BURSA ANNOUCEMENTS

Date : 06 September 2012

MULTIPLE PROPOSALS I-POWER BERHAD ("I-POWER" OR THE "COMPANY") I. SHARE CAPITAL REDUCTION; II. CAPITAL REDEMPTION RESERVE REDUCTION; III. SHARE PREMIUM REDUCTION; IV. SHARE CONSOLIDATION; V. ACQUISITION; VI. BONUS ISSUE; VII. EXEMPTION; VIII. OFFER FOR SALE; IX. PRIVATE PLACEMENT; X. INCREASE IN AUTHORISED SHARE CAPITAL; XI. CHANGE OF NAME; AND XII. AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

I-POWER BERHAD

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionI-POWER BERHAD ("I-POWER" OR THE "COMPANY")

I. SHARE CAPITAL REDUCTION;
II. CAPITAL REDEMPTION RESERVE REDUCTION;
III. SHARE PREMIUM REDUCTION;
IV. SHARE CONSOLIDATION;
V. ACQUISITION;
VI. BONUS ISSUE;
VII. EXEMPTION;
VIII. OFFER FOR SALE;
IX. PRIVATE PLACEMENT;
X. INCREASE IN AUTHORISED SHARE CAPITAL;
XI. CHANGE OF NAME; AND
XII. AMENDMENTS

(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Corporate Exercises dated 11 August 2011, 15 August 2011, 22 September 2011, 6 January 2012, 30 March 2012, 9 April 2012, 2 May 2012, 24 July 2012 and 26 July 2012.
We refer to the announcements made by OSK Investment Bank Berhad ("OSK"), on behalf of the Board of Directors of I-Power ("Board") on 11 August 2011, 15 August 2011, 22 September 2011, 6 January 2012, 30 March 2012, 9 April 2012, 2 May 2012, 24 July 2012 and 26 July 2012 in relation to the Corporate Exercises.
    On behalf of the Board, OSK is pleased to announce that the High Court of Malaya in Kuala Lumpur had, on 6 September 2012, granted an order confirming the Share Capital Reduction, the Capital Redemption Reserve Reduction and the Share Premium Reduction pursuant to Section 64(1) of the Companies Act, 1965. The sealed order will be extracted and an office copy of the order will be lodged with the Companies Commission of Malaysia for the Share Capital Reduction, the Capital Redemption Reserve Reduction and the Share Premium Reduction to take effect.
      The effective date of the Share Capital Reduction, the Capital Redemption Reserve Reduction and the Share Premium Reduction will be announced in due course.
        This announcement is dated 6 September 2012.

        Announcement Info

        Company NameI-POWER BERHAD (ACE Market) 
        Stock Name IPOWER    
        Date Announced6 Sept 2012  
        CategoryGeneral Announcement
        Reference NoOI-120906-61045

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