The Board of Directors of Bonia Corporation Berhad (the "Company" or "Bonia") wishes to announce that Banyan Sutera Sdn Bhd, a wholly-owned subsidiary of Bonia had on 18 August 2011 incorporated a wholly-owned subsidiary company known as PT BANYAN CEMERLANG in the Republic of Indonesia.

The authorised share capital of PT BANYAN CEMERLANG is Rp8,487,000,000 or equivalent to USD1,000,000.00 divided into 1,000 shares of Rp8,487,000 each or equivalent to USD1,000.00 each, of which Rp2,121,750,000 or equivalent to USD250,000.00 have been fully paid-up. The principal activity of PT BANYAN CEMERLANG is that of wholesaling of fashionable goods and accessories.  

The incorporation of PT BANYAN CEMERLANG has no material effect on the earnings per share, net tangible assets per share, share capital and the substantial shareholdings of the Company for the financial year ending 30 June 2012.

None of the Directors and major shareholders or persons connected to the Directors or major shareholders of the Company and its subsidiaries have any interest, direct or indirect, in the incorporation of PT BANYAN CEMERLANG.

This announcement is dated 27 September 2011.