Further to our announcement dated 3 February 2016 in relation to the Share Purchase Agreement (“SPA”) with SELEX Sistemi Integrati S.p.A. In Liquidazione (“SELEX”) to purchase four hundred and fifty thousand (450,000) ordinary shares (“Sale Shares”) of Ringgit Malaysia One each (RM1.00) representing thirty per cent (30%) equity interest in Comlenia Sdn Bhd (“Comlenia”) for a total cash consideration of Ringgit Malaysia Five Hundred and Forty Thousand (RM540,000.00), the Board of Directors of Comcorp wishes to announce that the transaction is deemed completed on 14 March 2016 and  the four hundred and fifty (450,000) ordinary shares of RM1.00 each are  legally registered in Comintel Sdn Bhd’s name today. Thus, as of today, Comlenia is a wholly-owned subsidiary of Comintel Sdn Bhd which in turn, is a wholly-owned subsidiary of Comcorp.

This announcement is dated 29 March 2016.