Further to the announcement dated 13 April 2015 in relation to the Project, the Board of Metronic wishes to inform that the information contained in Sections  11, 13 and 14 of the announcement dated 13 April 2015 should read as follows:-

11.     Approval Required

The JVA is conditional upon approval being obtained from relevant regulatory authorities in order to effect the completion of the JVA. The JVA is subject to the approval of the shareholders of Metronic before submission of the tender to the relevant authorities if the tender amount is more than 25% of the net assets of Metronic Group. The Company will make further announcement once the tender is successful.

13.    Financial Effects

The JVA will have no material effect to the earnings per share, net assets per share, gearing, share capital and the substantial shareholders’ shareholdings of the Company for the financial year ending 31st December 2015.

In the event the JV Company is successful in the tender, the JVA will have positive effect to the earnings per share, net assets per share, gearing, share capital and the substantial shareholders’ shareholdings of the Company in the future.

14.     Percentage Ratio

The highest percentage ratio applicable to the joint venture pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 0.79% based on the latest audited accounts ended 31 December 2013 and MISSB’s equity participation of 70% of JV’s Company proposed paid-up capital of RM500,000.00.

This announcement is dated 14 April 2015.