Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 30 October 2013 in relation to the Acquisition of property by the Company’s wholly-owned subsidiary company named Maha Asia Capital Sdn Bhd.

Further to the announcement made by the Company on 30 October 2013, the Board wishes to provide additional information in relation to the Acquisition as follows:-

1. The authorised share capital of MMSB is RM500,000 comprising 500,000 ordinary shares of RM1.00 each, of which 500,000 ordinary shares of RM1.00 each have been issued and fully paid-up. Its existing principal activity is investment holding.

The Directors, shareholders and their respective shareholdings in MMSB are as follows:-

2. The purchase consideration was arrived at a willing buyer-willing seller basis after taking into consideration the similar properties at the adjourned and surrounding area and after negotiation. At the point of the transaction, no valuation has been carried out on the Property.

3. The effect of the Acquisition on the gearing ratio of the Bonia Group is as follows:

Note:

Computed based on the source of funding for the Acquisition whereby 25% from internal generated funds and 75% by new borrowings

4. Some of the risk factors in relation to the Acquisition are as follows:

(a) The recent announced Budget 2014 with the property cooling measures such as real property gains tax (RPGT) hikes and cessation of developers interest bearing scheme (DIBS) might have negative impact on the property market as a whole though it ensures healthy growth of the property industry in the long run;

(b) Compulsory acquisition by the Government;

(c) Non-renewal of tenancy after expiry due to change in circumstances of the tenants;

(d) Adverse changes in national or economic conditions;

(e) Changes in relative popularity of property types and locations leading to an oversupply of space or a reduction in tenant demand for a particular type of property in a given market;

(f) Competition among property owners for tenants;

(g) Acts of God, uninsurable losses and other factors.

This announcement is dated 1 November 2013.