Reference is made
to the Companys announcement dated 10 April 2013.
The Board of
Directors of Destini Berhad (Destini or the Company) wishes to announce
that the total equity interest held by Destini in SMRT Holdings Berhad (SMRT) has diluted
from 5.85% to 4.98% due to the Private Placement Exercise completed by SMRT on 11
July 2014 and conversion of warrants. In connection therewith, the Company has
ceased to be substantial shareholder of SMRT on 21 July 2014.
This announcement is dated 5 August 2014.