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 Australia Limited, a wholly-owned subsidiary of MIB, has on 5 May 2015, acquired 800,101 ordinary shares, representing 100% of the total issued and paid-up share capital of MAL Hayman Pty Ltd (“MAL Hayman”) from  Aveo Group Limited for a total consideration of A$1.00.  As a result of the acquisition, MAL Hayman has become an indirect wholly-owned subsidiary of MIB.

MAL Hayman was incorporated in Australia on 17 July 2013 with an issued and paid-up share capital of A$1.00. The principal activity of MAL Hayman is the management of construction contract refurbishments.

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

This announcement is dated 6 May 2015.