On behalf of the Board of Directors of KPJ, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:-

(i)       proposed establishment of an employees’ share option scheme of up to 10.0% of the enlarged issued and paid-up share capital of KPJ, to be granted to eligible directors and employees of KPJ and its subsidiaries (“KPJ Group”), which are not dormant;

(ii)       proposed restricted issue via Section 132D of the Companies Act, 1965 of up to 28,000,000 new ordinary shares of RM0.50 each in KPJ, representing approximately 2.5% of the issued and paid-up share capital of KPJ, to selected resident consultants of KPJ Group; and

(iii)        proposed amendment to the Articles of Association of KPJ.

Further details of the Proposals are set out in the attachment below.

This announcement is dated 21 October 2014.