(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Company’s circular dated 10 July 2017 as well as the announcement dated 21 December 2018 in relation to the Proposed Lundu Acquisition)

We refer to the announcements made in relation to the Proposed Lundu Acquisition, the latest of which was on 21 December 2018.

On behalf of the Board of RSB, Maybank IB wishes to announce that RSB Lundu has on 20 February 2019 settled the Partial Balance Sum to RH Lundu to complete the acquisition of the Lundu Oil Mill (including the workers’ quarters) and the Plantation Assets (“Partial Completion Date”).

Notwithstanding the above, the Lundu Acquisition SPA insofar as it concerns the Lundu Land, being the remaining asset to be completed under the Lundu Acquisition SPA, is subject to the Conditions Subsequent which remain to be fulfilled by RH Lundu within 18 months from the Partial Completion Date or such other extended period as RH Lundu and RSB Lundu may mutually agree upon.

This Announcement is dated 20 February 2019.