MPAY - NOTICE OF RIGHTE ENTITLEMENT

LISTING'S CIRCULAR NO. L/Q : 65303 OF 2012

RENOUNCEABLE RIGHTS ISSUE OF 183,031,190 NEW ORDINARY SHARES OF RM0.10 EACH IN MANAGEPAY (RIGHTS SHARE(S)) TOGETHER WITH 183,031,190 FREE NEW DETACHABLE WARRANTS (WARRANT(S)) AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE TOGETHER WITH ONE (1) FREE WARRANT FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.10 EACH HELD IN MANAGEPAY AT 5.00 P.M. ON 13 JULY 2012 PAYABLE IN FULL UPON ACCEPTANCE.

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex - Rights Issue" ]
as from : [ 11 July 2012 ]

2) The last date of lodgement : [ 13 July 2012 ]

3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

a) Selling Broker to deduct [ 1/2 ] , of the Selling Price against the Selling Client.

b) Buying Broker to deduct [ 10% ] of the Purchase Price against the Buying Client.

c) Between Broker and Broker, the deduction of [ 1/2 ] of the Transacted Price is applicable.