Date: 21 July 2017

MULTIPLE PROPOSALS APFT BERHAD ("APFT") (I) PROPOSED CREDITORS CAPITALISATION; (II) PROPOSED DIRECTORS CAPITALISATION; AND (III) PROPOSED PRIVATE PLACEMENT (COLLECTIVELY REFERRED TO THE "PROPOSALS")


Type Announcement
Subject MULTIPLE PROPOSALS
Description APFT BERHAD ("APFT")

(I) PROPOSED CREDITORS CAPITALISATION;

(II) PROPOSED DIRECTORS CAPITALISATION; AND

(III) PROPOSED PRIVATE PLACEMENT

(COLLECTIVELY REFERRED TO THE "PROPOSALS")

We refer to the announcements made on 14 November 2016, 13 December 2016, 12 January 2017, 25 January 2017, 15 February 2017, 10 March 2017, 13 March 2017, 15 May 2017, 19 June 2017, 7 July 2017 and 13 July 2017 in relation to the Proposals ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

APFT, APFTSB and N&Y had on 21 July 2017 entered into a supplemental agreement to nominate Souren Norendra, being one of the partners of N&Y, to receive N&Y's entitlement of 9,140,000 Settlement Shares.

This announcement is dated 21 July 2017.




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