GENERAL ANNOUNCEMENT: PROPOSED ACQUISITION OF 60% EQUITY INTEREST IN ADMUDA SDN BHD (“ADMUDA”) FOR A PURCHASE CONSIDERATION OF RM20.0 MILLION TO BE SATISFIED VIA A COMBINATION OF CASH OF RM2.1 MILLION AND THE ISSUANCE OF 17,900,000 NEW ORDINARY SHARES OF RM1.00 EACH IN BHB (“BHB SHARES”) AT RM1.00 EACH (“PROPOSED ACQUISITION”) (20 April 2012)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

(Unless otherwise stated, words and expressions used in this announcement shall have the same meaning as those attributed to them in the announcement dated 14 February 2012 in relation to the Proposed Acquisition.)

We refer to the announcements dated 14 February 2012 and 30 March 2012 in relation to the Proposed Acquisition.

On behalf of the Board, HwangDBS wishes to announce that the SSA has become unconditional on 19 April 2012 and accordingly, the completion of the SSA shall take place within 90 days from 19 April 2012.

This announcement is dated 20 April 2012.