KSL-WA - NOTICE OF BONUS ENTITLEMENT

LISTING'S CIRCULAR NO. L/Q : 72112 OF 2014

Adjustments to the number of outstanding Warrants 2011/2016 in KSL Holdings Berhad (“KSL”) (“Warrants”) and the exercise price of the Warrants pursuant to the bonus issue of up to 487,149,008 new ordinary shares of RM0.50 each in KSL (“KSL Shares”) (“Bonus Shares”) on the basis of 1 Bonus Share for every 1 existing KSL Share held (“Bonus Issue”) (“Adjustments”).

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex - Adjustment" ]
as from : [ 17 December 2014 ]

2) The last date of lodgement : [ 19 December 2014 ]

Remarks 1) :- Holders of the Warrants (“Warrant Holders”) who wish to be entitled to the Bonus Issue should exercise their rights to subscribe for new KSL Shares by lodging their duly completed exercise forms together with the subscription monies with KSL’s share registrar (at the address stated above) on or before 5.00 p.m. on 8 December 2014. This is to enable the new KSL Shares arising from such exercise to be allotted to the respective Warrant Holders such that their names will appear in the Record of Depositors of KSL on 19 December 2014.

Warrant Holders who do not exercise their Warrants on or before 5.00 p.m. on 8 December 2014 and whose names appear in the Record of Depositors for Warrant Holders on the entitlement date would be entitled to the Adjustments.

Pursuant to the Adjustments, Warrant Holders will be entitled to 1 additional Warrant for every 1 existing Warrant held on the entitlement date and the existing exercise price of the Warrants of RM1.60 each will be adjusted accordingly to RM0.80 each. The revised exercise price of RM0.80 each will also apply to the additional Warrants to be issued. A notification to the Warrant Holders setting out the details of such Adjustments will be despatched to the Warrant Holders within 21 days of the Adjustments.

Remarks 2) :- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 22 December 2014 with adjustment to the number of outstanding KSL-WA shares, any shareholder who is entitled to receive KSL-WA additional shares may now sell any or all of his KSL-WA shares arising from adjustment consequent to the bonus issue beginning the Ex-Date (17 December 2014).

For example, if Mr X purchases 100 KSL-WA shares on cum basis on 16 December 2014, Mr X should receive 100 shares on 19 December 2014. Consequent to a bonus issue, a total of 200 KSL-WA shares will be credited into Mr X's CDS account on the night of 19 December 2014 being the Book Closing Date. Therefore, Mr X can sell the KSL-WA shares of 200 on or after the Ex-Date ie from 17 December 2014 onwards."