GENERAL ANNOUNCEMENT: PROPOSED ACQUISITION OF 51% EQUITY INTEREST IN DEWINA HOST SDN BHD FOR CASH CONSIDERATION OF RM20 MILLION (16 May 2011)

The new core business of food services of Tamadam and its subsidiaries (“Group”) continues to be the main contributor to the Group’s results. It is the intention of the Board of Directors of Tamadam (“Board”) to focus on its food and beverage business and competencies. To reinforce the Group’s foothold in restaurant operations, on behalf of the Board, HwangDBS Investment Bank Berhad wishes to announce that Tamadam has on 16 May 2011 entered into a conditional share sale agreement with Dewina Holdings Sdn Bhd for the Proposed Acquisition.