We refer to our announcements dated 25 March 2015, 8 May 2015,16 June 2015 and 20 July 2015 in relation to the Proposed Private Placement (“Announcements”) and the circular dated 25 June 2015 (“Circular”).

All definitions used herein shall have the same meanings as the words and expressions defined in the Announcements and Circular, 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 the Proposed Private Placementhas been completed on 21 July 2015 following the listing of and quotation for 130,293,200 ManagePay Shares on the ACE Market of Bursa Securities.

This announcement is dated 21 July 2015.