INTRODUCTION

The Board of Directors of MBMR wishes to announce that its 78% owned subsidiary, Oriental Metal Industries (M) Sdn. Bhd. (“OMI”) has subscribed to two (2) ordinary shares of RM1 each representing 100% of the issued and paid-up capital in OMI Alloy (M) Sdn. Bhd. (“OMI Alloy”).

OMI Alloy is a private limited company incorporated on 4 October 2011. Its authorised share capital is RM25,000,000 comprising 25,000,000 ordinary shares of RM1 each, of which 2 ordinary shares have been issued and are fully paid-up.

The intended principal activity of OMI Alloy is the manufacturing of alloy wheels for motor vehicles.

The subscription is not expected to have any material effect on the earnings, net assets and gearing of MBMR for the current financial year ending 31 December 2011. There is no effect on the issued and paid-up share capital and the substantial shareholders’ shareholding in MBMR.

There are no liabilities to be assumed by MBMR as a result of the subscription.

None of the Directors or major shareholders of MBMR or persons connected to them have any interest, direct or indirect, in the subscription.

This announcement is dated 9 December 2011.