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.

We refer to our earlier announcements dated 9 November 2015, 25 November 2015 and 29 December 2015.

On behalf of the Board of Directors of Mulpha ("Board"), RHB Investment Bank Berhad ("RHBIB") is pleased to announce that the Board had resolved to fix the issue price of the Rights Shares at RM0.50 per Rights Share pursuant to the Rights Issue, of which the first call has been fixed at RM0.25 per Rights Share ("First Call") and the second call has been fixed at RM0.25 per Rights Share ("Second Call").

The issue price of RM0.50 per Rights Share represents the par value of Mulpha Shares, and has been structured on a two (2)-call basis comprising the First Call and the Second Call. For the avoidance of doubt, Entitled Shareholders and/ or their renouncee(s) who subscribe for their respective entitlements of the Rights Shares will only be required to make cash payment for the First Call of RM0.25 per Rights Share.

The First Call of RM0.25 per Rights Share represents a discount of approximately 10.71% to the theoretical ex-rights price of Mulpha Shares of RM0.28, calculated based on the five (5)-day volume weighted average market price of Mulpha Shares as traded on Bursa Malaysia Securities Berhad up to and including 29 April 2016, being the last trading day immediately preceding the price-fixing date, of RM0.29 per Share.

This announcement is dated 3 May 2016.