32 million m³ for the financial year ended 31 December 2014. The reduction is not expected to have any material impact on the earning per share and there will be no material impact to the net assets per share for 2015.

The revenue of the Group for the financial years ending 31 December 2016 to 2020 will also be reduced, the quantum of which will depend on the amount of metered sales made by TLSB then.

This announcement is dated 4 March 2015.