Sale of portion of interest in PUCF

9 September 2014

Resource Holding Management Limited

("RHM" or the "Company")

Sale of interest in PUC Founder (MSC) Berhad ("PUCF"), update on PUCF proposed private placement of new issued securities (the "Private Placement"), and results of PUCF general meeting

The Board of RHM announces that the Company has sold a 1.75 per cent. interest in PUCF (the "Transaction"). The Transaction constituted a disposal of 15,218,000 ordinary shares of RM0.10 each in PUCF ("PUCF Shares") on the Bursa Malaysia's ACE Market and took place in two tranches on 3 September 2014 (11,218,000 PUCF Shares) and 4 September 2014 (4,000,000 PUCF Shares). The total proceeds of the Transaction for RHM were RM3,451,870 (approximately GBP 671,000).

As a result of the Transaction, RHM now holds 512,721,106 shares in PUCF, representing 59.09 per cent. of PUCF's current issued share capital of 867,756,250 shares.

The Company intends to use the net cash proceeds from the disposal for general working capital purposes.

Details of the disposal have been announced by PUCF at the link below.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1734973

Update on the PUCF proposed Private Placement

Following the Company's announcement on RNS of 15 August 2014, 'Announcement by PUC Founder (MSC) Berhad', RHM notes that PUCF is in the process of issuing a total of up to 84,503,000 PUCF Shares of RM0.10 each ("PUCF Placement Shares") as part of a proposed Private Placement. The above figure of 84,503,000 represents approximately 10% of the issued and paid-up share capital of PUCF as before any issue of any PUCF Placement Shares.

In connection with this proposed Private Placement, a first tranche of 22,720,000 new PUCF Placement Shares was listed on the Bursa Malaysia's ACE Market on 28 August 2014. These PUCF Placement Shares were issued at a price of RM0.22 per share. The price per share for a proposed second tranche of 24,878,000 PUCF Placement Shares was fixed by PUCF on 3 September 2014 at RM0.205. Following the issue of the second tranche of PUCF Placement Shares, PUCF's issued share capital will consist of 892,634,250 shares, thereby reducing RHM's holding in PUCF to 57.44%.

Results of PUCF general meeting

The Company notes that, following the extraordinary general meeting of PUCF held at09:30 am Malaysia time on 8 September 2014 at Westin II, The Westin Kuala Lumpur, 199 Jalan Bukit Bintang, 55100 Kuala Lumpur (the "PUCF EGM"), the Board of Directors of PUCF announced to the Bursa Malaysia that all the ordinary resolutions as set out in the notice of PUCF EGM circulated on 21 August 2014 have been approved by the shareholders at the meeting.

For access to the PUCF EGM circular to shareholders of PUCF, please follow the link below:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1716641

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