Malaysia Steel Manufacturer   

Additional Listing Announcement

November 9th, 2012

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
Types of corporate proposal Private Placement
Details of corporate proposal Private placement of up to 31,586,299 new ordinary shares of RM0.50 each in MASTEEL representing approximately ten percent (10%) of the issued and paid-up share capital of MASTEEL (“Placement Shares”) (“Private Placement”)
No. of shares issued under this corporate proposal 7,190,000
Issue price per share ($$) MYR 0.860
Par Value ($$) MYR 0.500
Latest issued and paid up share capital after the above corporate proposal in the following
Units 217,976,666
Currency MYR 108,988,333.000
Listing Date 12/11/2012
Remarks :