OTHERS PROTASCO BERHAD-INTERNAL RESTRUCTURING EXERCISE

## fields Subject :: OTHERS ## para Protasco Berhad (“the Company”) wishes to announce that the Company had on 8 July 2011, as part of its internal restructuring exercise to streamline the operations of the companies within the Group, transferred the shareholdings of the following companies to a newly incorporated wholly owned subsidiary, namely Protasco Development Sdn Bhd:- ## para Name of Subsidiary involved ## para No. of Shares ## para % of shareholding ## para Transfer from ## para Transfer to ## para De Centrum Sdn Bhd ## para 2 ## para 100 ## para Protasco Land Sdn Bhd ## para (a wholly owned subsidiary) ## para Protasco Development Sdn Bhd ## para Protasco Land Sdn Bhd ## para 250,000 ## para 100 ## para Protasco Berhad ## para Protasco Development Sdn Bhd ## para Protasco Development Sdn Bhd was incorporated as an investment holding company on 29 June 2011 with an initial authorized share capital and paid up capital of RM100,000 and RM2 respectively. ## para The above restructuring would not have any material effect on the Group's earning and net assets for the financial year ending 31 December 2011. ## para None of the Directors or substantial shareholders or persons connected to directors and substantial shareholders of the Company has any interest, either direct or indirect, in the said restructuring exercise.