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, had on 17 October 2016, incorporated a limited company known as Mulpha Finance Pty Ltd (“MFPL”). As a result of the incorporation, MFPL has become an indirect wholly-owned subsidiary of MIB.

MFPL is a company incorporated in Australia with a paid-up share capital of A$1.00.  MFPL is currently dormant.  

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 18 October 2016.