BERNAS

PADIBERAS NASIONAL BERHAD

Type	Announcement
Subject	TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
Description	PADIBERAS NASIONAL BERHAD (“BERNAS” OR “COMPANY”) RECEIPT OF NOTICE OF UNCONDITIONAL TAKE-OVER OFFER FROM PERSPECTIVE LANE (M) SDN BHD, KELANA VENTURES SDN BHD, SEAPORT TERMINAL (JOHORE) SDN BHD AND ACARA KREATIF SDN BHD (COLLECTIVELY REFERRED TO AS THE “JOINT OFFERORS”) THROUGH MAYBANK INVESTMENT BANK BERHAD (“MAYBANK IB”)
The Board of Directors of Bernas (“Board”) wishes to announce that the Company has on 4 February 2014 received a notice of the unconditional take-over offer from the Joint Offerors through Maybank IB to acquire all the remaining ordinary shares of RM1.00 each in Bernas not already owned by the Joint Offerors and Tradewinds (M) Berhad, being the person acting in concert with the Joint Offerors (“Offer Shares”) for a cash offer price of RM3.70 per Offer Share (“Offer”). In accordance with the Malaysian Code on Take-Overs and Mergers, 2010, the Board will appoint an Independent Adviser to advise the Independent Directors and the holders of the Offer Shares (“Holders”) on the reasonableness of the Offer. The announcement of the appointment of the Independent Adviser will be made in due course. The notice of the Offer will be posted to the Holders within seven (7) days hereof and a copy is enclosed herewith. This announcement is dated 4 February 2014.