Company announcements: WILLOW, TMS, RAYA, MPAY, CIMB, DRBHCOM

WILLOW - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Ong Leong Huat @ Wong Joo Hwa

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	WILLOWGLEN MSC BERHAD
Stock Name	WILLOW
Date Announced	11 Apr 2014
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CA-140411-4EB7A

Particulars of substantial Securities Holder

Name	Tan Sri Ong Leong Huat @ Wong Joo Hwa
Address	21, Persiaran Basong, Damansara Heights, 50490 Kuala Lumpur
NRIC/Passport No/Company No.	440405-08-5313
Nationality/Country of incorporation	Malaysian
Descriptions (Class & nominal value)	Ordinary shares of RM0.10 each
Name & address of registered holder	OSK Capital Partners Sdn. Bhd. 7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	04/04/2014	100,000
Disposed	07/04/2014	290,400
Disposed	08/04/2014	861,700

Circumstances by reason of which change has occurred	Disposal of shares - Deemed interested by virtue of his substantial shareholdings via OSK Equity Holdings Sdn. Bhd. in OSK Ventures International Berhad, the holding company of OSK Capital Partners Sdn. Bhd
Nature of interest	Indirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	41,472,237
Date of notice	11/04/2014

Remarks :

The breakdown of the total no. of securities after change: 1. OSK Capital Partners Sdn. Bhd. - 30,967,737 2. OSK Venture Equities Sdn. Bhd. - 10,300,000 3. Land Management Sdn. Bhd. - 204,500

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WILLOW - Changes in Sub. S-hldr's Int. (29B) - OSK Ventures International Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	WILLOWGLEN MSC BERHAD
Stock Name	WILLOW
Date Announced	11 Apr 2014
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CA-140411-476D2

Particulars of substantial Securities Holder

Name	OSK Ventures International Berhad
Address	7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.	636117-K
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.10 each
Name & address of registered holder	OSK Capital Partners Sdn. Bhd. 7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	04/04/2014	100,000
Disposed	07/04/2014	290,400
Disposed	08/04/2014	861,700

Circumstances by reason of which change has occurred	Disposal of shares - Deemed interested by virtue of OSK Ventures International Berhad being the holding company of OSK Capital Partners Sdn. Bhd.
Nature of interest	Indirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	41,267,737
Date of notice	11/04/2014

Remarks :

The breakdown of the total no. of securities after change: 1. OSK Capital Partners Sdn. Bhd. - 30,967,737 2. OSK Venture Equities Sdn. Bhd. - 10,300,000

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WILLOW - Changes in Sub. S-hldr's Int. (29B) - OSK Equity Holdings Sdn. Bhd.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	WILLOWGLEN MSC BERHAD
Stock Name	WILLOW
Date Announced	11 Apr 2014
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CA-140411-4282E

Particulars of substantial Securities Holder

Name	OSK Equity Holdings Sdn. Bhd.
Address	7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.	1030788-T
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.10 each
Name & address of registered holder	OSK Capital Partners Sdn. Bhd. 7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	04/04/2014	100,000
Disposed	07/04/2014	290,400
Disposed	08/04/2014	861,700

Circumstances by reason of which change has occurred	Disposal of shares - Deemed interested by virtue of OSK Equity Holdings Sdn. Bhd.'s substantial shareholdings in OSK Ventures International Berhad, the holding company of OSK Capital Partners Sdn. Bhd.
Nature of interest	Indirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	41,267,737
Date of notice	11/04/2014

Remarks :

The breakdown of the total no. of securities after change: 1. OSK Capital Partners Sdn. Bhd. - 30,967,737 2. OSK Venture Equities Sdn. Bhd. - 10,300,000

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WILLOW - Changes in Sub. S-hldr's Int. (29B) - OSK Capital Partners Sdn. Bhd.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	WILLOWGLEN MSC BERHAD
Stock Name	WILLOW
Date Announced	11 Apr 2014
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CA-140411-62645

Particulars of substantial Securities Holder

Name	OSK Capital Partners Sdn. Bhd.
Address	7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.	682948-W
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.10 each
Name & address of registered holder	OSK Capital Partners Sdn. Bhd. 7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	04/04/2014	100,000
Disposed	07/04/2014	290,400
Disposed	08/04/2014	861,700

Circumstances by reason of which change has occurred	Disposal of shares
Nature of interest	Direct
Direct (units)
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	30,967,737
Date of notice	11/04/2014

Remarks :

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TMS - Change in Audit Committee

Announcement Type: Change in Audit Committee

Company Name	THE MEDIA SHOPPE BERHAD (ACE Market)
Stock Name	TMS
Date Announced	11 Apr 2014
Category	Change in Audit Committee
Reference No	CA-140410-68658

Date of change	13/03/2014
Name	Lim Boon Hong
Age	44
Nationality	Malaysian
Type of change	Resignation
Designation	Member of Audit Committee
Directorate	Independent & Non Executive
Qualifications	Mr Lim graduated with a degree in Business Administration majoring in Actuarial Science from University of Nebraska- Lincoln.
Working experience and occupation	Mr Lim started his career as a management trainee with AMInvestment Bank (formerly known as Arab Malaysian Merchant Bank) in 1992 and subsequently joined Hong Leong Investment Bank (formerly known as Zalik Securities Sdn. Bhd.) as research analyst. In 1998, he ventured into own business, which mainly involved in trading of Technology and LCD product. He joined Green Packet Berhad as Special Assistant to Group Managing Director / CEO in 2006, till present.
Directorship of public companies (if any)	Ingenuity Consolidated Berhad
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Nil
Composition of Audit Committee (Name and Directorate of members after change)	Lai Soon Yip - Chairman (Independent Non-Executive Director) Dato' Chairil Nazri Bin Ahmad - Member (Independent Non-Executive Director) Tan Ooi Jin - Member (Independent Non-Executive Director)

Remarks :

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RAYA - TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) \u2013 NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement

Company Name	RAYA INTERNATIONAL BERHAD (ACE Market)
Stock Name	RAYA
Date Announced	11 Apr 2014
Category	General Announcement
Reference No	CS-140411-66035

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	NS-140410-33535
Subject	TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) – NON RELATED PARTY TRANSACTIONS
Description	Raya International Berhad (formerly known as Envair Holding Berhad) (“Raya” or “the Company”) - Acquisition of a Company (Proposed Acquisition
Query Letter Contents	We refer to your announcement dated 9 April 2014 in respect of the above captioned matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release :- 1. The issue price of the new ordianry shares in Raya International Berhad to be issued as consideration for the Proposed Acquisition ("Consideration Shares") and the basis of determining the issue price and the justification for the pricing of the Consideration Shares. 2. The weighted average market price of the equity share capital for the 5 market days before the date on which the terms of the Propsoed Acquisition were agreed upon. 3. The net assets and net profit of Voyager Line Communications Sdn Bhd. ("Voyager") based on its latest audited or unaudited accounts. 4. The effects of the Proposed Acquisition on the earnings per share, net assets per share, gearing, share capital and substantial shareholders' shareholdings of Raya Interntional Berhad. 5. The salient features of the Share Sale Agreement and the time and place where such documents may be inspected. 6. The basis of arriving at the purchase consideration, other than on a “willing buyer willing seller” basis. If it was based on net assets, the year the net assets were taken into consideration, quantifying the net assets and stating whether it was based on audited financial statements; 7. The ranking of the Consideration Shares. 8. Whether listing will be sought for the Consideration Shares. 9. The estimated time frame for submission of the application to the relevant authorities. ...2/- RAYA INTERNATIONAL BERHAD ACQUISITION OF A COMPANY ("PROPOSED ACQUISITION") 10. The prospects of Voyager. 11. The risks in relation to the Proposed Acquisition including risk factors of Voyager. 12. The estimated time frame to complete the Proposed Acquisition. Kindly furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully TAN YEW ENG Vice President, Issuers Listing Division Regulation TYE/NZ c.c:- General Manager & Head, Market Surveillance Department, Market Oversight Division, Securities Commission (via fax)
We refer to the announcement dated 9 April 2014 in relation to the Proposed Acquisition of Voyager Line Communications Sdn Bhd, the Company wishes to announce additional information as per attachment. This announcement is dated 11 April 2014

Attachments Additional Information -Announcement on Proposed Acquisition.pdf 149 KB

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MPAY - Notice of Person Ceasing (29C) - Chan Wah Kiang

Announcement Type: Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965

Company Name	MANAGEPAY SYSTEMS BERHAD (ACE Market)
Stock Name	MPAY
Date Announced	11 Apr 2014
Category	Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Reference No	CC-140410-65908

Particulars of substantial Securities Holder

Name	Chan Wah Kiang
Address	No. 6, Jalan PPU 3, Taman Perindustrian Puchong Utama, 47100 Puchong, Selangor Darul Ehsan, Malaysia
NRIC/Passport No/Company No.	591024-01-5811
Nationality/Country of incorporation	Malaysian
Descriptions (Class & nominal value)	Ordinary Shares of RM0.10 each
Date of cessation	09/04/2014
Name & address of registered holder	Chan Wah Kiang of No. 6, Jalan PPU 3, Taman Perindustrian Puchong Utama, 47100 Puchong, Selangor Darul Ehsan, Malaysia
Currency	Malaysian Ringgit (MYR)
Number of securities disposed	15,000,000
Price Transacted ($$)	0.290
Circumstances by reason of which a person ceases to be a substantial securities Holder	Marriage deal and off market sale
Nature of interest	Direct
Date of notice	11/04/2014

Remarks :

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CIMB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement

Company Name	CIMB GROUP HOLDINGS BERHAD
Stock Name	CIMB
Date Announced	11 Apr 2014
Category	General Announcement
Reference No	CG-140411-57558

Type	Announcement
Subject	DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD
Description	Pursuant to Paragraph 14.09 of the Bursa Securities Main Market Listing Requirements, CIMB Group wishes to notify Bursa Securities that the Company had on 11 April 2014 received notification from Encik Effendy Shahul Hamid in relation to the disposal of shares of the Company. Details of the disposal are as follows:
Name Transaction Date Price Per Share No. of Shares % of Issued Share Capital Effendy Shahul Hamid 10 April 2014 7.44 28,000 0.0003 This announcement is dated 11 April 2014. c.c. Securities Commission

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CIMB - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group Inc (MUFG)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	CIMB GROUP HOLDINGS BERHAD
Stock Name	CIMB
Date Announced	11 Apr 2014
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CG-140411-29ED1

Particulars of substantial Securities Holder

Name	Mitsubishi UFJ Financial Group Inc (MUFG)
Address	7-1, Marunouchi 2-Chome Chiyoda-ku, Tokyo 100-8330, Japan
NRIC/Passport No/Company No.	NIL
Nationality/Country of incorporation	Japan
Descriptions (Class & nominal value)	Ordinary Shares of RM1.00 each
Name & address of registered holder	1. Aberdeen Asset Management PLC ("Aberdeen") and its subsidiaries 10 Queen's Terrace Aberdeen, AB10 1YG Scotland 2. The Bank of Tokyo-Mitsubishi UFJ, Ltd.("BTMU") 7-1, Marunouchi 2-Chome Chiyoda-ku, Tokyo 100-8330, Japan 3. Mitsubishi UFJ Asset Management Co., Ltd ("MUAM") 4-5, Marunouchi 1-Chome Chiyoda-ku, Tokyo 100-8212, Japan 4. KOKUSAI Asset Management Co., Ltd ("KOKUSAI") 1-1, Marunouchi 3-Chome Chiyoda-ku, Tokyo 100-0005, Japan 5. Mitsubishi UFJ Trust and Banking Corporation ("MUTB") 4-5, Marunouchi 1-Chome Chiyoda-ku, Tokyo 100-8212, Japan 6. Morgan Stanley Investment Management Inc. 1585 Broadway, New York, NY 10036 7. Morgan Stanley Investment Management Company #16-01 Capital Square 23 Church Street Singapore 049481 8. Morgan Stanley & Co. International plc 25 Cabot Square, Canary Wharf London E14 4QA United Kingdom 9. Fundlogic SAS 61 rue de Monceau Paris 75008, France 10. AMP Capital Holdings Limited ("AMP") and its subsidiaries Level 24 AMP Sydney Cove Building 33 Alfred Street Sydney NSW 2000, Australia

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	07/04/2014	803,700

Circumstances by reason of which change has occurred	- Sale by Morgan Stanley Group MUFG is deemed interested in the shares by virtue of:- 1. MUFG's wholly-owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, holding more than 15% in Aberdeen Asset Management PLC. 2. The Bank of Tokyo-Mitsubishi UFJ Ltd., being MUFG's wholly-owned subsidiary. 3. Mitsubishi UFJ Asset Management Co., Ltd., being MUFG's wholly-owned subsidiary. 4. MUFG's wholly-owned subsidiary, Mitsubishi UFJ Securities Co., Ltd., holding more than 15% in KOKUSAI Asset Management Co., Ltd. 5. Mitsubishi UFJ Trust & Banking Corp, being MUFG's wholly owned subsidiary 6-9. MUFG's holding more than 15% interest in shares of Morgan Stanley Group. 10. MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, Holding 15% in AMP.
Nature of interest	Indirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)	752,071,761
Indirect/deemed interest (%)	9.14
Total no of securities after change	752,071,761
Date of notice	10/04/2014

Remarks :

Notice received on 11 April 2014. c.c. Securities Commission.

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DRBHCOM - OTHERS DRB-HICOM BERHAD (“DRB-HICOM” OR “COMPANY”) PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN SISTEM SEWA KERETA MALAYSIA SDN BHD (“SSKM”) BY EDARAN OTOMOBIL NASIONAL BERHAD (“EON”)

Announcement Type: General Announcement

Company Name	DRB-HICOM BERHAD
Stock Name	DRBHCOM
Date Announced	11 Apr 2014
Category	General Announcement
Reference No	DD-140411-42717

Type	Announcement
Subject	OTHERS
Description	DRB-HICOM BERHAD (“DRB-HICOM” OR “COMPANY”) PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN SISTEM SEWA KERETA MALAYSIA SDN BHD (“SSKM”) BY EDARAN OTOMOBIL NASIONAL BERHAD (“EON”)
1. INTRODUCTION Pursuant to Paragraph 9.19(23) and 10.05 of the Bursa Malaysia Securities Berhad’s Main Market Listing Requirements (“Listing Requirements”), DRB-HICOM Berhad (“DRB-HICOM”) wishes to announce that its effectively wholly-owned subsidiary company, EON, has on 11 April 2014 entered into a conditional share sale agreement (“SSA”) with Melewar Leisure Sdn Bhd (“MLSB”) and Avis Investment Services Limited (“AVIS”) (collectively referred to as “Vendors”) for the proposed acquisition of 3,423,055 ordinary shares of RM1.00 each (“SSKM Share”) representing 100% equity interest in SSKM (“Sale Shares”) for a total cash consideration of RM5,500,000 (“Proposed Acquisition”). 2. INFORMATION ON SSKM SSKM was incorporated in Malaysia on 18 September 1972 as a private limited company under the name of Orient Rent A Car Sdn Bhd. It assumed its current name on 12 June 1974 and is principally engaged in the business of vehicle rental. The authorised share capital of SSKM is RM5,000,000 comprising 5,000,000 SSKM Shares. Its issued and paid-up share capital is RM2,000,000 comprising 2,000,000 SSKM Shares. The current shareholding structure of SSKM is as follows: Shareholder No. of SSKM Shares % of shareholding MLSB 1,500,000 75% AVIS 500,000 25% Total 2,000,000 100% 3. INFORMATION ON AVIS AVIS was incorporated on 7 November 1986 in England as a private limited company. It is principally engaged in the business of serving as a holding company for investments. The authorised share capital of AVIS is fully issued and allotted comprising 60,486,363 ordinary shares with nominal value of 1.00 per share. 4. INFORMATION ON MLSB MLSB was incorporated on 8 February 1974 in Malaysia as a private limited company and is principally engaged in the business of investment holding. The authorised share capital of MLSB is RM100,000,000 comprising 100,000,000 ordinary shares of RM1.00 each. Its issued and paid-up share capital is RM51,000,000 comprising 51,000,000 ordinary shares of RM1.00 each. 5. INFORMATION ON EON EON was incorporated on 16 May 1984 in Malaysia as a public limited company and is principally engaged in the business of marketing and servicing of motor vehicles. The authorised share capital of EON is RM1,000,000,000 comprising 1,000,000,000 ordinary shares of RM1.00 each. Its issued and paid-up share capital is RM168,164,209 comprising 168,164,209 ordinary shares of RM1.00 each. 6. DETAILS OF THE PROPOSED ACQUISITION The Proposed Acquisition entails the acquisition of the Sale Shares by EON from the Vendors for a total cash consideration of RM5,500,000. 6.1 Purchase Consideration The total consideration of RM5,500,000 (“Purchase Consideration”) was arrived at on a willing buyer-willing seller basis after taking into consideration SSKM’s audited profit after taxation for the financial year ended 31 December 2012 of approximately RM0.395 million, its audited net assets as at 31 December 2012 of approximately RM1.665 million, its potential future earnings and the proposed capitalisation of the amount owing to MLSB as at 28 February 2014 of RM1,423,055 (“Proposed MLSB Debt Capitalisation”). Taking into consideration the Proposed MLSB Debt Capitalisation, the breakdown of the Purchase Consideration payable to the Vendors is as follows: Vendor Number of SSKM Shares Amount payable (RM) MLSB 2,923,055 4,480,763.75 AVIS 500,000 1,019,236.25 Total 3,423,055 5,500,000.00 6.2 Salient terms of the SSA 6.2.1 Agreement to sell the Sale Shares The Vendors agree to sell and EON agrees to purchase the Sale Shares free from any and all encumbrances together with all rights now or hereafter attaching thereto, including without limitation all liabilities and dividends and other distributions declared or made in respect of the Sale Shares. 6.2.2 Conditions Precedent The SSA is conditional upon fulfilment of the following conditions precedent within three (3) months (or such other period as mutually agreed) from the date of the SSA: i) SSKM entering into a license/franchise agreement with Avis Asia Limited in the mutually agreed form; ii) Written approvals from the financiers of SSKM on the change of its shareholders upon completion of the Proposed Acquisition; and iii) Upon fulfilment of the conditions set out in Paragraph 6.2.2(i) and (ii), SSKM is to undertake the Proposed MLSB Debt Capitalisation where 1,423,055 new SSKM Shares are to be issued and credited as fully paid-up. 6.2.3 Completion Completion shall take place within five (5) business days of the fulfilment of the last condition precedent set out under Paragraph 6.2.2(iii). 7. EFFECTS OF THE PROPOSED ACQUISITION 7.1 Share capital and substantial shareholders’ shareholdings The Proposed Acquisition will not have any effect on the share capital and substantial shareholders’ shareholdings of DRB-HICOM. 7.2 Net assets The Proposed Acquisition will not have any material effect on the net assets of the DRB-HICOM Group. 7.3 Earnings The Proposed Acquisition is not expected to have any material impact on the earnings of the DRB-HICOM Group for the financial year ending 31 March 2015. Barring unforeseen circumstances, it is expected to contribute positively to the future earnings of the DRB-HICOM Group. 7.4 Gearing The Proposed Acquisition will be funded via EON’s internally generated funds. As such, the Proposed Acquisition is not expected to have any effect on the gearing of the DRB-HICOM Group. 8. RATIONALE FOR THE PROPOSED ACQUISITION The Proposed Acquisition provides an opportunity for the DRB-HICOM Group to diversify into the vehicle rental business which can complement the vehicle leasing business currently undertaken under DRB-HICOM Leasing Sdn Bhd. In addition, the DRB-HICOM Group can also leverage on SSKM’s existing branches network, infrastructure, customer base and the Avis brand to further create synergies between SSKM and the other relevant businesses in the DRB-HICOM Group. 9. APPROVALS REQUIRED The Proposed Acquisition does not require approval from the shareholders of DRB-HICOM or any other relevant authorities. 10. ESTIMATED TIMEFRAME FOR COMPLETION The Proposed Acquisition is expected to be completed by the second (2nd) quarter of 2014. 11. INTERESTS OF DIRECTORS, SUBSTANTIAL SHAREHOLDERS AND PERSONS CONNECTED None of the Directors, major shareholders and/or persons connected with them has any interest, direct or indirect, in the Proposed Acquisition. 12. DIRECTORS’ STATEMENT The Board of Directors of DRB-HICOM is of the opinion that the Proposed Acquisition is in the best interest of DRB-HICOM. 13. DOCUMENT FOR INSPECTION The SSA is available for inspection at the registered office of DRB-HICOM at Level 5, Wisma DRB-HICOM, No. 2 Jalan Usahawan U1/8, Seksyen U1, 40150 Shah Alam, Selangor Darul Ehsan during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 11 April 2014.

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