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15 June 2015

Completion of Special Audit Report by UHY FLVS Sdn Bhd (UHY)

(Unless otherwise stated, definitions used in this announcement shall carry the same meaning as defined in the Company’s announcements dated 27 April 2015, 30 April 2015 and 12 May 2015 in relation to the delay in release of the Audited Financial Statements for the year ended 31 December 2014 (“AFS 2014”))                                              

The Board of Directors of MASTEEL wishes to announce that the Special Auditors, UHY had, today completed the independent and comprehensive Special Audit Report on the various issues raised pertaining to the classification, validity and recoverability of various transactions carried out by the Company for the financial year ended 31 December 2014 raised by Messrs Nexia SSY, the External Auditors.

UHY had presented and submitted their findings to the Audit Committee and the Board of Directors respectively wherein they had reviewed, considered and agreed to the positive findings of the said Special Audit Report.

The Company will make the relevant announcement on the AFS 2014 by 19 June 2015.

This announcement is dated 15 June 2015.

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