ADDITIONAL ANNOUNCEMENT IN RELATION TO THE PROPOSED DISPOSAL

Further to the Company’s announcement on 16 June 2016 in relation to the Proposed Disposal, MB World Group Berhad (formerly known as Emas Kiara Industries Berhad ("MB World" or “the Company”) wishes to announce the following additional information:-

• The terms of the Proposal Disposal were agreed upon on 16 June 2016.

• The draft SPAs and draft Tenancy Agreements are available for inspection at the Registered Office at Suite 5.11 & 5.12, 5th Floor, Menara TJB, No. 9, Jalan Syed Mohd. Mufti, 80000 Johor Bahru, Johor from Monday to Friday (except public holidays) during normal business hours for a period of 3 months from the date of the Announcement.

• The Disposal Consideration is intended to be utilised for payment of development cost for the Pinnacle Tower and working capital requirements of MB Max Sdn. Bhd. during the construction period of the Pinnacle Tower, i.e. up to the 4th quarter of 2017 when the development cost for the Pinnacle Tower is estimated to be fully settled. The final 5% of the purchase price as illustrated in the Instalment Schedule which amount to RM1.33 million in relation to the Disposal Properties is proposed to be utilised for MB Max Sdn. Bhd.'s working capital requirements within 6 months from the date on which they are released to MB Max Sdn. Bhd. by the solicitors.

• Barring any unforeseen circumstances, the Proposed Disposal is expected to be completed by the 4th quarter of 2017 upon completion of the Pinnacle Tower and subsequent delivery of vacant possession of the Disposal Properties to the Purchaser.

This announcement is dated 21 June 2016.