(I)  PROPOSED SHARE SPLIT; AND

(II) PROPOSED BONUS ISSUE OF WARRANTS

(COLLECTIVELY, THE “PROPOSALS”)

We refer to the Company’s announcements dated 19 October 2017, 27 October 2017 and 3 November 2017 in relation to the Proposals, and 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 20 November 2017, approved the following:-

(i)    the Proposed Share Split;

(ii)   the admission to the Official List and listing and quotation of 40,950,000 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and

(iii)  the listing and quotation of 40,950,000 Shares to be issued arising from the exercise of the Warrants.

The approval granted by Bursa Securities for the Proposed Share Split and Proposed Bonus Issue of Warrants is subject to the following conditions:-

(a)   MESB or KAF IB is required to make the relevant announcements pursuant to Paragraph 13.10(2) of the Main Market Listing Requirements (“LR”);

(b)   MESB and KAF IB must fully comply with the relevant provisions under the LR pertaining to the implementation of the Proposed Bonus Issue of Warrants;

(c)   MESB and KAF IB to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Warrants;

(d)   MESB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue of  Warrants is completed; and

(e)   MESB to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable.

MESB is also required to ensure full compliance of all the requirements as provided under the LR at all times.

This announcement is dated 20 November 2017