We wish to announce that pursuant to Chapter 9, Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Mulpha Education Group Pty Ltd, a wholly-owned subsidiary of Mulpha Australia Limited, which in turn is a wholly-owned subsidiary of MIB, had on 3 October 2014, incorporated a limited company known as iLead Training Pty Ltd (“ITPL”). The incorporation of ITPL was notified on 8 October 2014. As a result of the incorporation, ITPL has become an indirect wholly-owned subsidiary of MIB.

ITPL is a company incorporated in Australia with an authorised and paid-up share capital of A$2 respectively. ITPL was set up to be a registered training organisation.

None of the directors or substantial shareholders of MIB or persons connected with them has any interest, direct or indirect in the aforesaid incorporation.

This announcement is dated 8 October 2014.