We refer to the announcement dated 28 October 2013 wherein it was announced that an application has been submitted to Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time up to 28 February 2014 to submit its regularisation plan to the regulatory authorities (“Application”).

M&A Securities Sdn Bhd on behalf of the Board of Directors of Patimas (“Board”), wishes to announce that after due consideration of all facts and circumstances of the Application, Bursa Securities has vide its letter dated 19 November 2013 decided to reject the Application.

The Board will deliberate on the next course of action to be taken and an announcement will be made in due course.

This announcement is dated 19 November 2013.