INFORMATION ON ACQUISITION (AS REQUIRED UNDER CHAPTER Clause Samples

INFORMATION ON ACQUISITION (AS REQUIRED UNDER CHAPTER. 10 PART D 10.06(1) as per APPENDIX 10A, PART A) PART A- General information I. Particulars of assets being acquired. a) Quarry lands measuring 32.57 hectares and 5.49 hectares respectively. b) Held under titles NT113026421, NT113026430, NT113026403, NT113026396, NT113026387, NT113026350 and NT113026412 (“The Quarry lands”). c) Reserves / Resources 24,540,000 metric tonnes (MT). d) Interest acquired: 30 years lease plus 30 years. The vendors for the Earlier Sublease and sublease Agreement are Encik ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ and Cik Agnisia Duon respectively. II. Description of the business carried on III. Basis of determining the Purchase consideration a) Consideration of RM20,582,500 for the Earlier Sublease and RM80,000,000 for the sublease agreement, based on:- (i) A willing buyer and willing seller basis. (ii) The deposits of the reserve / resources of 24,540,000 MT with a valuation of the resources of RM183,599,000 for the Earlier Sublease and a valuation of the RM927,571,000 for the sub lease. The limestones reserve reports were assessed by GM Consult and the valuation by VPC Alliance (Sabah) Sdn Bhd. (iii) Substantial discount from the total value of the reserves with over 30 years production life with 30 years extension. (iv) Major player in the supply of Borneo marble to the world and as a major supplier of feed stock for the production of cement in Sabah and other high value lime based products. c) The consideration shall be settled in cash. IV. Financial Information on the Assets V. Financial Effects on share capital and substantial shareholders’ shareholdings, Net assets (“NA”) , NA per share and gearing , earnings and earnings per share. VI. Effects of transaction on disposal