1. Introduction

Pursuant to Paragraph 8.04 and Paragraph 2.1(g) of Practice Note 17 ("PN17") of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Board of Directors of ECM Libra Financial Group Berhad ("ECMLFG" or the "Company") wishes to announce that as of the date hereof, ECMLFG is considered a PN17 Company.

The disposal of the entire issued and paid-up share capital of ECM Libra Investment Bank Berhad ("ECMLIB"), a whollyowned subsidiary of the Company, to Kenanga Investment Bank Berhad  had been completed today. As ECMLIB contributed 93.43% of ECMLFG's revenue on a consolidated basis based on the audited financial statements for the financial year ended 31 January 2012, the PN17 criteria was triggered (the "First Announcement").

2. Obligations of the Company as an Affected Listed Issuer

Pursuant to Paragraph 8.04(3) of the MMLR of Bursa Securities,  a PN17 Company must regularise its condition in the following manner:

(i) within 12 months from the date of the First Announcement:

(a) submit a regularisation plan to the Securities Commission ("SC") if the plan will result in a significant change in the business direction or policy of the Company; or

(b) submit a regularisation plan to Bursa Securities if the plan will not result in a significant change in the business direction or policy of the Company, and obtain Bursa Securities' approval to implement the plan; and

(ii) implement the plan within the timeframe stipulated by the SC or Bursa Securities, as the case may be; Further, PN17 of the MMLR of Bursa Securities states that a PN17 Company must announce to Bursa Securities:

 (a) within three (3) months from this First Announcement, on  whether the regularisation plan will result in a significant change in the business direction or policy of the Company;

(b) the status of its regularisation plan and the number of months  to the end of the relevant timeframes referred to in Paragraphs 5.1 or 5.2 of PN17 of the MMLR of Bursa Securities, as may be applicable, on a monthly basis until further notice from Bursa Securities;

(c) its compliance or non-compliance with a particular obligation  imposed pursuant to PN17 of the MMLR of Bursa Securities, on an immediate basis;

(d) details of the regularisation plan ("Requisite Announcement") and sufficient information to demonstrate that the Company is able to comply with all the requirements set out in Paragraph 3.1 of PN17 of the MMLR of Bursa Securities after implementation of the regularisation plan, which shall include a timeline for the complete implementation of the  regularisation plan. The Requisite Announcement must be made by the Company's Principal Adviser; and

 (e) where the Company fails to regularise its condition, the dates of suspension and de-listing of its listed securities immediately  upon notification of suspension and de-listing by Bursa  Securities.

3. CONSEQUENCES OF NON-COMPLIANCE

In the event the Company fails to comply with the obligations to regularise its condition, all its listed securities will be suspended from trading on the next market day after five (5) market days from the date of notification of suspension by Bursa Securities and de-listing procedures shall be taken against the Company, subject to the Company's right to appeal against the de-listing.

4. STATUS OF PLAN TO REGULARISE CONDITION

The Company intends to formulate a regularisation plan to address its PN17 status and this will be announced to Bursa Securities in due course.

This announcement is dated 14 December 2012.