MULTIPLE PROPOSALS NOVA MSC BERHAD (NOVAMSC OR THE COMPANY) I. PROPOSED ACQUISITION; AND II. PROPOSED PRIVATE PLACEMENT (COLLECTIVELY TO BE REFERRED TO AS THE “PROPOSALS”)

NOVA MSC BERHAD
17 Mar 2016

We refer to our earlier announcements dated 18 January 2016 and 5 February 2016 (“Announcements“). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, RHBIB wishes to announce that Bursa Securities had vide its letter dated 17 March 2016 approved the listing of and quotation for NOVAMSC Shares to be issued pursuant to the Proposals as follows:

1. 45,454,545 new NOVAMSC Shares to be issued pursuant to the Proposed Acquisition on the ACE Market of Bursa Securities; and
2. up to 155,022,635 new NOVAMSC Shares to be issued pursuant to the Proposed Private Placement on the ACE Market of Bursa Securities.

The approval by Bursa Securities for the listing of and quotation for the new NOVAMSC Shares for the Proposals above are subject to the following conditions:

1. NOVAMSC and RHBIB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals;
2. NOVAMSC and RHBIB to inform Bursa Securities upon the completion of the Proposals;
3. NOVAMSC to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Acquisition and Proposed Private Placement are completed; and
4. Certified true copy of the resolutions passed by the shareholders in a general meeting approving the Proposals.

This announcement is dated 17 March 2016.