On behalf of the board of directors of Sunsuria ("Board"), Inter-Pacific Securities Sdn Bhd ("IPS") and Astramina Advisory Sdn Bhd ("Astramina") wish to announce that the Company proposes to undertake the following:

1. proposed subscription of 2,550,000 new ordinary shares in Sunsuria Forum Sdn. Bhd., a 51% owned subsidiary of Sunsuria (“SFSB”) (“SFSB Share(s)”), in relation to the proposed rights issue by SFSB of 5,000,000 new SFSB Shares on the basis of twenty (20) new SFSB Shares for every one (1) existing SFSB Share (“SFSB Rights Share(s)”) held at an issue price of RM17.40 per SFSB Rights Share (“Proposed SFSB Subscription”);

2. proposed allotment and issuance of 65,083,000 new ordinary shares in Sunsuria (“Sunsuria Share(s)”) (“Issuance Share(s)”) to Ter Capital Sdn. Bhd. (“TCSB”) at an issue price of RM0.655 per Issuance Share for a total cash consideration of RM42,629,365 (“Proposed Issuance of Shares”); and

3. proposed establishment of an employees’ share option scheme (“ESOS”) of up to 10% of the total number of issued shares of the Company at any point in time to be granted to the eligible directors and employees of Sunsuria and its subsidiaries (excluding subsidiary companies which are dormant) (“Proposed ESOS”).

The Proposed SFSB Subscription, the Proposed Issuance of Shares and the Proposed ESOS are collectively referred to as the "Proposals".

Further details of the Proposals are set out in the attachment.

This announcement is dated 28 February 2019.