On behalf of the Board of Directors of ECM Libra Financial Group Berhad ("ECMLFG" or the "Company"), the Company wishes to announce that ECMLFG proposes to undertake a distribution exercise to its entitled shareholders of up to approximately RM320.10 million by way of cash distribution or a combination of cash and distribution-in-specie of ordinary shares and/or warrants of Eastern & Oriental Berhad, a company listed on the Main Market of Bursa Malaysia Securities Berhad, to be implemented in the following manner:

(i) A proposed share capital reduction by ECMLFG equivalent to approximately RM234.74 million (based on the Company's current issued and paid-up share capital), or RM0.88 per ordinary share of par value RM1.00 each in ECMLFG; and

(ii) The remaining amount of up to RM85.36 million or RM0.32 per ECMLFG Share held by way of a proposed special dividend.

Details of the abovementioned proposals are set out in the attachment.

This announcement is made on 1 June 2015.

Attachment(s):- ECM Announcement-1June2015.pdf