The Board of Directors of KPJ ("Board") wishes to announce that KPJSB has entered into a conditional Share Sale Agreement ("Conditional SSA") with Aureos South-East Asia Fund L.L.C ("ASEA") and GSB Private Funds ("GSB") on even date to acquire from ASEA and GSB (collectively "Vendors") of their entire equity holding in VPCL of 8,000,000 preference shares ("Sale Shares") for a total cash consideration of THB605,615,991 ("Purchase Consideration") equivalent to RM60,529,200. Out of the total Sale Shares, KPJSB shall acquire 5,333,333 preference shares from ASEA and another 2,666,667 preference shares from GSB.
This announcement is dated 23 November 2012