MATERIAL LITIGATION PROTASCO BERHAD STRIKING OUT APPLICATION FOR BOTH SUITS AGAINST HCM ENGINEERING SDN BHD (HCM), A SUBSIDIARY COMPANY, IN SUIT NO. 22-1558-2010 Menuju Asas Sdn Bhd -v- HCM Engineering Sdn Bhd AND SUIT NO. 22-1559-2010 Menuju Asas Sd

## fields Subject :: MATERIAL LITIGATION ## para As previously announced, HCM Engineering Sdn. Bhd. (“HCM”), a wholly owned subsidiary of Protasco Berhad received notice on 25 October 2011 that two judgments in default of appearance were entered against them for the sum of RM507,661.78 in Shah Alam High Court Suit No: 22-1558-2010 and the sum of RM9,960,492.17 in Shah Alam High Court Suit No: 22-1559-2010 respectively. ## para Both judgments were entered on 11 July 2011 and carry interest at the rate of 8% per annum from 6 December 2010 till the date of full realisation. ## para As also previously announced, the hearing for the striking out application and the Plaintiffs’ Amendment Application proceeded on 14 May 2014 and was concluded on 25 June 2014. A decision date for the striking out application and the Plaintiffs’ Amendment Application is fixed on 12 August 2014. ## para As an update, Protasco Berhad wishes to announce that at the decision date on 12 August 2014, HCM’s striking out application for both Shah Alam High Court Suit No: 22-1558-2010 and Shah Alam High Court Suit No: 22-1559-2010 were allowed with costs of RM6,000.00 (in total for both suits) to be paid by the Plaintiff, Menuju Asas Sdn Bhd to HCM. The Plaintiff’s Amendment Application was dismissed with costs of RM3,000.00 to be paid by the Plaintiff to HCM.