The Board of Directors of ManagePay wishes to announce that MPSB had on 24 February 2015 received the LOA dated 18 February 2015 from BNM to issue electronic money (e-money) via the proposed online wallet (MPAY Balance) and prepaid card (MPAY MasterCard). The MPAY Balance and MPAY MasterCard comes with a respective wallet limit of RM10,000 per account holder.

ManagePay shall commence the issuance of the MPAY Balance and MPAY MasterCard within one (1) year from the date of BNM’s letter.

INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/ OR PERSONS CONNECTED WITH THEM

None of the Directors and/ or major shareholders of ManagePay and/ or persons connected with them have any interest, direct or indirect, in relation to the LOA.

This announcement is dated 24 February 2015.