On behalf of the Board of Directors of MESB, KAF Investment Bank Berhad (“KAF IB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 7 September 2017, approved the listing of and quotation for 12,600,000 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:-

(i)         MESB and KAF IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Private Placement;

(ii)        MESB and KAF IB to inform Bursa Securities upon the completion of the Proposed Private Placement; and

(iii)       MESB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.

In the event the new MESB Shares to be issued pursuant to the Proposed Private Placement will be listed and quoted as the existing securities of the same class, quotation of the new MESB Shares will commence on the next market day after the following:-

(i)         Submission of the share certificate together with a covering letter containing the summary of the Proposed Private Placement to Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”) before 10.00 a.m. on the market day prior to the listing date;

(ii)        Receipt of confirmation from Bursa Depository that the additional new MESB Shares are ready for crediting into the securities accounts of the respective account holders; and

(iii)       An announcement in accordance to paragraph 13.2 of Practice Note 28 is submitted via Bursa Link before 3.00 p.m. on the market day prior to the listing date.

MESB is required to ensure full compliance of all the requirements pertaining to the Proposed Private Placement as provided under the Listing Requirements at all times.

This announcement is dated 7 September 2017.