(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as defined in the offer document relating to the Offer dated 23 July 2015 (“Offer Document”) which sets out the details, terms and condition of the Offer.)

We refer to the Company’s announcements dated 14 May 2015, 17 June 2015, 2 July 2015, 7 July 2015, 23 July 2015 and 24 July 2015 in relation to the Offer.

On behalf of Dayang, Maybank IB wishes to announce that the level of acceptances as at 5.00 p.m. (Malaysian time) on 11 August 2015 is as follows:

(i) PPB Shares

Notes:

(1) Computed based on 748,488,501 issued and paid-up PPB Shares as at 11 August 2015.

(2) Includes valid acceptance in respect of 50,000 PPB Shares received by the Offeror from Mr. Chia Chu Fatt, being the PAC.

(ii) PPB Warrants

Note:        

(1) Computed based on 30,627,597 outstanding PPB Warrants as at the 11 August 2015.

As set out above, as at 5.00 p.m. (Malaysian time) on 11 August 2015, the 620,296,969 PPB Shares held by the Offeror represents 82.87% of the issued and paid-up share capital of PPB. Accordingly, PPB does not comply with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Listing Requirements which stipulates that a listed issuer must ensure that at least 25% of its total listed shares are in the hands of public shareholders.

As set out in Section 5 of the Offer Document, the Offeror intends to maintain the listing status of PPB on the Main Market of Bursa Securities. In view that the level of acceptances received under the Offer has resulted in the public shareholding spread of PPB being less than 25%, the Offeror will explore various options or proposals to rectify the public shareholding spread of PPB or procure PPB to explore all possible options to rectify the public shareholding spread of PPB within 3 months from the Closing Date or such extended timeframe as allowed by the relevant authorities to maintain the listing status of PPB on Bursa Securities.

This announcement is dated 12 August 2015.