Further Announcement on the Acquisition of Land by Uomo Donna (Malaysia) Sdn

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FURTHER ANNOUNCEMENT ON THE ACQUISITION OF LAND BY UOMO DONNA (MALAYSIA) SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF EKSONS CORPORATION BERHAD FOR A TOTAL CASH CONSIDERATION OF RM16,200,000 Pursuant to our announcement dated 19 September 2012 on the acquisition of land by Uomo Donna (Malaysia) Sdn. Bhd., the Company hereby further announce the following :- 1. Pursuant to the terms of the Settlement Agreement dated 21st February 2011 (“Settlement Agreement”), entered into among inter alia the registered owner of the Property, LB and the Vendor; the registered owner of the Property is to transfer certain properties which include the Property to the Vendor (in its capacity as security agent for LB) or other nominee of LB, and pending completion of the transfer, LB is the sole beneficial owner of the Property. In view of the sale of the Property to the Purchaser, the Property will be transferred directly to the Purchaser. The Settlement Agreement has not been completed to date. 2. The Property was valued at RM16,200,000 by Rahim & Co Chartered Surveyors (NS) Sdn Bhd on 10th August 2012 using the Comparison Method. 3. The Acquisition is funded by internally generated funds. There are no liabilities or contingent liabilities or guarantees which will be assumed by the Company arising from the Acquisition. 4. The Property has been approved for residential and commercial development. It is located approximately 500 metres from the Mambau Toll Plaza and is in the vicinity of KM8 of Jalan Seremban-Port Dickson Highway and Seremban 3, Negeri Sembilan Darul Khusus. It is situated about 8 kilometres due south-west of Seremban town centre. Housing schemes and residential settlements located in the vicinity include Taman Rasah Jaya, Taman Desa Rasah. Taman Rasah, Taman Sungai Ujong, Taman Negri, Taman Sri Rasah and Taman Harapan Baru. Also located in the vicinity are the Seremban 3 Paradise Valley Golf Resort and a new UITM campus which is under construction. 5. The Board of Directors of the Company arrived at its opinion on the Acquisition after having considered the following: a. The Acquisition will increase the Group’s property development division’s landbank for future development. b. The development potential of the Property which is suitable for residential and commercial development; c. The general location and accessibility of the Property; d. The established infrastructure and public utilities in the vicinity of the Property e. The tenure of the Property which is freehold; and f. The market value of the Property 6. The highest percentage ratio applicable for the Acquisition pursuant to paragraph 10.02(g) of the Bursa Malaysia Securities Main Market Listing Requirements is 3.9% as opposed to 9.1% which was previously announced. .

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