DAYA MATERIALS BERHAD (DMB or the Company)

PROPOSED JOINT VENTURE BETWEEN DAYA PETROLEUM VENTURES SDN. BHD.

(DPV), A SUBSIDIARY OF DMB, CUTECH SOLUTIONS & SERVICES PTE. LTD.
(CUTECH) AND WIRAMAS BAIDURI SDN. BHD. (WIRAMAS) (PROPOSED JOINT
VENTURE)

1. INTRODUCTION

Further to our announcement dated 15 August 2013, the Board of Directors of Daya Materials
Berhad (DMB) is pleased to announce that Daya Petroleum Ventures Sdn. Bhd. (DPV), a
subsidiary of DMB, had on 28 August 2013 acquired 2 ordinary shares of RM1.00 each in Daya
Cutech Inspection Services Sdn. Bhd. (DCIS), for a cash consideration of RM1 for each
ordinary shares from Dato Mazlin Bin Md Junid and Shahul Hamid bin Mohd Ismail. On the
same date, DPV, Cutech Solutions & Services Pte. Ltd. (CUTECH) and Wiramas Baiduri Sdn.
Bhd. (WIRAMAS) has further subscribed 49,998, 30,000 and 20,000 ordinary shares of
RM1.00 each in DCIS for a total cash consideration of RM49,998, RM30,000 and RM20,000
respectively (Shares Subscription) as part of the arrangement for the Proposed Joint Venture.

2. INFORMATION ON DCIS

DCIS or the JV Company was incorporated on 11 July 2013 under the Companies Act, 1965 as a
private limited company with an authorised share capital of RM500,000 divided into 500,000
ordinary shares of RM1 each, of which 100,000 ordinary shares of RM1 each have been issued
and fully paid-up. DCIS is having a registered office address at Level 8, Symphony House, Pusat
Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor. As at the date of this
announcement, DCIS has yet to commence business operation.

The changes in the issued and paid-up capital of DCIS since incorporation are as follow:-

Resultant
issued and
paid-up share
No of ordinary Par value capital
Date of allotment shares allotted RM Consideration RM

11 July 2013 2 2 Cash 2

28 August 2013 99,998 99,998 Cash 100,000

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 The shareholders of DCIS and their respective shareholdings as at 28 August 2013 are as
follows:-

Name Place of No of shares held

Incorporation Direct % Indirect %
DPV Malaysia 50,000 50 - -
CUTECH Singapore 30,000 30
WIRAMAS Malaysia 20,000 20 - -
Total 100,000 100 - -

The Board of Directors of DCIS and their shareholdings as at 28 August 2013 are as follows:-

Name Nationality No of shares held

Direct % Indirect %
Dato Mazlin Bin Md Junid Malaysian - - 4,210(1) 4.21(1)
Tham Jooi Loon Malaysian - - 2,240(1) 2.24(1)
Shahul Hamid bin Mohd Ismail Malaysian - - 10,000(2) 10.00(2)
Govindarasan Mathivanan Singaporean - - 6,858(3) 6.86(3)
Nachimuthu Arunachalam Indian - - 7,092(3) 7.09(3)
Azmi Bin Mohamad Malaysian - - 10,000(4) 10.00(4)
Abdul Rizal Bin Abd Ghaffar Malaysian - - - -

(1) Deemed interest by virtue of the shareholdings in Daya Materials Berhad, a holding company of Daya
Petroleum Ventures Sdn. Bhd. pursuant to Section 134 Companies Act 1965
(2) Deemed interest by virtue of the shareholdings in Daya Petroleum Ventures Sdn. Bhd. pursuant to Section 134
Companies Act 1965
(3) Deemed interest by virtue of the shareholdings in Cutech Solutions & Services Pte. Ltd. pursuant to Section
134 Companies Act 1965
(4) Deemed interest by virtue of the shareholdings in Wiramas Baiduri Sdn. Bhd. pursuant to Section 134
Companies Act 1965

3. COMPLETION

With the above Shares Subscription, the Board of Directors of DMB is pleased to announce that
the Proposed Joint Venture with CUTECH and WIRAMAS had been duly completed on 28
August 2013.

This announcement is dated 28 August 2013.