Rimbunan Sawit Berhad ("RSB") wishes to announce that the Board of Directors has on 19 April 2012:
(i) recommended a first and final single-tier dividend of 1.5 sen per ordinary share of RM0.50 each, in respect of the financial year ended 31 December 2011, payable on 18 July 2012 to depositors whose names appear in the Record of Depositors on 22 June 2012, for approval by shareholders at the forthcoming annual general meeting of RSB ("AGM"). The notice of dividend entitlement and payment shall be advertised at a later date.

(ii) recommended a first and final single-tier dividend of 1.5 sen per irredeemable convertible preference share of RM0.50 each, in respect of the financial year ended 31 December 2011, payable on 18 July 2012 for shareholders' approval at the AGM.

(iii) proposed to seek shareholder mandates for the RRPT from the shareholders at the AGM to be held at a later date.

(iv) proposed to seek shareholders' approval on the Proposed Amendments at the forthcoming AGM to be held at a later date.

(v) proposed to seek shareholders' approval for the Company to purchase its own shares at the forthcoming AGM to be held at a later date.

A Circular to Shareholders in relation to the Proposed Shareholder Mandate, Proposed Amendments and Proposed Share Buy-Back is currently being prepared.

This announcement is dated 19 April 2012.