We refer to our announcements dated 16 November 2018 and 6 December 2018 in relation to the above matter. 

We wish to announce that the Dividend-In-Specie has been completed today, following the crediting of a total number of 89,884,299 Mudajaya Shares into the central depository system (“CDS”) accounts of the entitled shareholders of Mulpha and the payment of cash dividend, where:

(a)   entitled shareholders of Mulpha who hold less than 354 Mulpha Shares, have received cash of RM0.38 per Mudajaya Share in lieu of the actual number of Mudajaya Shares that they would otherwise be entitled to receive under the Dividend-In-Specie; and

(b)   entitled Shareholders who have not deposited their Mulpha Shares into CDS accounts as at the entitlement date, have also received cash in lieu of the actual number of Mudajaya Shares that they would otherwise be entitled to receive under the Dividend-In-Specie.

Following the completion of the Dividend-in-Specie, Mulpha now holds 0.08% equity interest in Mudajaya, as the entitled shareholders’ fractional entitlements to the dividend shares were disregarded.  Consequently Mulpha has ceased to be a substantial shareholder of Mudajaya.  Mulpha has intention to dispose of its 0.08% equity interest in Mudajaya at the opportune time.

This announcement is dated 18 January 2019.