BRAHIMS – OTHERS BRAHIM’S HOLDINGS BERHAD (“BRAHIM’S” OR THE “COMPANY”) – SETTLEMENT AGREEMENT ENTERED INTO BETWEEN BRAHIM’S AIRLINE CATERING SDN BHD (A 70%-OWNED SUBSIDIARY OF BRAHIM’S) AND MALAYSIAN AIRLINE SYSTEM BERHAD

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 26 February 2015 entered into a Settlement Agreement (“SA”) with Malaysian Airline System Berhad (“MAS”) as part of the MAS Recovery Plan announced by Khazanah Nasional Berhad on 29 August 2014. BAC is currently the exclusive in-flight caterer to MAS under a 25-years catering agreement expiring in 2028 (“Catering Agreement”) in KLIA and Penang International Airport.

Further details of announcement are set out in the attachment below.

Settlement Agreement between BAC and MAS

This announcement is dated 27 February 2015.