We refer to our announcements dated 25 March 2015 and 8 May 2015 in relation to the Proposed Private Placement (“Announcements”).

All definitions used herein shall have the same meanings as the words and expressions defined in the Announcements, except where the context otherwise requires or where otherwise defined herein.

On behalf of the Board of Directors of ManagePay, Kenanga IB wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 15 June 2015, approved the listing and quotation of up to 175,709,931 new ordinary shares of RM0.10 each in ManagePay representing 30% of the enlarged issued and paid-up share capital of ManagePay, to be issued pursuant to the Proposed Private Placement on the ACE Market of Bursa Securities subject to the following conditions:

(i) ManagePay and Kenanga IB must fully comply with the relevant provisions under the Bursa Securities ACE Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;

(ii) ManagePay and Kenanga IB to inform Bursa Securities upon the completion of the Proposed Private Placement;

(iii) ManagePay to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed; and

(iv) A certified true copy of the resolution passed by shareholders at the extraordinary general meeting for the Proposed Private Placement.

This announcement is dated 16 June 2015.