Sarawak Plantation Berhad (SPB) wishes to announce that SPB Pelita Wak Pakan Sdn. Bhd. (SPWKSB) (Company No. 836414-W), a subsidiary of SPB, had on 26 February 2015 held an Extraordinary General Meeting at which it was resolved that SPWKSB be wound up voluntarily pursuant to Section 254(1)(b) of the Companies Act 1965.

SPWKSB was incorporated in Malaysia on 23 October 2008. It has an authorised capital of RM100,000-00 divided into 100,000 ordinary shares of RM1-00 each. The total issued capital of SPWKSB stands at 2 shares of RM1-00 each and the paid up capital of RM2-00. The principal nature of business carried on by SPWKSB was that of oil palm cultivation. SPWKSB is dormant.

Mr Teo Kin Mia of Messrs. Moore Stephens TNT has been appointed as the Liquidator for the purpose of the voluntary winding up of SPWKSB.

The voluntary winding up of SPWKSB is not expected to have any material effect on the share capital, net assets per share, gearing and earnings per share of SPB for the financial year ending 31 December 2015.

None of the Directors and / or major shareholders of the SPB and / or persons connected with them have any interest, direct or indirect, in the voluntary winding up.

The Directors of SPB, having taken into consideration all aspects of the voluntary winding up proceedings, is of the opinion that the voluntary winding up proceedings is in the best interest of SPB.

This announcement is dated 26 February 2015.