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 Finance Holdings Pty Ltd, a wholly-owned subsidiary of Mulpha Australia Limited, which in turn is a wholly-owned subsidiary of MIB, had on 29 August 2017, incorporated a limited company known as Multiple Capital Pty Ltd (“MCPL”). As a result of the incorporation, MCPL has become an indirect subsidiary of MIB.

MCPL is a company incorporated in Australia with a paid-up share capital of A$100.00.  Mulpha Finance Holdings Pty Ltd holds 80 ordinary shares, which represents 80% of the total issued and paid-up share capital of MCPL. The intended principal activity of MCPL is to operate a multi-fund real estate loans management business.

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 30 August 2017.