Submission of revised applications

06 December 2012

Resource Holding Management Limited

("RHM" or the "Company")

Further re proposed disposals

Submission of revised applications to Bursa Malaysia Securities Berhad

On 16 November 2010 the Company announced that they had entered into a conditional Sale of Shares Agreement ("SSA") with PUC Founder (MSC) Berhad ("Founder") for the proposed disposal of the entire issued share capital of RedHot Media Group Sdn Bhd ("RMG"), Red Media Asia Limited ("Red Media") and Ausscar Group Sdn Bhd ("Ausscar"), all of which are wholly owned operating subsidiaries of RHM, (the "Proposed Disposal") to Founder.

As detailed in the announcement released by the Company on 16 November 2010 (the ("Announcement") the Proposed Disposal is subject to, inter alia, obtaining regulatory approvals in Malaysia, including approval by Bursa Malaysia Securities Berhad ("Bursa Securities"), the stock exchange of Malaysia. On 9 April 2012 the required applications and notification in respect of the Proposed Disposal were submitted to Bursa Securities and the Securities Commission Malaysia.

Founder has today submitted a revised application to Bursa Securities to reflect the terms of the Second Supplemental SSA, further details of which were announced on 14 November 2012. A copy of the announcement released by Founder on 06 December 2012 can be downloaded here:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1140301 

For further information please contact: