The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 29 April 2015 in relation to the Proposals.

We refer to the announcements dated 29 April 2015 and 2 June 2015 in relation to the Proposals.

On behalf of the Board of Directors of BHS, RHB Investment Bank Berhad (“RHBIB”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 19 June 2015, approved the following:

(a)       listing of up to 106,666,666 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants;

(b)       admission to the official list and the listing of and quotation for up to 213,333,332 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants;

(c)       listing of up to 213,333,332 new BHS Shares to be issued arising from the exercise of the Warrants; and

(d)       listing of such number of additional new BHS Shares, representing up to ten percent (10%) of the issued and paid-up ordinary share capital of BHS (excluding treasury shares), to be issued pursuant to the Proposed ESOS.

The approval granted by Bursa Securities for the Proposals is subject to the following conditions:

(a)       BHS and RHBIB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposals;

(b)       BHS and RHBIB to inform Bursa Securities upon the completion of the Proposals;

(c)       BHS to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed;

(d)       BHS to furnish Bursa Securities with a certified true copy of the resolution passed by shareholders at extraordinary general meeting for the Proposals;

(e)       in respect of the Proposed ESOS, RHBIB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to Paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation; and

(f)       payment of additional listing fees pertaining to the exercise of Warrants and ESOS options. In this respect, BHS is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of the Warrants and ESOS respectively as at the end of each quarter together with a detailed computation of listing fees payable.

This announcement is dated 22 June 2015.