Take-overs & Mergers (Paragraph/Rule 9.19 (47A))

(Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the announcements dated 9 March 2018, 14 March 2018 and 26 March 2018 (“Announcements”))

We refer to the Announcements.

The Board of Directors of MBMR wishes to announce that the Board had received a letter from Med-Bumikar today informing that notwithstanding the rejection of the Offer by the Board of Directors of Med-Bumikar and Central Shore, UMWH had vide its letter dated 26 March 2018 to Med-Bumikar and Central Shore notified that the Board of Directors of UMWH is of the view that the terms of their letter of offer dated 7 March 2018 are reasonable and therefore, UMWH would like to engage with Med-Bumikar, Central Shore and their respective shareholders to discuss the merits of the Proposed Acquisition. UMWH also notified that the Offer remains valid until 30 April 2018 for Med-Bumikar and Central Shore to reconsider their positions.

MBMR is further notified that Med-Bumikar and Central Shore have vide a letter dated 2 April 2018 informed UMWH that the Board of Directors of Med-Bumikar and Central Shore has deliberated on the Offer and is of the view that the Offer is unreasonable and has therefore decided to reject the Offer, as notified to UMWH on 26 March 2018. Notwithstanding UMWH’s purported attempt to extend the validity period of the Offer, Med-Bumikar and Central Shore stand firm by their decision and would not reconsider the Offer.

MBMR is also notified that Med-Bumikar and Central Shore have objected to UMWH’s intended action to engage with their key principals, being the brand owners of the distributorship marques, on the merits of the Proposed Acquisition, as announced by UMWH on 26 March 2018 and have requested UMWH to refrain from taking such intended action as it may confuse or mislead their key principals and may jeopardise their business contracts and/or relationship with their key principals.

We wish to emphasise that there is no certainty that the Offer will lead to any conclusive or definitive understanding between the parties. There is therefore no certainty that UMWH will extend the Proposed MO for all the remaining MBMR Shares not already owned by UMWH and persons acting in concert with it, if any.

An appropriate announcement will be made by MBMR as and when there are material developments relating to the Proposed Acquisition. Shareholders are advised to exercise caution when dealing in MBMR Shares and to seek independent advice if they wish to do so.

This announcement is dated 2 April 2018.