Investor Relations

KPJ Healthcare Berhad (KPJ) is one of the leading private healthcare providers in the region with a network of 29 hospitals in Malaysia, 1 hospital in Thailand, 1 hospital in Bangladesh and 4 retirement and aged care facilities in Kuala Lumpur, Sibu, Pahang and in Brisbane, Australia. With more than 3,500 operating beds, KPJ hospitals offer a comprehensive range of specialist medical services that treated more than 3 million patients in 2022.

Bursa Announcements

Acquisition by Kumpulan Perubatan (Johor) Sdn Bhd ("KPJSB"), a Wholly-owned Subsidiary of KPJ, of The Remaining 30% Equity Interest In Bukit Mertajam Specialist Hospital Sdn Bhd ("BMSHSB) Which Are Not Already Held By KPJSB From Penang Development Corporation For A Cash Consideration Of RM 4,698,000.

BackMay 20, 2010

Date Announced

20/05/2010

Type

Announcement

Subject

KPJ HEALTHCARE BERHAD (“KPJ” OR THE “COMPANY”)

ACQUISITION BY KUMPULAN PERUBATAN (JOHOR) SDN BHD (“KPJSB”), A WHOLLY-OWNED SUBSIDIARY OF KPJ, OF THE REMAINING 30% EQUITY INTEREST IN BUKIT MERTAJAM SPECIALIST HOSPITAL SDN BHD ("BMSHSB) WHICH ARE NOT ALREADY HELD BY KPJSB FROM PENANG DEVELOPMENT CORPORATION FOR A CASH CONSIDERATION OF RM 4,698,000.

Contents

This announcement is dated 20 May 2010

1. INTRODUCTION

The Board of Directors of KPJ wishes to announce that the Company's wholly-owned subsidiary, KPJSB, has on 20 May 2010 entered into a Sale and Purchase Agreement to acquire an additional 4,050,000 ordinary shares of RM 1.00 each, representing the remaining 30% equity interest in BMSHSB ("Sale Shares") which are not already held by KPJSB from Penang Development Corporation for a cash consideration of RM 4,698,000 ("Acquisition"). As a result of the Acquisition, BMSHSB will become a wholly-owned subsidiary of KPJSB.

2. DETAILS OF THE ACQUISITION

The consideration for the Sale Shares of RM 4,698,000 was arrived at on a willing buyer willing seller basis after taking into account of the net assets of BMSHSB.

The Sale Shares were acquired free from encumbrances.

The purchase consideration for the Acquisition is financed from internally generated funds of KPJ and its subsidiaries ("KPJ Group").

No liability is assumed by KPJ as a result of the above Acquisition.

3. FINANCIAL EFFECTS

The Acquisition does not have any material impact on the earnings, gearing and net assets per share of the KPJ Group for the current financial year.

The Acquisition also does not have any effect on the issued and paid-up share capital and substantial shareholders' shareholdings of KPJ.

4. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTEREST

None of the Directors and/or Substantial Shareholders of the Company and/or persons connected with such Directors or Substantial Shareholders have any interest, direct or indirect in the Acquisition.

5. APPROVAL REQUIRED

The Acquisition is not subject to the approval of shareholders and/or any regulatory authorities.

6. STATEMENT BY THE BOARD OF DIRECTORS

Having considered all aspects of the Acquisition, the Board of Directors of KPJ is of the opinion that the Acquisition is in the best interest of the future operations of KPJ.

Announcement Details :