Sale of shares in PUC Founder (MSC) Berhad

12 March 2015

Resource Holding Management Limited

("RHM" or the "Company")

Sale of PUCF Shares and announcement by PUCF Re option exercise

The Board of RHM announces that the Company sold 42,800,000 ordinary shares of RM0.10 in PUC Founder (MSC) Berhad ("PUCF") on the Bursa Malaysia's ACE Market (the "ACE Market") on 11 March 2015 at a price of RM 0.14 per share (the "PUCF Share Sale"). The net proceeds of the PUCF Share Sale for RHM were RM 5,981,812 (approximately GBP 1,074,274*). The Company intends to use the net proceeds from the PUCF Share Sale for general working capital purposes.

Following the PUCF Share Sale, RHM holds 543,168,402 shares in PUCF, which now represents 51.11% of PUCF's current issued share capital, and 36,215,840 warrants to subscribe for new PUCF shares. RHM's holding of shares and warrants in PUCF is held within RHM's wholly owned subsidiary, RedHot Media International Limited.

RHM's holding of 543,168,402 shares in PUCF is valued at approximately GBP 16.58m*, based on today's closing share price of PUCF of RM 0.1700 on the ACE Market.

Additionally, the Board of RHM notes the announcement released by PUCF on 10 March 2015, regarding PUCF having issued 380,000 new ordinary shares of RM0.10 (the "New PUCF Shares") in connection with the exercise by certain PUCF employees of options held in PUCF's Employee Share Option Scheme (the "PUCF ESOS"). The New PUCF Shares were listed on the ACE Market today.

As at the date of this announcement a total of 62,857,406 options remain outstanding pursuant to the PUCF ESOS. 63,237,406 options under the PUCF ESOS were granted to certain directors and employees of PUCF on 12 January 2015. Further details on the option grants were announced by PUCF on 12 January 2015.

A copy of PUCF's announcement released on 10 March 2015 in relation to the exercise of options held in PUCF ESOS can be found here:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1898429 

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*Based on today's prevailing exchange rate of RM1:GBP 0.17959