PROPOSED ACQUISITION OF A FOOD-AND-BEVERAGE COMPANY

With reference to the article in the Edge Malaysia dated 7 March 2015 entitled “Brahim’s to buy The Chicken Rice Shop?”, we wish to confirm that Brahim’s is currently in negotiation to acquire a local food-and-beverage company. The Board of Directors of Brahim’s always strive to create ad increase the shareholders’ value. However, at this juncture, terms and conditions of the proposed acquisition have yet to be agreed upon. Once the terms and conditions have been agreed and an agreement has been executed for the proposed acquisition, the Company shall make an immediate announcement which shall be in compliance with the  Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The Board also wishes to highlight that the proposed acquisition may or may not materialise.

This announcement is dated 9 March 2015.