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06 Jul 2010

We refer to earlier announcements in relation to the Warrants Issue.

On behalf of the Board of Directors of Masteel, MIMB Investment Bank Berhad (“MIMB”) is pleased to announce that Bank Negara Malaysia had, vide its letter dated 29 June 2010 (which was received on 6 July 2010), approved the issuance of the Warrants by Masteel to the non-resident shareholders of Masteel pursuant to the Warrants Issue. 

For consistency, the abbreviations used above are the same as those previously defined in the Company's announcement dated 18 May 2010.

This announcement is dated 6 July 2010.
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