On behalf of the Board of Directors of RSB, MIMB Investment Bank Berhad wishes to announce that the Company had on 2 February 2011 entered into three (3) separate conditional SSAs with the Vendor for the proposed acquisition of the remaining 15% equity interests of Nescaya Palma Sdn Bhd, Novelpac-Puncakdana Plantation Sdn Bhd and Woodijaya Sdn Bhd not already held by RSB from the State Financial Secretary of Sarawak at an aggregate purchase consideration of RM16,019,312 to be wholly satisfied through the issuance of 6,964,918 new ordinary shares of RM0.50 each in  RSB at an issue price of approximately RM2.30 per share (“Proposed Acquisitions”).

Kindly refer to the attached document for details of the Proposed Acquisitions.

This announcement is dated 2 February 2011.