Reference is made to the Company’s announcement on 20 April 2017 pertaining to Bursa Malaysia Securities Berhad (“Bursa Securities”)’s decision to reject the Company’s application for extension of time to submit its regularisation plan.

The Company had on 20 April 2017 also received a letter of suspension and de-listing of the securities of Perwaja from Bursa Securities due to the Company’s failure to submit its regularisation plan to the Securities Commission or Bursa Securities for approval within the extended timeframe of 30 March 2017 granted by Bursa Securities.

In the Bursa Securities’s letter, Bursa Securities informed that:

(a) the trading in the securities of the Company will be suspended with effect from 2 May 2017;

(b) the securities of the Company will be de-listed on 4 May 2017 unless an appeal against the de-listing is submitted to Bursa Securities on or before 28 April 2017 (“the Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities;

(c) in the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 4 May 2017 shall be deferred pending the decision on the Company’s appeal; and

(d) further, in the event the Company submits an appeal to Bursa Securities, the Company is required to make an announcement of the appeal and that the removal of the securities of the Company on 4 May 2017 will be deferred pending the decision on the Company’s appeal by Bursa Securities.

The Company shall announce further developments on the above matter in due course.

This announcement is dated 21 April 2017.