MAH SING GROUP BERHAD (“MAH SING” OR “COMPANY”)

PROPOSED JOINT DEVELOPMENT OF A PARCEL OF PRIME LAND ALONG JALAN TUN RAZAK, KUALA LUMPUR MEASURING APPROXIMATELY 4.08 ACRES (WHICH FORMS PART OF THE APPROXIMATELY RM9 BILLION 58-ACRE RIVERSIDE URBAN REGENERATION PROJECT), BY MAH SING’S WHOLLY-OWNED SUBSIDIARY, GRAND PAVILION DEVELOPMENT SDN BHD WITH ASIE SDN BHD AND USAHA NUSANTARA SDN BHD

1. INTRODUCTION

The Board of Directors of Mah Sing (“ Board ”) wishes to announce that its wholly- owned subsidiary, Grand Pavilion Development Sdn Bhd (“ Grand Pavilion ”), had on 2 August 2011, entered into a Joint Venture Agreement (“ JVA ”) with Asie Sdn Bhd (“ Asie ”) and Usaha Nusantara Sdn Bhd (“ Usaha Nusantara ”), a wholly-owned subsidiary of Asie, for the proposed joint development of a parcel of prime leasehold land situated along Jalan Tun Razak measuring approximately 4.08 acres held under Lot P.T. 76, Seksyen 47, Jalan Tun Razak, Kuala Lumpur (“ JV Land ”) (“ Proposed Joint Development ”). Under the terms of the JVA, Usaha Nusantara shall grant Grand Pavilion the sole and absolute right to undertake the development of the JV Land for an entitlement of RM106.60 million to be settled 60% in cash (RM63.96 million) and 40% by way of issuance of shares in the share capital of Grand Pavilion. Grand Pavilion, Asie and Usaha Nusantara shall collectively be referred to as “JV Parties”.

The JV Land is in Precinct 2 - Pekeliling of the River Corridor Development under the Blue Corridor policy of Kuala Lumpur City Plan 2020, forms part of the privatized urban regeneration project of the Tunku Abdul Rahman Flats (or commonly known as the Pekeliling Flats) whereby Asie has been granted the concession rights and approvals for a mixed development comprising residential and commercial properties and community, leisure, recreation and infrastructure facilities on 15 parcels of development land together with 5 air rights (“ Concession Land ”). The JV Land is ready for immediate development as demolition works, soil investigations and partial earthworks have been completed thus enabling fast turnaround time for the project. These substantial time and cost savings fit in well with the Group’s quick turnaround business model .

Based on preliminary plans, the JV Land is proposed for a niche development with an estimated GDV of approximately RM900 million, tentatively called M Sentral comprising flexible sized and more affordable serviced residences as there is strong demand due to lower entry prices, as well as some retail units. There is also a provision for a sky bridge’s connection to the balance of the 58-acre land, in line with the understanding that Mah Sing may be the potential joint venture partner for other parcels within the Concession Land subject to terms and conditions to be mutually agreed upon. Given Mah Sing’s strong execution track record, any discussions to tap on the synergy that can be derived from a comprehensive master plan based on similar concept and arrangements for other parcels of land under this privatized urban regeneration plan could be worked out as both parties continue to establish a strong relationship.

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Grand Pavilion will be submitting to the relevant authorities for approval on the proposed development plan. Subject to authorities’ approval and fulfillment of the conditions precedent herein, the proposed development is expected to commence by the first half of 2012 and to be developed over a span of 5 years. Awareness programme and registration of interest for M Sentral are expected to commence in second half of 2011.

2. THE PROPOSED JOINT DEVELOPMENT

The details of the Proposed Joint Development are as follows:-

2.1 Information on Grand Pavilion

Grand Pavilion is a private limited company incorporated in Malaysia on 14 August 2009 under the Companies Act, 1965. The present authorised share capital of Grand Pavilion is RM100,000 comprising 100,000 ordinary shares of RM1.00 each, of which 2 ordinary shares of RM1.00 each have been issued and fully paid-up. Grand Pavilion is currently dormant.

2.2 Information on Usaha Nusantara and Asie

2.2.1 Usaha Nusantara is a private limited company incorporated in Malaysia on 29 April 1998 under the Companies Act, 1965. The present authorised share capital of Usaha Nusantara is RM100,000 comprising 100,000 ordinary shares of RM1.00 each, of which 2 ordinary shares of RM1.00 each have been issued and fully paid- up. Usaha Nusantara is principally involved in property development. Usaha Nusantara is a wholly-owned subsidiary of Asie.

2.2.2 Asie is a private limited company incorporated in Malaysia on 25 April 1977 under the Companies Act, 1965. It was incorporated under the name of Akasah Holdings Sdn Bhd and changed to its present name on 6 August 1979. The present authorised share capital of Asie is RM50,000,000 comprising 50,000,000 ordinary shares of RM1.00 each, of which 46,650,000 ordinary shares of RM1.00 each have been issued and fully paid-up. Asie is principally involved in investment holding, trading, subcontract services and providing project management services.

2.3 Information on the JV Land

By a Concession Agreement dated 19 August 1999 entered into between Asie, the Government of Malaysia and Syarikat Tanah Dan Harta Sdn Bhd (“ Concession Agreement ”), Asie as the concession holder has been granted the full rights of development of and approvals for a mixed development comprising residential and commercial properties and community, leisure, recreation and infrastructure facilities on 15 parcels of development land together with 5 air rights, comprising approximately 58 acres of leasehold land including the JV Land with a GDV of approximately RM9 billion. By way of a third party deed of assignment, Usaha Nusantara had assigned all of its rights, title and interests to the JV Land to Asie’s financier as security for Asie’s credit facility.

Based on representations of Usaha Nusantara and Asie, Usaha Nusantara shall be the beneficial owner of the JV Land. Separate and individual title for the JV Land has been issued in favour of Syarikat Tanah Dan Harta Sdn Bhd and the same is now ready to be transferred to Usaha Nusantara. Further, the JV Land shall be a leasehold land for a full 99 year period effective from the date of Usaha Nusantara endorsed as the legal and registered owner thereof.

2 Usaha Nusantara shall deliver and handover the vacant possession of JV Land to Grand Pavilion free from all encumbrances whatsoever and free from all squatters/ tenants / occupants / licensees / structures / places of worship / burial grounds on the date the entire Entitlement in Kind (as defined herein) is fully settled.

The JV Land is in Precinct 2 - Pekeliling of the River Corridor Development under the Blue Corridor policy of Kuala Lumpur City Plan 2020, forms part of the urban regeneration area of the Tunku Abdul Rahman Flats (or commonly known as the Pekeliling Flats) earmarked by Dewan Bandaraya Kuala Lumpur (“ DBKL ”) in its vision to make Kuala Lumpur a World Class City by 2020. In the Kuala Lumpur Structure Plan 2020, the Tunku Abdul Rahman Flats is one of the urban areas identified for redevelopment to create a self contained comprehensive mixed development closely integrated to the Titiwangsa LRT and Monorail stations. Work on the RM4.6 million Titiwangsa LRT and Monorail integration project with Masjid Jamek and KL Sentral stations has already commenced and a future MRT has also been planned for Titiwangsa. With an estimated total gross development value (GDV) of approximately RM9 billion, this sizable 58-acre land slated for urban regeneration is even bigger than the entire Midvalley City. It is set to be a new riverside garden city under the River of Life river beautification programme which is designed to unlock the potential of the land along both sides of the river corridor.

Notably, the JV Land is strategically located within an exceptional connectivity hub. which is off Jalan Tun Razak and Jalan Pahang and is easily accessible by other roads via Jalan Kuching, Jalan Ipoh, Jalan Pahang and Lebuhraya Mahameru. The Titiwangsa Monorail Station and the Titiwangsa STAR LRT Station are within walking distance, only about 100 meters away whilst the Sentul KTM station is approximately 3 km away.

The JV Land is also near to places of interest such as the Istana Budaya, Lake Titiwangsa and the prime commercial area and shopping destination of Kuala Lumpur City Centre (“KLCC”). Other public amenities in the neighbouring area include the National Library, the National Art Gallery, medical facilities such as the National Heart Centre, the General Hospital Kuala Lumpur and Hospital Tawakal; and sports infrastructures such as the Kompleks Sukan Titiwangsa, Stadium Titiwangsa, Titiwangsa Golf Course and Sentul Raya Golf Course.

In terms of education, there are numerous local and international schools in the vicinity such as the Alliance Francaise de Kuala Lumpur, a renowned French language school which is a mere 3.5 km away from the JV Land and Fairview International School.

The location and proposed development components of the Concession Land are in Appendix I.

2.4 Proposed development of the JV Land

The Concession Land (including the JV land) has been granted approvals for a mixed development comprising residential and commercial properties and community, leisure, recreation and infrastructure facilities. The JV Land is currently vacant and ready for immediate development. Based on preliminary plans, the JV Land is proposed for a niche development with an estimated GDV of approximately RM900 million, tentatively called M Sentral comprising flexible sized and more affordable serviced residences as there is strong demand due to lower entry prices, as well as some retail units. There is also a provision for a sky bridge’s connection to the balance of the 58-acre land, in line with the understanding that Mah Sing may be the potential joint venture partner for other parcels within the Concession Land subject to terms and conditions to be mutually agreed upon. Mah Sing Group intends to infuse its own signature branding to the proposed development by

3 offering unique and innovative concepts to cater to the demand and needs of the market.

The target market for M Sentral would be the executives, expatriates and even those working in the medical fraternity in view of the ease of access to the prime commercial areas, tourist attraction areas, medical facilities, amenities and network of public transportation in the surrounding area.

Grand Pavilion will be submitting to the relevant authorities for approval on the proposed development plan. Therefore, it is too preliminary at this stage to ascertain the total development cost and the expected profit to be derived from the proposed development. Subject to authorities’ approval and fulfillment of conditions precedent herein, the proposed development is expected to commence by the first half of 2012 and to be developed over a span of 5 years. Awareness programme and registration of interest for M Sentral are expected to commence in second half of 2011.

2.5 Basis of consideration

The entitlement payable to Usaha Nusantara under the Proposed Joint Development amounting to RM106.60 million (“ Entitlement ”) was arrived after taking into consideration the following:

(a) development potential of the JV Land arising from:- (i) its established location in the high end area close to Jalan Pahang fronting the main road of Jalan Tun Razak with excellent existing connectivity through some major roads such as Jalan Kuching, Jalan Ipoh, Jalan Pahang and Lebuhraya Mahameru; (ii) close to comprehensive range of amenities, infrastructures and facilities; (iii) Titiwangsa identified as one of the transportation hub for the northern part of the city centre; and (iv) The site of the JV Land is within the catchment area of Kuala Lumpur, Jalan Ipoh, Sentul and also Petaling Jaya as it is near to transportation facilities such as the LRT and monorail stations.

(b) scarcity of commercial and residential land in the highly sought after address of Jalan Tun Razak, being one of the hotspots in the city centre and the close proximity to the prime commercial area of KLCC that also serves as a tourist attraction;

(c) potential future value upside from the regeneration efforts to be undertaken by DBKL;

(d) the JV Land is currently vacant and flat in terrain hence earthwork costs is minimum and there would not be any additional cost to be incurred for the demolition of the buildings; and

(e) Approval for the mixed development has already been granted for the Concession Land (including the JV Land).

No valuation was carried out on the JV Land. Mah Sing is not able to disclose the net book value of the JV Land as the Company is not privy to this information.

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2.6 Salient terms of the JVA

The salient terms of the JVA include, amongst others, the following:

2.6.1 Terms of payment of the Entitlement

The Entitlement for the JV Land is to be settled by Grand Pavilion to Usaha Nusantara in the following manner:-

(a) 60% of the Entitlement shall be satisfied by way of the payment of RM63,960,000 (“ Entitlement in Cash ”) as follows:-

(i) 10% of the Entitlement in Cash amounting to RM6,396,000 only (“ Deposit ”) shall be paid to Usaha Nusantara’s solicitors as stakeholders upon the execution of the JVA and is to be released to Usaha Nusantara upon the Effective Date (as defined herein); and

(ii) The balance 90% of the Entitlement in Cash amounting to RM57,564,000 only (“ Balance Entitlement in Cash ”) shall be paid to Usaha Nusantara and/or Asie’s financier within 3 months from the Effective Date (as defined herein) with an automatic extension of one (1) month. The date on which the full Balance Entitlement in Cash is paid shall be referred to as the “ Payment Date ”; and

(b) Balance 40% of the Entitlement shall, within 14 days after the Payment Date be satisfied by way of the issuance of such number of shares in the share capital of Grand Pavilion, representing forty percent (40%) of the share capital of Grand Pavilion (“ Shares ”) to Usaha Nusantara or such party as Usaha Nusantara may direct upon the issuance thereof (“ Entitlement in Kind ”) as the full and final settlement of the Entitlement.

For the purpose of 2.6.1(b) above, both Mah Sing and Usaha Nusantara had entered into a shareholders’ agreement on 2 August 2011 (“ Shareholders’ Agreement ”) to regulate their relationships, rights and obligations in Grand Pavilion.

2.6.2 Conditions precedent

The Proposed Joint Development is subject to and conditional upon the following conditions precedent (“ Conditions Precedent ”) being obtained or fulfilled within 3 months from the date of the JVA or such other extension or extensions of time as may be mutually agreed by the JV Parties (“ CP Fulfillment Period ”):-

(a) the receipt by Grand Pavilion of the original issue documents of title to the JV Land with Usaha Nusantara endorsed as the legal and registered owner thereof and/or such other arrangement as may be acceptable to Grand Pavilion at Grand Pavilion’s sole and absolute discretion (“ Original Documents of Title ”);

(b) the approval by the relevant authorities for the relevant amendment layout plan/development order for the JV Land to Grand Pavilion’s satisfaction and with plot ratio of not less than 7.0;

(c) the state authority’s consent to charge the JV Land by Usaha Nusantara in favour of Grand Pavilion’s financier, if required;

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(d) the loan granted to Grand Pavilion to finance the payment of the Entitlement in Cash less the Deposit, and the development of the JV Land to be secured by such security instruments, upon the terms and conditions acceptable to Grand Pavilion; and

(e) all other necessary approval(s) from financiers, and where legally required, the consents of the parties to the Concession Agreement and other relevant authorities.

In the event the Conditions Precedent are not fulfilled or obtained by Usaha Nusantara within the CP Fulfillment Period, Grand Pavilion shall be entitled to terminate the JVA whereupon the Deposit together with interest earned thereon shall forthwith be refunded to Grand Pavilion in full or to proceed with the JVA by waiving the fulfillment of any of the Conditions Precedent.

The date on which all the Conditions Precedent are fulfilled (save for those waived by Grand Pavilion, if any) shall be referred to as the “ Effective Date ”.

2.7 Salient terms of the Shareholders' Agreement

The salient terms of the Shareholders’ Agreement, inter alia, are as follows:-

(a) Mah Sing and Usaha Nusantara hereby agree that their shareholdings in Grand Pavilion shall be maintained at all times in the following proportions:-

Parties Percentage of shareholding Mah Sing 60% Usaha Nusantara 40%

(b) Grand Pavilion shall have a maximum of 7 directors;

(c) The day to day management of Grand Pavilion shall be carried out by such number of persons as may be nominated by Mah Sing; and

(d) The development project(s) of Grand Pavilion shall be managed by Mah Sing or its subsidiary (“Project Manager”). The Project Manager shall be entitled to charge Grand Pavilion a project fee.

The Shareholders’ Agreement shall be conditional upon the fulfillment of section 2.6.1 (b) above.

2.8 Source of funding

The Group intends to fund the Proposed Joint Development and the development cost of the JV Land through internally generated funds, proceeds from the bonds issuance completed on 10 June 2011 and/or bank borrowings. The exact mix of funding will be decided by the management of the Group at a later stage. The management will choose the most optimum mix taking into consideration, its gearing level, interest costs as well as internal cash requirements for its business.

2.9 Assumption of liabilities

There are no other liabilities, including contingent liability and guarantee, to be assumed by the Group arising from the Proposed Joint Development.

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3. RATIONALE FOR THE PROPOSED JOINT DEVELOPMENT

Mah Sing Group’s expansion strategy in Malaysia is to acquire choice land bank in multiple prime locations in Greater KL (Klang Valley and Kuala Lumpur), Penang island and Johor Bahru which targets different segments of the medium to high end property market.

Based on Mah Sing’s market research and as stated by industry experts, demand for well-located smaller units of high rise dwellings close to the central business district is expected to remain strong from younger middle-class buyers. Mah Sing has had a proven track record in high rise serviced residence development with the successful launch of M-Suites along Jalan Ampang which is nearly fully taken up. The encouraging results reflect the buyers’ confidence in the Mah Sing brand and ability to deliver quality products on a timely basis. In addition, M-City, another Mah Sing project along Jalan Ampang, had also garnered strong interest for the project during its recent preview of its small office and home office (SoHo) units where it enjoyed a 100% take up for Phase 1A of its SoHo units. The recent successful launch of the Group’s flagship project - Icon City where the Group was able to rack up sales of RM426.5million from the commercial i-SoVo (small office versatile office) units, 30 Jewels (7&8 storey shop offices) and Gourmet Street (1&2 storey retail shops) is also a testament to the Group’s product offerings.

The Group is confident of replicating that success with M Sentral which would play an integral part in the masterplan of promoting urban renewal efforts of one of the city’s earliest housing projects. As part of a mega urban regeneration project under the auspices of the Entry Point Projects (“EPP”), there is significant upside potential for M Sentral and the Concession Land. The proposed development of M Sentral would also allow Mah Sing Group to capture a larger share of the market via simultaneous launches in one of Klang Valley’s matured and property hotspots.

The strategic location of the JV Land further supports the vast potential of M Sentral. The project is poised to be the next major transportation hub offering lifestyle properties complemented by exceptional connectivity via various transportation means be it via the monorail, LRT and KTM. Such connectivity would place the JV Land in a good position to benefit from the present and future infrastructure developments for the urban regeneration plans that have been outlined by DBKL for the Pekeliling area and efforts to promote Titiwangsa as the transportation hub for the northern part of the city centre.

The JV Land is currently vacant and is ready for immediate development, enabling fast turnaround time for the project. These substantial time and cost savings fit in well with the Group’s quick turnaround business model.

Apart from enjoying the significant multiplier effect from the urban regeneration project, Mah Sing Group believes it is able to improve the quality of life and housing supply in the neighbourhood.

Furthermore, the JV Land’s prime location and the proposed innovative development concept will make it a preferred residential address as well as an excellent choice for those intending to set up businesses in the area or for investment purposes.

Further to this, there is also a mutual understanding that Mah Sing may be the potential joint venture partner for the rest of the Concession Land, subject to such terms and conditions as may be mutually agreed upon. Given Mah Sing’s strong execution track record, any discussions to tap on the synergy that can be derived from a comprehensive master plan based on similar concept and arrangements for

7 other parcels of land under this privatized urban regeneration plan could be worked out as both parties continue to establish a strong relationship.

4. PROSPECTS AND RISK FACTORS

4.1. Malaysian economic overview and outlook

The Malaysian economy registered a growth rate of 4.6% in the first quarter of 2011 (4Q 10: 4.8%). The expansion in domestic demand was supported by higher private sector spending, while external demand also recorded a stronger growth during the quarter, mainly as a result of regional demand for commodities and non-E&E products. On the supply side, all major economic sectors, except the primary commodity sector, continued to expand during the quarter, albeit at a more moderate pace.

The sustained expansion in the first quarter underscores the steady pace of growth of the Malaysian economy, underpinned by the continued expansion of domestic demand amid improving external demand arising from higher commodity exports and stronger regional demand. Going forward, growth is expected to be sustained. Growth in private consumption will continue to be firm, given the favourable employment conditions and income growth, while private investment is expected to strengthen further amid an improving outlook for the domestic economy and the further expansion of new growth industries. Being a highly open economy however, the domestic economy may be affected by developments in the global environment. Nevertheless, Malaysia’s strong economic fundamentals and policy flexibility have increased its resilience and improved ability to manage these challenges.

(Source: Press Statement “Economic and financial developments in Malaysia in the first quarter of 2011” issued by Bank Negara Malaysia on 18 May 2011)

4.2 Prospects of property market in Klang Valley

The Malaysian property market is expected to be promising, being supported by various measures proposed under the 10 th Malaysia Plan and Budget 2011. The budget emphasized efforts to transform the nation into a developed and high- income economy with inclusive and sustainable development, spearheaded by the private sector.

Incentives announced under the 10 th Malaysia Plan and Budget 2011 which includes the development of Kuala Lumpur International Financial District, the MRT in Greater KL (Klang Valley and Kuala Lumpur) and mixed development in Sungai Buloh will provide the much needed boost for the residential sub-sector, especially in improving the take-up of newly launched residential units.

(Source : Outlook for 2011, Property Market Report 2010, Valuation and Property Services Department, released on 20 April 2011)

According to RAM Economic Research, moderately strong performance of the Malaysian economy, together with favourable demographics, income and employment growth, urbanisation and accommodative financing conditions, will support continuing growth of the property market which is the largest contributor to the country’s capital stock (estimated RM910 billion or 66% of the total in 2009).

Total value of residential and commercial property stock in the country is projected to increase at 8-10% annually over the present decade (2011-20) from an average of 5.9% per annum achieved in 2001-09 period.

8 Construction sector, including infrastructure and property sector covering both residential and commercial properties, is among the key beneficiaries of the Economic Transformation Programme. Several large property-related EPP together with the new focus on affordable housing for first time buyers will boost the property market while efforts to market Malaysian properties to foreign investors will be needed to sustain demand for the high-end properties.

(Source : "Getting the Big Picture Right: An Update of the Malaysian Economy and the Malaysian Property Market", by Dr. Yeah Kim Leng Group Chief Economist, RAM Economic Research, at the Malaysian Property Outlook 2011 'The Future of the Property Market in Malaysia in Putrajaya International Convention Centre on 8 July 2011)

In view of the above, the Board is optimistic of the prospects of the JV Land and is not aware of any material risk factors arising from the Proposed Joint Development other than the normal market and global economic risks.

5. EFFECTS OF THE PROPOSED JOINT DEVELOPMENT

5.1 Share capital and shareholdings of substantial shareholders

The Proposed Joint Development has no impact on the issued and paid-up share capital of Mah Sing and the shareholdings of the substantial shareholders of Mah Sing as the Entitlement is to be settled 60% in cash and 40% by way of issuance of shares of Grand Pavilion and does not involve any issuance of new ordinary shares in Mah Sing.

5.2 Earnings

The Proposed Joint Development is not expected to have any impact on the earnings of the Group for the financial year ending 31 December 2011 as the development of the JV Land is expected to commence by the first half of 2012. The development of the JV Land is expected to enhance the earnings of the Group in future years.

5.3 Net assets

The Proposed Joint Development will not have any effect on the net assets per share of the Group for the financial year ending 31 December 2011. However, in view of the potential future profit contribution arising from the development of the JV Land, the net assets of the Group are expected to be enhanced over time.

5.4 Gearing

As set out in section 2.8 herein, the Proposed Joint Development is expected to be funded from the Group’s internally generated funds, proceeds from the bonds issuance completed on 10 June 2011 and/or bank borrowings. The exact mix will be decided by the management at a later date.

For illustration purposes, based on the audited consolidated financial statements of Mah Sing for the financial year ended 31 December 2010 and the assumption that RM51.17 million representing 80% of the Entitlement in Cash is financed through external borrowings to be procured by the Group, the proforma net gearing position of the Group as at 31 December 2010 would be approximately 0.27 times.

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6. APPROVALS REQUIRED

Save as disclosed in section 2.6.2 herein, the Proposed Joint Development is not subject to Mah Sing shareholders’ or any other governmental authorities’ approvals.

The highest percentage ratio applicable to the transaction pursuant to paragraph 10.02(g) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements is 11.6%.

7. ESTIMATED TIME FRAME FOR COMPLETION

Barring any unforeseen circumstances and subject to the Conditions Precedent as set out in section 2.6.2 herein, the JVA is expected to be completed by the first half of 2012.

8. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST

Insofar as the Directors are aware, none of the Directors and/or major shareholders of Mah Sing and/or persons connected to them have any interests, direct or indirect, in the Proposed Joint Development.

9. DIRECTORS’ RECOMMENDATION

The Board of Mah Sing, having considered all aspects of the Proposed Joint Development, is of the opinion that the Proposed Joint Development is in the best interest of the Group.

10. DOCUMENTS AVAILABLE FOR INSPECTION

The JVA and Shareholders’ Agreement are available for inspection at the registered office of the Company at Penthouse Suite 1, Wisma Mah Sing, No. 163 Jalan Sungai Besi, 57100 Kuala Lumpur, during normal business hours from Mondays to Fridays (except for public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 2 August 2011.

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