1. INTRODUCTION

Pursuant to Paragraph 8.23(1) and Practice Note 11/2001 of the Bursa Malaysia Securities Berhad's Main Market Listing Requirements, the Board of Sarawak Plantation Berhad (SPB) wishes to announce that the aggregate amount of financial assistance as at 31 March 2016 to facilitate the ordinary course of business of SPB Group's subsidiary was RM23,331,023-00. This is in relation to a loan to a subsidiary.

2. FINANCIAL IMPACT

Share Capital

The provision of financial assistance has no effect on the share capital and shareholding structure of SPB Group for the quarter ended 31 March 2016.

Earnings

There is no material impact on the earnings of SPB Group for the quarter ended 31 March 2016.

Net Assets (NA)

There is no material impact on the NA of SPB Group for the quarter ended 31 March 2016.

Dated this 20th May 2016.