1.   INTRODUCTION

On behalf of Sunsuria Berhad (“the Company” or “Sunsuria”), the Board of Directors wishes to announce that the Company has incorporated a company, namely Sunsuria Everrich Sdn Bhd (“SESB”) with two (2) ordinary shares of RM1.00 each held by its subsidiaries, Sunsuria City Sdn Bhd (formerly known as Sime Darby Sunsuria Development Sdn Bhd) and Sunsuria Gateway Sdn Bhd on 20 April 2016 .

Consequent thereto, SESB become an indirect subsidiary of the Company with the effective interest of 99.99%.

2.   INFORMATION

SESB was incorporated in Malaysia under the Companies Act, 1965 on 20 April 2016. The present authorised share capital of SESB is RM400,000.00 divided into 400,000 ordinary shares RM1.00 each and the paid-up share capital is RM2.00 divided into 2 ordinary shares of RM1.00 each.

The principal activities of SESB are investment holding and property development.

3.    FINANCIAL EFFECTS

The incorporation of SESB as the indirect subsidiary of the Company is not expected to have any material effects on the earnings or net assets of the Company for the financial year ending 30 September 2016.

4.  DIRECTORS’ AND MAJOR SHAREHOLDERS’ AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHAREHOLDER’S INTEREST

Other than via the Company, none of the Directors and/or major shareholders or persons connected to them have any interest, direct or indirect, in the aforesaid incorporation.

5.   STATEMENT BY THE BOARD OF DIRECTORS

The Board of Directors is of the opinion that the incorporation of the indirect subsidiary is to undertake future business expansion and is in the best interest of the Company.

This announcement is dated 21 April 2016.