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2 June 2015

Delay in Release the Quarterly Report for the Financial Period Ended 31 March 2015 (“1ST Quarterly Report”)

(Unless otherwise stated, definitions used in this announcement shall carry the same meaning as defined in the Company’s announcement dated 26 May 2015 in relation to the application for an extension of time up to 31 July 2015 to release 1st Quarterly Report)

We refer to our announcement dated 26 May 2015 on the delay in furnishing its 1st Quarterly Report to Bursa Malaysia Securities Berhad (“Bursa Securities”), wherein the Company will not be able to release its 1st Quarter Report by 31 May 2015, the period not exceeding two (2) months after the end of 31 March 2015 (“Relevant Timeframe”).

The Board of Directors of MASTEEL wishes to further announce the following:-

  1. Pursuant to paragraph 9.28(5) of the Main Market Listing Requirements of Bursa Securities (“MMLR”), Bursa Securities has suspended the trading in MASTEEL’s securities on Tuesday, 12 May 2015 at 9.00 a.m. in view that the Company is not able to release its Audited Financial Statements for the financial year ended 31 December 2014; and
  2. Pursuant to Paragraph 9.28(6) of the MMLR, if the Company fails to release its 1st Quarter Report within six (6) months from the Relevant Timeframe, in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall commence de-listing procedures against the Company.

This announcement is dated 29 May 2015.

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