- Proposed Renewal Of Shareholders’ Mandate For Recurrent Related Party Transactions Of A Revenue O Trading Nature

IN RELATION TO THE PROPOSED ISSUANCE OF NEW ORDINARY SHARES IN SSB TO ESTEEL

Southern Steel Berhad ("SSB" or the "Company") - Grant of Shares Pursuant to SSB's Executive Share Scheme 2022

- PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

DISSOLUTION OF A SUBSIDIARY

Southern Steel Berhad ("SSB" or the "Company") - Grant of Shares Pursuant to SSB's Executive Share Scheme 2022

Mr Yeoh Choon Kwee

Mr Ang Meng Chuan

SOUTHERN STEEL BERHAD ("SSB" OR "COMPANY") (I) ESTABLISHMENT OF A NEW EXECUTIVE SHARE SCHEME COMPRISING A NEW EXECUTIVE SHARE OPTION SCHEME AND A NEW EXECUTIVE SHARE GRANT SCHEME (II) ALLOCATION OF OPTIONS AND/OR GRANTS TO THE GROUP MANAGING DIRECTOR OF SSB (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISE")

Reference is made to the Company’s announcement dated 29 July 2022 in relation to the Proposals (“Announcement”). Unless otherwise defined, the definitions used in this announcement shall have the same meanings as those defined in the Announcement. On behalf of the Board of SSB, HLIB wishes to announce that the listing application to Bursa Securities in respect of the listing of and quotation for such number of new Shares representing up to 10% of the total number of issued Shares (excluding treasury Shares) to be issued under the Proposed ESS on the Main Market of Bursa Securities has been submitted today.

SOUTHERN STEEL BERHAD ("SSB" OR "COMPANY") - PROPOSED DISPOSAL OF LAND IN JOHOR BAHRU, JOHOR BY SSB TO SINPPA INDUSTRIAL SDN BHD FOR RM65 MILLION

Southern Steel Berhad ("the Company") wishes to inform that YBhg Dato’ Dr Tan Tat Wai, the Executive Director of the Company will be re-designated as Non-Independent Non-Executive Director of the Company with effect from 1 January 2016.

SSB writes to inform that the 53rd Annual General Meeting of the Company ("AGM") of the Company will be held at Training Room B, Level 1, Southern Steel Berhad, 2723 Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Penang on Wednesday, 11 November 2015 at 2.00 p.m. in order to approve the motions as set out in the Notice of AGM.

SSB writes to inform that the Company will be seeking the approval of its shareholders for the proposed renewal of and new shareholders' mandate for recurrent related party transactions of a revenue or trading nature at its forthcoming 53rd Annual General Meeting.

We refer to the announcements dated 26 August 2013, 3 September 2013 and 11 September 2013 in relation to the Proposals. On behalf of Southern Steel Berhad ("SSB"), Hong Leong Investment Bank Berhad wishes to annouce that SSB has, on 28 February 2014: (I) terminated the existing ESOS; and (II) established an ESS. The ESS will be in force for a period of ten (10) years. This announcement is dated 28 February 2014.

Southern Steel Berhad (the "Company") wishes to inform that Mr Chow Chong Long will be appointed as Group Managing Director of the Company with effect from 1 January 2014 in replace of YBhg Dato' Dr Tan Tat Wai who will be re-designated as Executive Director on the even date.

Southern Steel Berhad (the "Company") wishes to inform that YBhg Dato' Dr Tan Tat Wai, the current Group Managing Director of the Company, will be re-designated as Executive Director of the Company with effect from 1 January 2014.

Southern Steel Berhad (the "Company") wishes to announce that the Registrar of the Company will be changed to Hong Leong Share Registration Services Sdn Bhd of Level 5, Wisma Hong Leong, 18 Jalan Perak, 50450 Kuala Lumpur with effect from 1 January 2014

Southern Steel Berhad (the "Company") declared a interim dividend of 2.0 sen per share tax exempt.

For the quarter under review, the Group recorded a revenue of RM678 million and a loss before taxation of RM4.24 million.

Southern Steel Berhad ("SSB") writes to inform that Sound Industries Sdn Bhd (formerly known as Southern Steel Industries Sdn Bhd) ("SISB") and Steady Solution Sdn Bhd (formerly known as Southern Steel Solutions Sdn Bhd) ("SSSB"), both wholly-owned subsidiaries of SSB, have on 27 September 2013 received notices under Section 308(4) of the Companies Act, 1965 from the Companies Commission of Malaysia confirming that the Registrar of Companies has struck the names of SISB and SSSB from the Register. Accordingly, SISB and SSSB have been dissolved. This announcement is dated 27 September 2013.

Southern Steel Berhad (the "Company") writes to inform that the 51st Annual General Meeting ("AGM") of the Company will be held at the Training Room B, Level 1, Southern Steel Berhad, 2723 Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Penang on Tuesday, 22 October 2013 at 10.00 a.m. in order to approve the motions as set out in the Notice of the AGM.

Southern Steel Berhad ("the Company") writes to inform that the Company will be seeking the approval of its shareholders for the proposed amendments to the Articles of Association of the Company ("Proposed Amendments") at the forthcoming Fifty-first Annual General Meeting to be convened. A Circular containing the details on the Proposed Amendments will be despatched to the shareholders of the Company in due course. This announcement is dated 24 September 2013.

We refer to the announcements dated 26 August 2013 and 3 September 2013 in relation to the Proposals. On behalf of Southern Steel Berhad ("SSB"), Hong Leong Investment Bank Berhad (formerly known as MIMB Investment Bank Berhad) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, via its letter dated 10 September 2013, resolved to approve in-principle the listing of and quotation for such number of new ordinary shares of RM1.00 each in SSB, representing up to 10% of the issued and paid-up ordinary share capital (excluding treasury shares) of SSB to be issued pursuant to the Proposed ESS, on the Main Market of Bursa Securities. This announcement is dated 11 September 2013.

We refer to the announcement dated 26 August 2013 in relation to the Proposals. On behalf of Southern Steel Berhad ("SSB"), Hong Leong Investment Bank Berhad (formerly known as MIMB Investment Bank Berhad) wishes to announce that the listing application to Bursa Malaysia Securities Berhad in respect of the issuance of new ordinary shares of RM1.00 each (unless otherwise adjusted) in SSB (“SSB Shares”) upon the exercise of options and/or vesting of SSB Shares pursuant to the grants under the Proposed ESS has been submitted today. This announcement is dated 3 September 2013.

Southern Steel Berhad (the "Company") writes to inform that the Company will be seeking the approval of its shareholders for the proposed shareholders' mandate on recurrent related party transactions of a revenue or trading nature ("Proposed Shareholders' Mandate") at the forthcoming 51st Annual General Meeting to be convened. A circular containing the details on the Proposed Shareholders' Mandate will be despatched to shareholders of the Company in due course. This announcement is dated 26 August 2013.

For the quarter under review, the Group recorded a revenue of RM710.8 million and a profit before taxation of RM20.5 million.

On behalf of Southern Steel Berhad (the "Company"), Hong Leong Investment Bank Berhad (formerly known as MIMB Investment Bank Berhad) wishes to announce that the Company proposes to terminate its existing executive share option scheme and establish an executive share scheme for the eligible executives and/or Directors of the Company and its subsidiaries (“Proposals”). Please refer to the attachment for the full text on the Proposals. This announcement is dated 26 August 2013.

Southern Steel Berhad (the "Company") wishes to announce that the Company has changed its Registered Address from Level 3, 2723, Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Penang to Level 9, Wisma Hong Leong, 18, Jalan Perak, 50450 Kuala Lumpur with effect from 2 July 2013.

Mr Ting Kok Keong resigned as the Company Secretary with effect from 12 June 2013. Ms Leong Wei Yin and Ms Lee Wui Kien are appointed as Joint Company Secretaries with effect from 12 June 2013.

Southern Steel Berhad ("SSB" or the "Company") writes to inform that the Company had placed Centimeter Wire Sdn Bhd (formerly known as Southern Coated Wire Sdn Bhd) and Terus Staples Sdn Bhd (formerly known as Trend Staples Industry Sdn Bhd), both wholly-owned subsidiaries of SSB, under Member's Voluntary Winding-Up pursuant to Section 254(1)(b) of the Companies Act, 1965.

For the quarter under review, the Group recorded a revenue of RM725.0 million and a profit before taxation of RM25.3 million.

SSB declared a second interim dividend of 5.0 sen per share tax exempt.

Dr Kwa Lay Keng be and is hereby appointed as a Director with effect from 4 February 2013.

For the quarter under review, the Group recorded a revenue of RM692.5 million and a loss before taxation of RM10.0 million.

For the quarter under review, the Group recorded a revenue of RM704,113,000 and a profit before taxation of RM8,607,000.

Southern Steel Berhad declared a first interim dividend of 2.0 sen per share tax exempt.

Mr Chow Chong Long be and is hereby appointed as a Director with effect from 19 November 2012.

SSB writes to inform that the 50th Annual General Meeting ("AGM") of the Company will be held at the Training Room B, Level 1, 2723 Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Penang on Monday, 29 October 2012 at 3.30 p.m. in order to approve the motions as set out in the Notice of AGM.

Further to SSB's announcement on 9 May 2012 in relation to the establishment of a JV company in Singapore ("JV Co") with NV Bekaert SA ("NV BK") for the manufacture and sale of specified steel wires in the ASEAN region, SSB writes to inform that the Company had completed the sale of its entire equity interests in its wholly-owned subsidiaries, Southern Speciality Wire Sdn Bhd ("SSW") and Southern Wire Industries (Malaysia) Sdn Bhd ("SWI") together with its wholly-owned subsidiary, Cempaka Raya Sdn Bhd, to the JV Co, Bekaert Southern Wire Pte Ltd ("Bekaert Singapore"). NV BK had also completed the sale of its entire galvanized and multi-coated wire business in Indonesia to Bekaert Singapore. Both disposals were transacted for an aggregate consideration of S$51,102,400, equivalent to US$41,000,000 (compared with US$44,600,000.00 as previously announced following a mutually agreed adjustment made to the valuation), resulting in SSB and NV BK holding 64% and 36% of the existing share capital of Bekaert Singapore respectively. On 30 August 2012, SSB disposed of 19% of its equity interest in Bekaert Singapore to NV BK for a cash consideration of S$9,472,640 equivalent to US$7.6 million, resulting in a participation ratio of SSB 45% : NV BK 55% in Bekaert Singapore. Accordingly, SSW and SWI ceased to be subsidiaries of SSB with effect from 30 August 2012 and remain as indirect associated companies of SSB. This announcement is dated 30 August 2012.

Southern Steel Berhad (the "Company") writes to inform that the Company will be seeking the approval of its shareholders for the proposed shareholders' mandate for recurrent related party transactions of a revenue or trading nature ("Proposed Shareholders' Mandate") at the forthcoming 50th Annual General Meting to be convened. A circular containing the details on the Proposed Shareholders' Mandate will be despatched to the shareholders of the Company in due course. This announcement is dated 17 August 2012.

For the quarter under review, Southern Steel Berhad recorded a revenue of RM764,161,000 and profit before taxation of RM32,182,000.

For the quarter under review, the Group recorded a revenue of RM869.3 million and a loss before taxation ("LBT") of RM29.3 million.

Southern Steel Berhad declared a second interim tax exempted dividend of 5%

Mr Seow Yoo Lin be and is hereby appointed as a member of Audit Committee with effect from 15 May 2012.

For the quarter under review, Southern Steel Berhad recorded a LBT of RM6.4 million.

Mr Seow Yoo Lin be and is hereby appointed as a Director of the Company with effect from 31 January 2012.

Southern Steel Berhad (the "Company") writes to inform that at the 49th Annual General Meeting ("AGM") of the Company held on 27 October 2011, the shareholders of the Company had approved all ordinary resolutions and special businesses as set out in the notice of the AGM: Ordinary Resolutions 1. Payment of Director fees. 2. Re-election of Mr Ang Kong Hua as a Director. 3. Re-election of Mr Tang Hong Cheong as a Director. 4. Re-appointment of YM Raja Dato' Seri Abdul Aziz bin Raja Salim as a Director pursuant to Section 129 of the Companies Act, 1965. 5. Appointment of Messrs KPMG as Auditors in place of the retiring Auditors, Messrs PricewaterhouseCoopers. Special Businesses 1. Authority to Directors to issue shares. 2. Proposed shareholders' mandate for recurrent related party transactions of a revenue or trading nature with Hong Leong Company (Malaysia) Berhad ("HLCM") and persons connected with HLCM. 3. Proposed shareholders' mandate for recurrent related party transactions of a revenue or trading nature with Su Hock Company Sdn Bhd and its subsidiary. 4. Proposed shareholders' mandate for recurrent related party transactions of a revenue or trading nature with Hong Bee Hardware Company, Sdn Berhad and Hong Bee Engineering Sdn Bhd. 5. Proposed shareholders' mandate for recurrent related party transactions of a revenue or trading nature with Cheah Hong Inn Sdn Bhd. 6. Proposed shareholders' mandate for recurrent related party transactions of a revenue or trading nature with Kim Company Sdn Bhd.

Southern Steel Berhad (the "Company") writes to inform that the Company will be seeking the approval of its shareholders for the Proposed Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature (the "Proposed Shareholders' Mandate") at the forthcoming Annual General Meeting to be convened. A circular containing the details on the Proposed Shareholders' Mandate will be despatched to the shareholders of the Company in due course. This announcement is dated 22 September 2011.

Southern Steel Berhad (the "Company") - Extraordinary General Meeting ("EGM") The Company wishes to announce that at the EGM held on 27 June 2011, the shareholders have duly approved all the ordinary resolutions and the special resolution set out in the Notice of EGM. This announcement is dated 27 June 2011.

Southern Steel Berhad (the "Company") writes to inform that the Company will be seeking the approval of its shareholders for the following proposals at a general meeting to be convened: 1. Proposed Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature (the "Proposed Shareholders' Mandate"); and 2. Proposed Amendments to the Articles of Association (the "Proposed Amendments") (Proposed Shareholders' Mandate and Proposed Amendments are collectively referred to as the "Proposals"). A circular containing the details on the Proposals will be despatched to the shareholders of the Company in due course. This announcement is dated 2 June 2011.

Southern Steel Berhad (the "Company") writes to inform that an Extraordinary General Meeting ("EGM") of the Company will be held at Level 1, Training Room B, Southern Steel Berhad, 2723 Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Penang on Monday, 27 June 2011 at 11.30 a.m. for the purpose of considering and, if thought fit, passing with or without modifications, the motions as set out in the notice of EGM as attached. This announcement is dated 2 June 2011.

Southern Steel Berhad declared an interim tax exempt dividend of 5%

Mr Ang Kong Hua be and is hereby appointed as an Audit Committee Member of the Company with effect from 3 May 2011.

Mr Ang Kong Hua be and is hereby appointed as a Director of the Company with effect from 3 May 2011.

Pursuant to Paragraph 14.09(a) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, Southern Steel Berhad ("SSB") wishes to inform that the following Principal Officer of SSB has given notice of his dealing in the ordinary shares of SSB: Name of Principal Officer : Chow Chong Long Nature of Interest : Direct Interest DateTransacted : 11-4-2011 Opening Balance : 45,563 No of Shares Acquired : 50,000 % of Shares Transacted : 0.01 Price per Share : RM2.3584 Closing Balance : 95,563 (0.02%)

Further to Southern Steel Berhad ("SSB" or the "Company")'s announcement on 11 March 2011, SSB wishes to announce that based on the Record of Depositors as at 31 March 2011, its public shareholding spread was 20.01%, representing 83,914,640 of the issued and paid-up capital of the Company. Accordingly, the Board of Directors of SSB is pleased to announce that the Company had complied with the Acceptable Level of Lower Public Shareholding Spread of 20% as approved by Bursa Malaysia Securities Berhad vide its letter dated 14 October 2010.

Southern Steel Berhad (the "Company") writes to inform that its indirect wholly-owned subsidiary, Southern Steel Bar Sdn Bhd, had on 31 March 2011, incorporated a wholly-owned subsidiary known as Starglow Investments Ltd ("SIL") as an investment holding company. SIL is incorporated as a private limited company in the Federal Territory of Labuan with an issued and paid-up share capital of USD1.00 comprising 1 ordinary share (the "Incorporation"). The Incorporation is not subject to the approval of any Malaysian governmental authority or the approval of the shareholders of the Company.

Reference is made to our announcements in relation to the above matter. Southern Steel Berhad ("SSB" or the "Company") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had vide its letter dated 10 March 2011, which was received on 11 March 2011, granted the Company a further extension of six (6) months until 12 September 2011 to comply with the acceptable level of public shareholding spread of 20% ("Acceptable Level of Lower Public Shareholding Spread"). On 11 March 2011, the Company received notification from a substantial shareholder that 2,500,000 ordinary shares of RM1.00 each, representing 0.60% of the issued and paid up capital of the Company had been disposed of on 10 March 2011. Accordingly, the Board of Directors of SSB is pleased to announce that the Company had complied with the Acceptable Level of Lower Public Shareholding Spread.

Southern Steel Berhad (the "Company") writes to inform that the Company will be seeking the approval of its shareholders for the following proposals at a general meeting to be convened: 1. Proposed Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature (the "Proposed Shareholders' Mandate"); and 2. Proposed Amendments to the Articles of Association (the "Proposed Amendments") (Proposed Shareholders' Mandate and Proposed Amendments are collectively referred to as the "Proposals"). A circular containing the details on the Proposals will be despatched to the shareholders of the Company in due course. This announcement is dated 2 June 2011.

Southern Steel Berhad (the "Company") writes to inform that the Company will be seeking the approval of its shareholders for the following proposals at a general meeting to be convened: 1. Proposed Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature (the "Proposed Shareholders' Mandate"); and 2. Proposed Amendments to the Articles of Association (the "Proposed Amendments") (Proposed Shareholders' Mandate and Proposed Amendments are collectively referred to as the "Proposals"). A circular containing the details on the Proposals will be despatched to the shareholders of the Company in due course. This announcement is dated 2 June 2011.

Southern Steel Berhad ("SSB" or the "Company") does not meet the requirement as set out in paragraph 8.02(1) of Bursa Malaysia Securities Berhad ("Bursa Securities") Main Market Listing Requirements ("MMLR"), which states that a listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) are in the hands of public shareholders. Bursa Securities had on 14 October 2010, resolved to accept the percentage public shareholding spread of 20% as compliance with the minimum percentage of public shareholding spread pursuant to Paragraph 8.02(1) of the MMLR. SSB had on 18 October 2010, announced that Bursa Securities had granted the Company an extension of six (6) months until 12 March 2011 to comply with the public shareholding spread requirement. The Company wishes to inform that as at 30 December 2011, the public shareholding spread of the Company was 19.41% of the issued and paid-up share capital of the Company. The Company will continue to explore various means to comply with the public shareholding spread requirement of 20% including, inter alia, exploring with its substantial shareholders on the possibility of the substantial shareholders placing out the SSB shares held by them.

The Company wishes to announce that the public shareholding spread of the Company as at 30 December 2010 was 19.41% of the issued and paid-up share capital of the Company.

Further to the Company's announcement on 17 September 2010, Bursa Malaysia Securities Berhad ("Bursa") has notified the Company in writing on 14 October 2010 that Bursa has approved the Company's application for a lower percentage of public shareholding spread. Bursa has accepted the percentage of public shareholding spread of 20% as compliance with the minimum percentage of public shareholding spread pursuant to paragraph 8.02(1) of the Main Market Listing Requirements. In connection with the above, the Company has been granted an extension of time of six months until 12 March 2011 ("Extended Period") for the Company to increase the percentage of public shareholding spread from the current 19.40% to 20%. Currently, there is no rectification plan to comply with the public shareholding spread of 20%. However, SSB will use its best endeavours to formulate such a plan by the Extended Period.

Attached is the press release from Hong Leong Investment Bank Berhad dated 20 September 2010 in relation to the shareholding position of Signaland as at 17 September 2010.

As a result of the recently closed Mandatory General Offer by Signaland Sdn. Bhd., the Board of Directors wishes to announce that, pursuant to paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the percentage of public spread for the Company's shares as at 13 September 2010 is 19.40%. The Company is considering various options including application to the Exchange for a lower public spread requirement and for an extension of time to comply with the same.

We have received a press release dated 13 September 2010 from Hong Leong Investment Bank Berhad ("HLIB"), on behalf of Signaland, notifying that the Offer has closed at 5.00 p.m. (Malaysian time) on Monday, 13 September 2010. Attached is the press release by HLIB dated 13 September 2010.

The resignation of Mr Koushik Chatterjee as a Director of Southern Steel Berhad with effect from 14 September 2010.

The Board of Directors of SSB wishes to announce that the Company has on 2 September 2010 posted the Independent Advise Circular in relation to the Offer to the shareholders on SSB.

The Board of Directors of SSB wishes to announce that SSB has received a press release from Hong Leong Investment Bank Berhad ("HLIB"), on behalf of Signaland, notifying that the extended first closing date is on 5.00 p.m. (Malaysian time) on Monday, 13 September 2010. Attached is the press release by HLIB dated 1 September 2010.

The Board of Directors of SSB wishes to announce that SSB has today, received a press release from Hong Leong Investment Bank Berhad ("HLIB") on behalf of Signaland, notifying that the shareholding position and level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on 27 August 2010. Attached is the press release by HLIB dated 27 August 2010.

We have on 25 August 2010, received a press release from Hong Leong Investment Bank Berhad ("HLIB"), on behalf of Signaland, notifying that Signaland can only determine the extended first closing date when Signaland has been notified of the date of despatch of the independent advice circular. Attached is the press release by HLIB dated 25 August 2010.

Further to our announcement dated 11 August 2010, SSB is pleased to announce that the Securities Commission had, vide its letter dated 20 August 2010, approved the appointment of Public Investment Bank Berhad as the independent adviser in relation to the Offer.

We have on 18 August 2010, received a press release from Hong Leong Investment Bank Berhad ("HLIB"), on behalf of Signaland, notifying that the Securities Commission has issued a ruling pursuant to Section 217(4) of the Capital Market and Securities Act, 2007, to require Signaland to extend the first closing date of the Offer from 27 August 2010, to a date no less than 11 days from the date of despatch of the independent advice circular to our shareholders in relation to the Offer. Attached is the press release by HLIB dated 18 August 2010.

Further to the announcement dated 13 August 2010, on behalf of SSB, Public Investment Bank Berhad is pleased to announce that the Securities Commission ("SC") had, vide its letter dated 17 August 2010, approved the application for an extension of time to despatch the independent advice circular to the shareholders of SSB in relation to the Offer ("IAC") within two (2) market days from the date of SC's clearance of the IAC.

On 22 July 2010, SSB announced the appointment of HwangDBS Investment Bank Berhad ("HwangDBS") as independent adviser ("IA") to advise the independent and/or non-interested directors of SSB and holders of the Offer Shares in relation to the Offer, subject to the approval of the Securities Commission ("SC") in accordance with Part IV Section 15(8) of the Malaysian Code on Take-overs and Mergers, 1998 ("Code"). The Company has, on 10 August 2010, announced that the application by HwangDBS to act as IA ("Application") has been rejected by the SC. The Application was rejected because SC deemed HwangDBS as "not independent" in view that it has an interest in the outcome of the Offer wherein HwangDBS has dealt in the ordinary shares of SSB for its proprietary account on 27 July 2010. Subsequently, on 11 August 2010, SSB announced the appointment of Public Investment Bank Berhad as IA, subject to the approval of the SC in accordance with the Code.

Further to the announcement dated 11 August 2010 by the Company, Public Investment Bank Berhad wishes to announce that it had, on behalf of SSB, submitted an application to the Securities Commission for an extension of time to despatch the independent advice circular to the shareholders of SSB in relation to the Offer.

Further to our announcement dated 10 August 2010, SSB has, on 11 August 2010, appointed Public Investment Bank Berhad as the independent adviser to advise the independent and/or non-interested Directors of SSB and holders of the Offer Shares in relation to the Offer. The appointment of Public Investment Bank Berhad is subject to the approval of the Securities Commission in accordance with Part IV Section 15(8) of the Code.

We refer to our announcement dated 22 July 2010 that HwangDBS Investment Bank Berhad ("HwangDBS") has been appointed as the independent adviser to advise the independent and/or non-interested Directors of SSB and holders of the Offer Shares in relation to the Offer, and further that the appointment of HwangDBS was subjected to the approval of the Securities Commission ("SC") in accordance with Part IV Section 15(8) of the Code. SSB has been informed by HwangDBS today that SC has rejected HwangDBS's application to act as independent adviser and SSB is in the midst of appointing a new independent adviser. We will announce the appointment of the new independent adviser in due course.

The Board of Directors of SSB wishes to announce that SSB has today, received a press release notifying that Hong Leong Investment Bank Berhad ("HLIB") on behalf of Signaland, has on 6 August 2010 despatched the Offer Document in relation to the Offer to the shareholders of SSB. Attached is the press release by HLIB dated 6 August 2010.

We refer to the Notice of Offer dated 16 July 2010 and Supplemental Notice of Offer dated 26 July 2010 and wish to inform that we have on 4 August 2010, received a press release from Hong Leong Investment Bank Berhad ("HLIB"), on behalf of Signaland, notifying that the Ministry of International Trade and Industry has approved the Offer, subject to the approval from the Securities Commission. The Offer is still subject to the approval from the Securities Commission under the Bumiputera Equity Requirement and clearance by the Securities Commission of the Offer Document. Attached is the press release by HLIB dated 4 August 2010.

Further to our announcement dated 16 July 2010 and 19 July 2010 in relation to the receipt of the Notice of unconditional take-over offer from Hong Leong Investment Bank Berhad on behalf of Signaland Sdn Bhd, the Board of Directors of SSB wishes to announce that the Company has today received a Supplemental Notice.

We refer to our announcement dated 16 July 2010 in respect of the receipt of notice of unconditional take-over offer from Hong Leong Investment Bank Berhad, on behalf of Signaland Sdn Bhd ("Offeror") on the Offeror's obligation to acquire all the ordinary shares of RM1.00 each in SSB which are not already owned by the Offeror and the persons acting in concert with it ("PACs") ("Offer Shares") at a cash consideration of RM2.05 per Offer Share ("Offer"). We wish to clarify that the Offer is not conditional upon any minimum level of acceptances of Offer Shares as the Offeror and its PACs already own more than 50% of the voting shares of SSB. However, the Offer is subject to approvals including ratification, where required, being obtained as follows: (a) the clearance by the Securities Commission ("SC") for the Offer Document; (b) the SC under the Bumiputera Equity Requirement; and (c) the Ministry of International Trade and Industry.

The Board of Directors of the Company ("Board") wishes to announce that the Company has today received a notice of unconditional take-over offer ("Notice") from Hong Leong Investment Bank Berhad, on behalf of Signaland Sdn Bhd ("Offeror") on the Offeror's obligation to acquire all the ordinary shares of RM1.00 each in SSB which are not owned by the Offeror and the persons acting in concert with the Offeror ("Offer Shares") at a cash consideration of RM2.05 per Offer Share. The Board does not intend to seek an alternative person to make a take-over offer for the Offer Shares. The notice will be posted to the shareholders of SSB within 7 days of this announcement.