THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. THISTHISTHIS CIRCULAR CIRCULARCIRCULAR IS ISIS IMPORTANT IMPORTANTIMPORTANT AND ANDAND REQUIRES REQUIRESREQUIRES YOUR YOURYOUR IMMEDIATE IMMEDIATEIMMEDIATE ATTENTION. ATTENTION.ATTENTION. THISIfTHIS you CIRCULAR CIRCULARare in any doubt IS IS IMPORTANT IMPORTANTas to the course AND ANDof action REQUIRES REQUIRES to be taken, YOUR YOUR you IMMEDIATE shouldIMMEDIATE consult ATTENTION.your ATTENTION. stockbroker, bank manager, solicitor, IfIfaccountantIf you youyou are areare in in inor any any anyother doubt doubtdoubt professional as asas to toto the thethe adviser course coursecourse immediately. of ofof action actionaction to toto be bebe taken, taken,taken, you youyou should shouldshould consult consultconsult your youryour stockbroker, stockbroker,stockbroker, bank bankbank manager, manager,manager, solicitor, solicitor,solicitor, If Ifyou you are are in in any any doubt doubt as as to to the the course course of of action action to to be be taken, taken, you you should should consult consult your your stockbroker, stockbroker, bank bank manager, manager, solicitor, solicitor, accountantaccountantaccountant or oror other otherother professional professionalprofessional adviser adviseradviser immediately. immediately.immediately. accountantBursaaccountant Malaysia or or other other Securities professional professional Berhad adviser adviser (“Bursa immediately. immediately. Securities ”) takes no responsibility for the contents of this Circular, makes no BursaBursarepresentationBursa Malaysia MalaysiaMalaysia asSecurities SecuritiesSecurities to its accuracy Berhad BerhadBerhad or(“ (“(“ BursacompletenessBursaBursa Securities SecuritiesSecurities and”) ”)”)expressly takes takestakes no nono disclaims responsibility responsibilityresponsibility any forliability forfor the thethe contents contentswhatsoevercontents of ofof this thisforthis Circular, any Circular,Circular, loss makes howsoever makesmakes no nono BursaBursa Malaysia Malaysia Securities Securities Berhad Berhad (“ (“BursaBursa Securities Securities”)”) takes takes no no responsibility responsibility for for the the contents contents of of this this Circular, Circular, makes makes no no representationrepresentationarisingrepresentation from or as as asin to to toreliance its itsits accuracy accuracyaccuracy upon orthe oror completeness wholecompletenesscompleteness or any andpart andand expresslyof expresslyexpressly the contents disclaims disclaimsdisclaims of this any any anyCircular. liability liabilityliability whatsoever whatsoeverwhatsoever for forfor any anyany loss lossloss howsoever howsoeverhowsoever representationrepresentation as as to to its its accuracy accuracy or or completeness completeness and and expressly expressly disclaims disclaims any any liability liability whatsoever whatsoever for for any any loss loss howsoever howsoever arisingarisingarising from fromfrom or oror in inin reliance reliancereliance upon uponupon the thethe whole wholewhole or oror any anyany part partpart of ofof the thethe contents contentscontents of ofof this thisthis Circular. Circular.Circular. arisingarising from from or or in in reliance reliance upon upon the the whole whole or or any any part part of of the the contents contents of of this this Circular. Circular. MALAYSIAN RESOURCES CORPORATION BERHAD MALAYSIANMALAYSIANMALAYSIAN RESOURCES RESOURCES RESOURCES(Company No. CORPORATION CORPORATION CORPORATION 7994-D) BERHAD BERHAD BERHAD MALAYSIANMALAYSIAN RESOURCES RESOURCES CORPORATION CORPORATION BERHAD BERHAD (Incorporated in (CompanyMalaysia(Company(Company under No. No.No. 7994-D) 7994-D)the7994-D) Companies Act, 1965) (Company(Company No. No. 7994-D) 7994-D) (Incorporated(Incorporated(Incorporated in inin Malaysia MalaysiaMalaysia under underunder the thethe Companies CompaniesCompanies Act, Act,Act, 1965) 1965)1965) (Incorporated(Incorporated in in Malaysia Malaysia under under the the Companies Companies Act, Act, 1965) 1965) CIRCULAR TO SHAREHOLDERS IN RELATION TO CIRCULARCIRCULARCIRCULAR TO TOTO SHAREHOLDERS SHAREHOLDERSSHAREHOLDERS IN ININ RELATION RELATIONRELATION TO TOTO CIRCULARCIRCULAR TO TO SHAREHOLDERS SHAREHOLDERS IN IN RELATION RELATION TO TO PART A PARTPARTPART A AA PARTPART A A MANAGEMENT CONTRACT BETWEEN KWASA UTAMA SDN BHD (FORMERLY KNOWN AS MANAGEMENTMANAGEMENTKWASAMANAGEMENT DEVELOPMENT CONTRACT CONTRACTCONTRACT BETWEEN (1)BETWEENBETWEEN SDN KWASA BHD)KWASAKWASA (“KUSB”) UTAMA UTAMAUTAMA SDN SDNSDNAND BHD BHDBHD MALAYSIAN (FORMERLY (FORMERLY(FORMERLY KNOWNRESOURCES KNOWNKNOWN AS ASAS MANAGEMENTMANAGEMENT CONTRACT CONTRACT BETWEEN BETWEEN KWASA KWASA UTAMA UTAMA SDN SDN BHD BHD (FORMERLY (FORMERLY KNOWN KNOWN AS AS KWASAKWASACORPORATIONKWASA DEVELOPMENTDEVELOPMENTDEVELOPMENT BERHAD (1)(1)(“MRCB”)(1) SDNSDNSDN BHD)BHD)BHD)FOR (“KUSB”)THE(“KUSB”)(“KUSB”) APPOINTMENT ANDANDAND MALAYSIANMALAYSIANMALAYSIAN OF MRCB RESOURCESRESOURCESRESOURCES AS THE KWASAKWASA DEVELOPMENTDEVELOPMENT (1)(1) SDNSDN BHD)BHD) (“KUSB”)(“KUSB”) ANDAND MALAYSIANMALAYSIAN RESOURCESRESOURCES CORPORATIONCORPORATIONMANAGEMENTCORPORATION BERHADBERHADCONTRACTORBERHAD (“MRCB”)(“MRCB”)(“MRCB”) IN CONNECTIONFORFORFOR THETHETHE APPOINTMENTAPPOINTMENTAPPOINTMENT WITH THE OFDEVELOPMENTOFOF MRCBMRCBMRCB ASASAS THETHEANDTHE CORPORATIONCORPORATION BERHADBERHAD (“MRCB”)(“MRCB”) FORFOR THETHE APPOINTMENTAPPOINTMENT OFOF MRCBMRCB ASAS THETHE MANAGEMENTMANAGEMENTCONSTRUCTIONMANAGEMENT CONTRACTORCONTRACTOROFCONTRACTOR A COMMERCIAL INININ CONNECTIONDEVELOPMENTCONNECTIONCONNECTION WITH WITHNAMEDWITH THE THETHEKWASA DEVELOPMENTDEVELOPMENTDEVELOPMENT UTAMA ON A PIECEANDANDAND MANAGEMENTMANAGEMENT CONTRACTORCONTRACTOR ININ CONNECTIONCONNECTION WITHWITH THETHE DEVELOPMENTDEVELOPMENT ANDAND CONSTRUCTIONCONSTRUCTIONOFCONSTRUCTION LAND OWNED OF OFOF BY A AA COMMERCIAL KUSBCOMMERCIALCOMMERCIAL MEASURING DEVELOPMENT DEVELOPMENTDEVELOPMENT 29.82 ACRES NAMED NAMEDNAMEDKNOWN KWASA KWASA KWASAAS PLOT UTAMA UTAMAUTAMA C8 (PART ON ONON A AAOF PIECE PIECEPIECE LOT CONSTRUCTIONCONSTRUCTION OF OF A A COMMERCIAL COMMERCIAL DEVELOPMENT DEVELOPMENT NAMED NAMED KWASA KWASA UTAMA UTAMA ON ON A A PIECE PIECE OFOF85112)OF LAND LANDLAND KWASA OWNED OWNEDOWNED DAMANSARA, BY BYBY KUSB KUSBKUSB MEASURING MEASURINGMEASURING MUKIM SUNGAI 29.82 29.8229.82 ACRES ACRESACRESBULOH, KNOWN KNOWNKNOWN DAERAH AS ASAS PETALING, PLOT PLOTPLOT C8 C8C8 (PART (PART(PART SEKSYEN OF OFOF LOT LOTLOT U4, OFOF LAND LAND OWNED OWNED BY BY KUSB KUSB MEASURING MEASURING 29.82 29.82 ACRES ACRES KNOWN KNOWN AS AS PLOT PLOT C8 C8 (PART (PART OF OF LOT LOT 85112)85112)4016085112) KWASA SHAHKWASAKWASA ALAM, DAMANSARA, DAMANSARA,DAMANSARA, SELANGOR MUKIM MUKIMMUKIM DARUL SUNGAI SUNGAISUNGAI EHSAN BULOH, BULOH,BULOH, FOR A DAERAH DAERAHDAERAHPROVISIONAL PETALING, PETALING,PETALING, TOTAL SEKSYEN SEKSYENSEKSYEN CONTRACT U4, U4,U4, 85112)85112) KWASA KWASA DAMANSARA, DAMANSARA, MUKIM MUKIM SUNGAI SUNGAI BULOH, BULOH, DAERAH DAERAH PETALING, PETALING, SEKSYEN SEKSYEN U4, U4, 4016040160SUM40160 OFSHAH SHAHSHAH RM3,145,493,294 ALAM, ALAM,ALAM, SELANGOR SELANGORSELANGOR PAYABLE DARUL DARULDARUL IN CASH EHSAN EHSANEHSAN (“PROPOSED FOR FORFOR A AA PROVISIONALCONSTRUCTION”)PROVISIONALPROVISIONAL TOTAL TOTALTOTAL CONTRACT CONTRACTCONTRACT 4016040160 SHAH SHAH ALAM, ALAM, SELANGOR SELANGOR DARUL DARUL EHSAN EHSAN FOR FOR A A PROVISIONAL PROVISIONAL TOTAL TOTAL CONTRACT CONTRACT SUMSUMSUM OF OFOF RM3,145,493,294 RM3,145,493,294RM3,145,493,294 PAYABLE PAYABLEPAYABLE IN ININ CASH CASHCASH (“PROPOSED (“PROPOSED(“PROPOSED CONSTRUCTION”) CONSTRUCTION”)CONSTRUCTION”) SUMSUM OF OF RM3,145,493,294 RM3,145,493,294 PAYABLE PAYABLE IN IN CASH CASH (“PROPOSED (“PROPOSED CONSTRUCTION”) CONSTRUCTION”) PART B PARTPARTPART B BB PARTPART B B INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED DIRECTORS AND NON- INTERESTEDINDEPENDENTINDEPENDENTINDEPENDENT SHAREHOLDERS ADVICE ADVICEADVICE LETTER LETTERLETTER OF MRCB TO TOTO THE THE THEIN RELATION NON-INTERESTED NON-INTERESTEDNON-INTERESTED TO THE DIRECTORSPROPOSED DIRECTORSDIRECTORS CONSTRUCTION AND ANDAND NON- NON-NON- INDEPENDENTINDEPENDENT ADVICE ADVICE LETTER LETTER TO TO THE THE NON-INTERESTED NON-INTERESTED DIRECTORS DIRECTORS AND AND NON- NON- INTERESTEDINTERESTEDINTERESTED SHAREHOLDERS SHAREHOLDERSSHAREHOLDERS OF OFOF MRCB MRCBMRCB IN ININ RELATION RELATIONRELATION TO TOTO THE THETHE PROPOSED PROPOSEDPROPOSED CONSTRUCTION CONSTRUCTIONCONSTRUCTION INTERESTEDINTERESTED SHAREHOLDERS SHAREHOLDERS OF OF MRCB MRCB IN IN RELATION RELATION TO TO THE THE PROPOSED PROPOSED CONSTRUCTION CONSTRUCTION AND ANDANDAND ANDAND NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICENOTICENOTICE OF OFOF EXTRAORDINARY EXTRAORDINARYEXTRAORDINARY GENERAL GENERALGENERAL MEETING MEETINGMEETING Principal AdviserNOTICENOTICE for OF OFPart EXTRAORDINARY EXTRAORDINARY A GENERAL GENERALIndependent MEETING MEETING Adviser for Part B PrincipalPrincipalPrincipal Adviser AdviserAdviser for forfor Part PartPart A AA IndependentIndependentIndependent Adviser AdviserAdviser for forfor Part PartPart B BB PrincipalPrincipal Adviser Adviser for for Part Part A A IndependentIndependent Adviser Adviser for for Part Part B B (Company No. 19663-P) (A Participating(Company(Company(Company Organisation No. No.No. 19663-P) 19663-P)19663-P) of Bursa Malaysia (A Participating Organisation of Bursa Malaysia (Company(Company No. No. 19663-P) 19663-P) (A(A(A Participating ParticipatingParticipating SecuritiesOrganisation OrganisationOrganisation Berhad) of ofof Bursa BursaBursa Malaysia MalaysiaMalaysia (A (A(A