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21 May 2010

Further to the announcement dated 18 May 2010, MIMB Investment Bank Berhad, on behalf of the Board of Masteel, is pleased to announce that the listing application in relation to the Proposed Warrants Issue has been submitted to Bursa Securities on 21 May 2010.

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 21 May 2010.
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