PROPOSED DISPOSAL BY SCIB HOLDINGS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF ITS ENTIRE EQUITY INTEREST IN SCIB CONCRETE MANUFACTURING SDN BHD ("SCM") TO YTL CEMENT (SARAWAK) SDN BHD ("YTL CEMENT SARAWAK"), AN INDIRECT SUBSIDIARY OF YTL CORPORATION BERHAD, FOR A CASH CONSIDERATION OF RM113.00 MILLION ("PROPOSED DISPOSAL OF SCM")

PROPOSED DISPOSAL OF 7 PARCELS OF LAND OWNED BY THE COMPANY WHICH ARE KNOWN AS LOT 1166, LOT 1541 AND LOT 787-791 AT PRE-AGREED PURCHASE PRICES OF RM18.00 MILLION, RM6.00 MILLION AND RM14.19 MILLION RESPECTIVELY TO BE SATISFIED ENTIRELY VIA CASH, PURSUANT TO THE EXERCISE OF THE OPTIONS TO PURCHASE BY SCM OR THE OPTIONS TO SELL BY SCIB, AS THE CASE MAY BE ("PROPOSED DISPOSAL OF LANDS")