The Board of Directors of ECM Libra Financial Group Berhad ("ECM Libra") wish to announce that the Board has received a Notification of Potential Mandatory General Offer from Mr Lim Kian Onn. The Board was informed that a conditional Share Sale Agreement ("Agreement") has been executed on 23-2-2016 between Amcorp Group Berhad, Hikkaya Jaya Sdn Bhd, Arab-Malaysian (CSL) Sdn Bhd and Equity Vision Sdn Bhd as vendors ("Vendors") and Truesource Sdn Bhd as purchaser ("Purchaser") with respect to 74,194,973 ordinary shares in ECM Libra ("Sale Shares"). The Purchaser is a subsidiary of Plato Capital Limited.

Mr Lim Kian Onn is a director and substantial shareholder of both ECM Libra and Plato Capital Limited.

The Board was informed that under the Agreement, there are conditions precedent which are required to be satisfied in order for the Purchaser to complete the sale and purchase of the Sale Shares. Pursuant to the Malaysian Code on Take-Overs and Mergers, 2010, the Purchaser and/or parties acting in concert will be obliged to undertake a mandatory general offer ("MGO") to acquire all the remaining shares in ECM Libra not already owned by the Purchaser and parties acting in concert when the Agreement becomes unconditional. Mr Lim Kian Onn has informed that upon the Agreement becoming unconditional, he will undertake the MGO in accordance with the provisions of the Malaysian Code on Take-Overs and Mergers, 2010.

This announcement is dated 24 February 2016.