EXTENSION AGREEMENT ENTERED INTO BETWEEN BRAHIM’S AIRLINE CATERING SDN BHD (A 70%-OWNED SUBSIDIARY OF BRAHIM’S) AND MALAYSIAN AIRLINE SYSTEM BERHAD

1. INTRODUCTION

The Board of Directors of the Company wishes to announce that the Company’s 70%-owned subsidiary, Brahim’s Airline Catering Sdn Bhd (“BAC”) has on 31 March 2015 entered into an Extension Agreement (“EA”) with Malaysian Airline System Berhad (“MAS”) to facilitate negotiations for a New Catering Agreement (“NCA”) to be executed between the Parties.

The parties have agreed to extend the NCA Cut Off date from 31 March 2015 to 30 April 2015 (“Extended Date”).

The Parties agreed in good faith to use all reasonable best efforts to complete the negotiations for the NCA on or before the Extended Date.

2. SALIENT TERMS OF THE EA

(a) Purpose of the EA

The purpose of the EA is to give time to finalise the negotiations between the Parties.

(b) The salient term of the EA is as follows:-

The Parties hereby agree that the New Agreement Cut Off Date under the SA shall be extended from 31 March 2015 to 30 April 2015.

3. RATIONALE

The EA is to give more time for the Parties to negotiate and conclude the NCA with a common goal to expedite the signing.

4. EFFECT OF THE EA

The EA is not expected to immediately have material effects on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of Brahim’s for the financial year ending 31 December 2015.

5. INTEREST OF MAJOR SHAREHOLDERS AND DIRECTORS

None of the directors and/or major shareholders of Brahim’s and/or persons connected to them have any interest, direct or indirect, in the EA.

6. DIRECTOR’S STATEMENTS

The Board of Directors of Brahim’s, having considered the rationale and terms of the EA is of the opinion that the execution of the EA is in the best interest of the Company.

7. DOCUMENTS FOR INSPECTION

A copy of the EA is available for inspection at the registered office of the Company located at 10^th Floor, Menara Hap Seng, No. 1 & 3, Jalan P. Ramlee, 50250 Kuala Lumpur during normal business hours on Mondays to Fridays (except Saturdays, Sundays and Public Holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 1 April 2015.