Sale of portion of warrant holding in PUCF

6 March 2015

Resource Holding Management Limited

("Resource Holding Management", the "Company" or the "Group")

Sale of portion of warrant holding in PUCF

The Board of Resource Holding Management announces that the Group has sold a total of 18,107,919 warrants ("PUCF Warrants") in PUC Founder (MSC) Berhad ("PUCF") (the "PUCF Warrant Sale") between 3 March 2015 and 6 March 2015. Details of the PUCF Warrant Sale were announced today by PUCF.

Resource Holding Management's wholly owned subsidiary, RedHot Media International Limited ("RMIL"), sold the PUCF Warrants as shown in the table below:-

The PUCF Warrant Sale was conducted on an open market basis on Bursa Malaysia Securities Berhad.

The gross proceeds of the PUCF Warrant Sale receivable by Resource Holding Management are RM 1,848,566 (approximately £332,664*). The Company intends to use the net proceeds from the PUCF Warrant Sale for general working capital purposes.

Prior to the PUCF Warrant Sale, the Group's holding of PUCF Warrants comprised 54,323,759 PUCF Warrants and not 73,247,296 PUCF Warrants, as notified previously. This is due to the Group previously making a disposal of 18,923,537 PUCF Warrants on 7 January 2015 at a sale price of RM 0.062, which raised gross proceeds of RM 1,177,044 (approximately £211,800*). Following the PUCF Warrant Sale in March 2015, the Group now holds 36,215,840 PUCF Warrants. The Group's holding of 585,968,402 shares in PUCF, representing 55.16% of PUCF's current issued share capital, remains unchanged. The Group's holding of PUCF Warrants and shares in PUCF remains held within RMIL.

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*Based on today's prevailing exchange rate of RM1:GBP 0.179958