KULIM (MALAYSIA) BERHAD (“KULIM” OR THE “COMPANY”)

(I) DISPOSAL OF THE ENTIRE EQUITY INTEREST IN NEXSOL (MALAYSIA) SDN BHD (“NEXSOL”), A WHOLLY-OWNED SUBSIDIARY OF THE KULIM GROUP TO PGEO GROUP SDN BHD (“PGEO GROUP”), A WHOLLY-OWNED SUBSIDIARY OF WILMAR INTERNATIONAL LIMITED (“WILMAR”) FOR A CASH CONSIDERATION OF RM27.0 MILLION (“DISPOSAL 1”); AND

(II) DISPOSAL OF A PART OF A LEASEHOLD LAND, MEASURING APPROXIMATELY 30.0 ACRES HELD UNDER HS(D) 454418, PTD 3932 SITUATED IN MUKIM OF SUNGAI TIRAM, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR TO PGEO EDIBLE OILS SDN BHD (“PGEO EDIBLE”), A WHOLLY-OWNED SUBSIDIARY OF PGEO GROUP FOR A CASH CONSIDERATION OF RM23.0 MILLION (“DISPOSAL 2”)

(COLLECTIVELY REFERRED TO AS THE “DISPOSALS”)

Unless otherwise stated, the terms used herein has the same meaning as those defined in the announcement made on 27 August 2014.

We refer to the announcements dated 27 August 2014, 26 November 2014, 3 December 2014, 22 May 2015 and 26 November 2015 in relation to the Disposals.

On behalf of the Board, RHB Investment Bank wishes to announce that all the conditions precedent in the LTA have been fulfilled and that Disposal 2 has been completed on 27 May 2016 following the receipt of the Disposal Consideration 2 from PGEO Edible.

This announcement is dated 27 May 2016.