On 28 August 2015, the Board of Directors of GD Express Carrier Bhd ("GDEX" or the"Company") ("Board") has proposed a 20% final single-tier dividend of 1.00 sen per ordinary share of RM0.05 each in GDEX ("GDEX Shares")("Dividend") for the financial year ended 30 June 2015. 

On 2 December 2015, the shareholders of GDEX had at the Company's Twelfth Annual General Meeting approved the Dividend and authorised the Board to allot and issue such number of new GDEX Shares from time to time as may be required to be allotted and issued pursuant to the dividend reinvestment plan ("3rd DRP"). On even date, the Board determined that the 3rd DRP shall apply to the entire Dividend. 

On behalf of the Board, RHB Investment Bank Berhad, had on 21 December 2015, announced that the issue price of the new GDEX Shares to be issued pursuant to the implementation of the 3rd DRP has been fixed at RM1.4181 per GDEX Share. 

Holders of GDEX's existing Warrants-A 2011/2016 and Warrants-B 2015/2020 ("Warrant Holders") who wish to be entitled to the Dividend should exercise their rights to subscribe for new GDEX Shares by lodging their duly completed exercise forms together with the relevant subscription monies with GDEX's Share Registrar (at the address stated above) on or before 5.00 p.m. on 22 December 2015.  This is to enable the new GDEX Shares arising from such exercise to be allotted to the respective Warrant Holders such that their names will appear in the Record of Depositors for GDEX Shares at 5.00 p.m. on 7 January 2016. For avoidance of doubt, Warrant Holders who lodge their duly completed exercise forms between 23 December 2015 and 7 January 2016 (both dates inclusive) will not be entitled for the Dividend. 

This announcement is dated 21 December 2015.