Reference is made to the announcements on 28 March 2014, 3 April 2014, 14 April 2014, 17 April 2014, 12 May 2014, 3 October 2014, 3 April 2015 and 22 May 2015, and the circular to shareholders of Sunsuria dated 18 April 2014 (“Circular”) in relation to, inter-alia, the renounceable rights issue of 475,084,416 new ordinary shares of RM0.50 each in Sunsuria (“Sunsuria Shares”) (“Rights Shares”) on the basis of three (3) Rights Shares for every one (1) existing Sunsuria Share held as at 5.00 p.m. on 25 June 2015, together with 158,361,472 free detachable warrants (“Warrants”) on the basis of one (1) Warrant for every three (3) Rights Shares subscribed for (“Rights Issue with Warrants”).

On behalf of the Board of Directors of Sunsuria (“Board”), RHB Investment Bank Berhad, AmInvestment Bank Berhad and Astramina Advisory Sdn Bhd (collectively referred to as the “Joint Advisers”) wish to announce that the Board has resolved to fix the following prices pursuant to the Rights Issue With Warrants:-

(i)         the issue price of the Rights Shares at RM0.80 per Rights Share; and

(ii)         the exercise price of the Warrants at RM1.50 per Warrant.

The issue price for the Rights Shares represents a discount of approximately 26.17% to the theoretical ex-rights price (“TERP”) of Sunsuria Shares of RM1.0836, computed based on the five (5)-day volume weighted average market price (“VWAMP”) of Sunsuria Shares up to and including 10 June 2015 of RM1.9343.

The exercise price for the Warrants represents a premium of approximately 38.43% to the abovementioned TERP of Sunsuria Shares of RM1.0836.

In addition, Sunsuria had on 11 June 2015 entered into an underwriting agreement with AmInvestment Bank Berhad and RHB Investment Bank Berhad (“Underwriting Agreement”) to underwrite an aggregate of 76,709,416 Rights Shares, representing approximately 16.15% of the total issue size of the Rights Issue with Warrants, based on the issue price of RM0.80 per Rights Share, for which no undertaking from the shareholders of Sunsuria has been obtained, subject to the terms and conditions of the Underwriting Agreement.

Meanwhile, the Joint Advisers also wish to inform that the announcements on the Entitlement Date have been made today in separate announcements.

This announcement is dated 11 June 2015.