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 29 June 2018, incorporated a limited company known as Mulpha HTMI Australia Pty Ltd (“MHA”). As a result of the incorporation, MHA has become an indirect wholly-owned subsidiary of MIB.

MHA is a company incorporated in Australia with a paid-up share capital of A$2.00.  MHA is currently dormant and its intended principal activity is to provide education courses.

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 2 July 2018.