SANICHI - NOTICE OF BOOK CLOSURE

LISTING'S CIRCULAR NO. L/Q : 66746 OF 2012

Entitlement date to determine the shareholders of Sanichi Technology Berhad (STB) who will be subject to the reduction of the issued and paid-up share capital of STB pursuant to Section 64(1) of the Companies Act, 1965 (Act), involving the cancellation of RM0.08 of the par value of each ordinary share of RM0.10 each in STB (STB Share(s)) and thereafter the consolidation of five (5) ordinary shares of RM0.02 each into one (1) new STB Share of RM0.10 each (Par Value Reduction and Consolidation)

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex - Offer" ]
as from : [ 20 December 2012 ]

2) The last date of lodgement : [ 24 December 2012 ]

Remarks :- Participating Organisations are to take note of the following Capital Reduction and Share Consolidation exercise by
SANICHI TECHNOLOGY BERHAD


The Capital Reduction and Share Consolidation comprise the following:-
a) Reduction of the issued and paid-up share capital of STB pursuant to Section 64(1) of the Companies Act, 1965 (Act), involving the cancellation of RM0.08 of the par value of each ordinary share of RM0.10 each in STB (STB Share(s)) and thereafter
b) The consolidation of five (5) ordinary shares of RM0.02 each into one (1) new STB Share of RM0.10 each (Par Value Reduction and Consolidation)

In relation to the Capital Reduction and Share Consolidation undertaken by SANICHI as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:

a) on or after the Ex-date on 20 December 2012, trading of SANICHI shares will be based on the newly adjusted share after the Capital Reduction and Share Consolidation of SANICHI shares,

b) on the basis of settlement taking place on or after 24 December 2012 with consolidated SANICHI shares of RM 0.10 each, any entitled shareholder who owns SANICHI shares as at Ex-date may sell only up to the maximum SANICHI shares he expects to receive after the Capital Reduction and Share Consolidation, i.e. the reduced amount, on or after the Ex-date 20 December 2012.

With the adjustments pursuant to the Capital Reduction and Share Consolidation effected on SANICHI shareholders CDS account at the end of the Entitlement Date (Books Closure Date), an entitled SANICHI shareholder may use the following basis to estimate the maximum number of SANICHI shares that he may sell from the Ex-date until the Book Closing Date which is from 20 December 2012 until 24 December 2012.


Number of SANICHI shares that may be sold on = Number of shares held x 0.20
20 December 2012 until 24 December 2012 (All fractional shares computed should be disregarded)




Illustration:


For example, if Mr X owns or purchases 1000 SANICHI shares (of RM 0.10 par value each) on cum basis on 19 December 2012, his CDS account would still show 1000 SANICHI shares (of RM 0.10 par value each)) until 24 December 2012. However, as a result of the above Capital Reduction and Share Consolidation exercise, Mr Xs 1000 SANICHI shares of RM 0.10 each in his CDS account will be adjusted to 200 SANICHI shares of RM 0.10 each on the night of 24 December 2012 which is the Book Closing Date. Therefore Mr X may, if he so wishes, sells only up to 200 SANICHI shares of RM 0.10 each on or after the Ex-date i.e. from 20 December 2012 onwards.

Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 20 December 2012 until 24 December 2012, they are only entitled to sell the maximum of 20% of the shares owned. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their clients position.