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, 2 June 2015 and 22 June 2015 in relation to the Proposals.

On behalf of the Board of Directors of BHS (“Board”), RHB Investment Bank Berhad wishes to announce that the Company had on 30 June 2015 received a letter from Pelaburan MARA Berhad (“Pelaburan MARA”) which states that Pelaburan MARA wishes to retract their irrevocable undertaking to subscribe in full for the Rights Shares in relation to the Proposed Rights Issue with Warrants as they will not be able to proceed with the undertaking to subscribe for the Rights Shares as scheduled based on the estimated timeframe indicated in the Company’s announcement dated 29 April 2015.

Notwithstanding Pelaburan MARA’s purported retraction of their undertaking, and with a view to ensure the successful implementation of the Proposals, the Board is pleased to announce that they have further procured new irrevocable and unconditional additional undertaking from one of the substantial shareholders, Dato’ Lim Thiam Huat (“Dato’ Lim”) to subscribe for the Rights Shares to include Pelaburan MARA’s previous irrevocable undertaking of 13,925,925 Rights Shares (“New Additional Undertaking”). BHS had earlier procured additional irrevocable undertaking from Dato’ Lim to subscribe for fifty percent (50%) or up to 30,674,076 Rights Shares, of all the remaining Rights Shares which are not subscribed by the other Entitled Shareholders (“Additional Undertaking”). Collectively, the Additional Undertaking and New Additional Undertaking are referred to as the “Revised Additional Undertakings”.

Further details of the Revised Additional Undertaking are as attached.

This announcement is dated 30 June 2015.