The Board of Directors of Rimbunan Sawit Berhad ("RSB") wishes to announce that the Board of Directors has on 24 March 2011 :-

(i) recommended a first and final dividend of 2 sen consisting of :-
(a) single tier dividend of 1.4 sen per ordinary share; and
(b) 0.6 sen per ordinary share less 25% income tax
in respect of the financial period ended 31 December 2010, payable on 28 June 2011 to depositors whose names appear in the Record of Depositors on 31 May 2011, 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 dividend of 2 sen consisting of :-
(a) single tier dividend of 1.4 sen per irredeemable convertible preference share; and
(b) 0.6 sen per irredeemable convertible preference share less 25% income tax
in respect of the financial period ended 31 December 2010, payable on 28 June 2011 for shareholders' approval at the AGM.

(iii) proposed to seek shareholder mandates for the RRPT from the shareholders at the AGM to be convened at a later date. A Circular to Shareholders in relation to the Proposed Shareholder Mandate is currently being prepared for seeking shareholders' approval at the AGM.

The existing shareholder mandate was obtained at the AGM held on 10 February 2010. In accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, this shareholder mandate shall lapse at the conclusion of the forthcoming AGM, unless renewal is obtained.

(iv) proposed to seek shareholders' approval on the Proposed Amendments by way of a special resolution at the forthcoming AGM to be held at a later date. Details of the Proposed Amendments will be distributed to the shareholders of RSB at a later date.