Reference is made to the previous announcements made on 24 December 2014 and 10 July 2017.

Pursuant to Paragraph 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of BSL ("Board") wishes to announce that Crestronics (M) Sdn Bhd ("CMSB"), a wholly owned subsidiary of BSL had on 13 April 2018 received a letter dated 10 April 2018 from the Ministry of Finance (“MoF”) that CMSB’s appeal of remission of Import Duty and Sales Tax has been rejected.

Based on preliminary discussions with CMSB’s tax solicitors, BSL is of the view that there are reasonable grounds to review the MoF’s decision by way of judicial review proceedings.

BSL will continue to take all necessary steps to protect the interest of BSL and its subsidiaries (“Group”).

At this juncture, BSL is unable to determine precisely the financial impact to the Group for the financial year ending 31 August 2018.

BSL will update on any further material developments on the above matter from time to time.

This announcement is dated 17 April 2018.