(Unless otherwise stated, definitions used in this announcement shall carry the same meaning as defined in the Company’s announcement dated 27 April 2015 and 30 April 2015 in relation to delay in release the Audited Financial Statements for the year ended 31 December 2014 and Annual Report for the financial year ended 31 December 2014)

The Board of Directors of MASTEEL wishes to announce that Bursa Malaysia Securities Berhad had via their letter dated 11 May 2015 informed the Company that they were rejected the Company’s applications for the following extension of time :-

1. Extension of time until 30 June 2015 to furnish the audited financial statements for the financial year ended 31 December 2014; and
2. Extension of time until 31 July 2015 to furnish the annual report for the financial year ended 31 December 2014.

This announcement is dated 12 May 2015.