Company No.

: 1245-M

ANNEXURE A: OUR MAJOR LICENCES, PERMITS AND APPROVALS

The operations of our Group are subject to the purview of the MPOB, the Ministry of Domestic Trade, Cooperative and Consumerism ("MDTCC") and the
DOE and primarily governed by the MPOB Act, 1998, the Control of Supplies Act, 1961 and the Environmental Quality Act, 1974. We have obtained all
approvals, major licences and certifications necessary for our business and are in compliance with and expect to continue to comply with, their terms and
conditions.

We set out below our major licences, approvals and permits for our operations as at the LPD. None of these licenses held by our Group have equity
restriction or conditions, unless otherwise stated. Details of our major licences, permits or approvals required together with the main conditions imposed and
status of compliance are as follows:

Approving Description of licencel Statusl

No. authority/Issuer Licensee/Contractor approval Status Main conditions compliance

MPOB LICENCES

1. MPOB (i) B Eldred (for the Eldred Estate) Licences issued to permit, Subsisting (1) This licence shall not be [Complied]
inter alia: assigned to another person.
B Emastulin (for the Tabung
Tentera Sabah Estate and the (i) the sale and transport (2) Any renewal of this licence shall
Segaria Palm Oil of CPO, FFB, PK and be made within a period of not
SPO; less than one month but not
B Sedili (for the Boustead Sedili earlier than three months
Estate) (ii) the purchase and to its expiration.
transport of FFB;
(iv) B Solandra (for the Solandra (3) This licence may be suspended,
Estate and the Stothard Estate) the storage of CPO, cancelled or refused renewal
PK and SPO; and subject to Regulation 15 of the
(v) B Gradient (for the Nak Estate and MPOB (Licensing) Regulations,
the Nak Palm Oil Mill) (iv) the manufacturing of 2005.
FFB.
(vi) B Kanowit Oil Mill (for the Kanowit
Palm Oil Mill)

(vii) B Kanowit (for the Bawan Estate,

the Jih Estate, the Kelimut Estate,
the Maong Estate, the Mapai
Estate and the Pedai Estate)

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 [i0lllpany No.: 1245-M

ANNEXURE A: OUR MAJOR LICENCES, PERMITS AND APPROVALS (Cont'd)

Approving Description of licence/ Status/

No. authorityllssuer Licensee/Contractor approval Status Main conditions compliance

BPB (for the Salau Estate, the

Bebar Estate, the Kuala Muda
Estate, the Lepan Kabu Estate, the
Malakoff Estate and the Lepan
Kabu Palm Oil

Ox) B Rimba Nilai (for the Sung ai-

sungai 1 Estate, the Sungai-sungai
2 Estate, the Kawananan Estate,
the Lembah Paitan Estate, the
Sutera Estate, the Sungai
Segamaha Estate and the Tabung
Tentera Terengganu Estate, the
Sungai Jernih Estate, the
Segamaha Palm Oil Mill, the
Sungai Jernih Palm Oil Mill and the
Rimba Nilai Palm Oil Mill)

(x) B Tinjar (for the Loagan Sunut

Estate, the Bukit Limau Estate and
the Sungai Lefak Estate and the
Loagan Bunut Palm Oil

(xi) B Telok Sengat (for the Batu

Pekaka Estate, the Bekoh Estate,
the Bukit Mertajam Estate, the
Chamek Estate, the Kulai Young
Estate, the Malaya Estate, the
Taiping Rubber Plantation Estate,
the Telok Sengat Estate, the Telok
Sengat Palm Oil Mill and the TRP
Palm Oil

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 Company No.: 1245-M

ANNEXURE A: OUR MAJOR LICENCES, PERMITS AND APPROVALS (Cont'd)

Approving Description of licence/ Status/

No. authorityllssuer Licensee/Contractor approval Status Main conditions compliance

MDTCC LICENCES

2. MDTCC (i) B Eldred the Eldred Estate) To permit the purchase and Subsisting The permit holder must not [Complied]
storage of the following , save for have in his possession or
B Emastulin (for the Tabung scheduled controlled items: the control the scheduled controlled
Tentera Sabah Estate, the Segaria licences items exceeding the quantity as
Estate and the Segaria Palm Oil (i) diesel; referred to stipulated in the individual
Mill) in Note licence.
petrol; and
B Sedili (for the Boustead Sedili (2) This permit is non-transferable.
Estate) chemical fertiliser.
(3) Controlled items as stipulated in
(lv) B Solandra (for the Solandra the individual licence are for
Estate and the Stothard Estate) own use and not for sale.

(v) B Sutera (for the Sutera Estate (4) The holder must keep
and the Resort Estate) proof of purchase of the
controlled items upon
(vi) B Gradient (for the Nak Estate and inspection.
the Nak Palm Oil Mill)
(5) The skid tank where the
(vii) B Kanowit Oil Mill (for the Kanowit controlled items are stored must
Palm Oil be labelled.

B Kanowit (for the Bawan Estate, (6) This permit is valid for the
the Jih Estate, the Kelimut Estate, period issued and any renewal
the Mapai Estate and the Pedai must be made one month prior
Estate) to its expiration.

(ix) BPB (for the Balau Estate, the (7) The permit holder is bound by
Bebar Estate, the Kuala Muda the Controlled Item Act, 1961
Estate, the Lepan Kabu Estate, the and any subsidiary laws made
Malakoff Estate and the Lepan therein.
Kabu Palm Oil

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 r~~;nY No.: 1245-M
ANNEXURE A: OUR MAJOR LICENCES, PERMITS AND APPROVALS (Cont'd)

Approving Description of licencel Status!

No. authorityllssuer Licensee/Contractor approval Status Main conditions compliance

(x) B Rimba Nilai ~or the Bukit (8) If the permit holder is no longer
Segamaha Estate ), the Sutera using the scheduled controlled
Estate, the Tabung Tentera item as stipulated in the
Terengganu Estate, the individual licence, the permit
Kawananan Estate, the Sungai holder must return the permit to
Jernih Estate and the Sungai the controller.
Jernih Palm Oil Mill)
(9) If the permit holder is found to
(xi) B Sungai Manar (for the Bekoh give false information or violate
Estate) any of the aforementioned
conditions, this permit may be
B Telok Sen gat (for the Batu revoked immediately.
Pekaka Estate, the Chamek
Estate, the Taiping Rubber
Plantation Estate, the Telok
Sengat Estate, Malaya Estate, the
Bukit Mertajam Estate(3), the Telok
Sengat Palm Oil Mill and the TRP
Palm Oil

ENVIRONMENTAL LICENCES

3. DOE 0) B Emastulin (for the Segaria Palm Licences to occupy or use the Subsisting (1) The maximum production limit [Complied]
Oil Mill) prescribed premises as from the processing of FFB
required under Section 18(1) must not exceed certain
(ii) B Gradient (for the Nak Palm Oil of the Environmental Quality tonnage as specified in the
Mill) Act, 1974 for the occupation individual licence.
and use of prescribed
B Kanowit Oil Mill (for the Kanowit premises, subject to (2) Operation of the plant must be
Palm Oil Mill) compliance with the stopped in the event of any
maximum capacities of FFB damage to any part of the
(iv) BPS (for the Lepan Kabu Palm Oil as outlined in the licences. wastewater treatment system,
resulting in non-compliance with
effluent discharge standards.

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 [Co~pany No.: 1245-M
ANNEXURE A: OUR MAJOR LICENCES, PERMITS AND APPROVALS (Cont'd)

Approving Description of licence! Status!

No. authority/Issuer Licensee/Contractor approval Status Main conditions compliance

(v) B Rimba Nilai (for the Segamaha (3) A competent person shall be
Palm Oil Mill, the Sungai Jernih appointed to operate and
Palm Oil Mill and the Rimba Nilai maintain the system, effluent
Palm Oil Mill) treatment, air pollution control
and manage wastes as required
(vi) B Tinjar the Loagan Bunut under Section 49A of the
Palm Oil Environmental Quality Act, 1974
(Amendment 2012).
B Telok Sen gat (for the Telok
Sengat Palm Oil Mill and the TRP (4) No additional workiplant
Palm Oil Mill) capacity expansion is allowed
without prior written approval of
the DOE.

NON-RESIDENT EMPLOYEES EMPLOYMENT L1CENCES(4)

4. Labour (i) B Emastulin (for the Segaria Estate, This licence is issued for the Subsisting (1 ) This licence is non-transferable [Complied]
Department of the Tabung Tentera Sabah Estate purpose of hiring non-resident and is only valid for the hiring of
Sabah and the Segaria Palm Oil Mill) employees pursuant to the number of employees
Section 118 of the Labour stipulated in the individual
(ii) B Gradient (for the Nak Estate and Ordinance (Sabah Cap 67). licence.
the Nak Palm Oil
(2) Any non-resident employee
B Rimba Nilai (for the Sutera employed under this licence is
Estate, the Sungai-sungai 1 Estate, protected under the Workers'
the Sungai-sungai 2 Estate, the Compensation Act, 1952 or the
Lembah Paitan Estate, the Employees' Social Securities
Kawananan Estate; the Bukit Act, 1969 whichever is
Segamaha Estate, the Segamaha applicable. in a case of a non-
Palm Oil Mill and the Rimba Nilai resident employee other than a
Palm Oil domestic worker who is not
protected under the scopes of
Boustead Segaria Sdn Bhd (for the the aforementioned statutes, the
Resort Estate) employer must insure such
employee with insurance
policies providing protection not
less than the protection

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 Company No.: 1245-M

ANNEXURE A: OUR MAJOR LICENCES, PERMITS AND APPROVALS (Cont'd)

Approving Description of licence/ Status/

No. authority/Issuer Licensee/Contractor approval Status Main conditions compliance

provided by the aforementioned

statutes.

(3) The renewal of this licence must

be made two months prior to its
expiration.

(4) This licence may be withdrawn

or revoked or not renewed by
the director of Labour
Department of Sabah if he is
satisfied that:

(a) there has been a

violation of any of the
sections in any written
laws or rules made or
any of the conditions of
this licence; or

(b) the employer has given

false information to
obtain this licence.

5. Labour (i) B Kanowit (for the Jih Estate, the Approval in Principal issued Subsisting The application for licence to employ [Complied]
Department of Mapai Estate and the Pedai Estate) pursuant to Section 119 of non-resident employees must be made
Sarawak the Labour Ordinance within the validity period of the
B Tinjar the Sungai Lelak (Sarawak, Chapter 76) to Approval in Principal issued to the
Estate) permit the application for respective estates.
licence to employ non-
resident employees.

6. Labour (i) B Kanowit (for the Pedai Estate) Licence issued for the Subsisting An application for renewal of [Complied]
Department of purpose of hiring non-resident this licence may only be
Sarawak (ii) B Tinjar (for the Loagan Bunut employees pursuant to submitted upon expiry of this
Estate) Section 119 of the Labour licence and in the event that the
Ordinance (Sarawak, Chapter employer is unable to obtain the
76) required local employees.

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 [Co~panY No.: 1245-M
ANNEXURE A: OUR MAJOR LICENCES, PERMITS AND APPROVALS (Gant'd)

Approving Description of Iicencel Statusl

No. authority/lssuer Licensee/Contractor approval Status Main conditions compliance

(2) An application for renewal of

this licence must be made
within 2 months prior to its
expiration.

Notes:

(1) The MOTCC licences for the following estates have expired:

(a) The licence held by a Rimba Nilai for the Sungai Jemih Palm Oil Mill has expired on 12 April 2013. a Rimba Nilai has, on 16 October 2013, obtained an
endorsement from the Fire and Rescue Department which was applied for on 3 October 2013 and has subsequently been forwarded to the MOTCC. This
application is currently pending approval from the MOTCe.

(b) The licence held by a Rimba Nilai for the Sungai Jemih Estate has expired on 2 September 2013. a Rimba Nilai has, on 18 October 2013, obtained an
endorsement from the Fire and Rescue Department which was applied for on 3 October 2013 and has subsequently been forwarded to the MO TCC. This
application is currently pending approval from the MOTee.

(c) The licence held by a Rimba Nilai for the Kawananan Estate has expired on 2 September 2013. a Rimba Nilai has on, 4 May 2012, obtained an
endorsement from the Fire and Rescue Department which was applied for on 20 November 2013. a Rimba Nilai has also on, 12 December 2013, obtained
an endorsement as the legitimate supplier for Shell Timur Sdn ahd. The application for renewal is currently pending approval from the MOTCC.

(d) The licence held by a Kanowit for the Pedai Estate has expired on 30 September 2013. An application for renewal has been made to the MOTCe on 23
December 2013 and is currently pending approval from the MOTeC.

The licence held by a Kanowit for the aawan Estate has expired on 27 November 2013. An application for renewal has been made to the MOTCC on 21
October 2013 and is currently pending approval from the MOTce.

(2) At present, the licence held by a Rimba Nilai for the aukit Segamaha Estate is shared with the Segamaha Palm Oil Mill and is currently subsisting. An application for
a separate licence to be issued for the Segamaha Palm Oil Mill has been made on 27 March 2012 and is currently pending issuance of the licence by the MOTCC.

At present, a Telok Sengat is in the process of applying for a new licence from the MOTCC for the aukit Mertajam Estate for the storage of diesel. a Telok Sengat is
currently awaiting for an inspection to be done by the Fire and Rescue Department before an application can be forwarded to the MOTee.

(4) For the employment of foreign workers in Peninsular Malaysia, employers need only apply for a quota approval at the Local Centre of Approval, Ministry of Foreign
Affairs.

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 r Company No.: 1245-M

ANNEXURE A: OUR MAJOR LICENCES, PERMITS AND APPROVALS (Cont'd)

In addition, our operations are also subject to, inter alia, the following licences and certifications:

licences issued by the Energy Commission pursuant to the Electricity Supply Act, 1990 to authorise the use, work or operate or permit to be used,
worked or operated any electrical installation and to maintain, repair or upgrade any licensed electrical installation or any part thereof in the premises
stipulated in the licences;

trading licences issued by the local authorities of Sabah in the respective cities/districts in which the estates and palm oil mills are located pursuant to
the Trades Licensing Ordinance, 1948 (Sabah Cap. 144) to permit the carrying out of the business of oil palm plantation;

(iii) business licences issued to by the local authorities of Sarawak in the respective cities/districts in which the estates and palm oil mills are located
pursuant to the Businesses, Professions and Trades Licensing Ordinance of Sarawak (Cap. 33) to permit the carrying out of the business of oil palm
plantation;

Certificate of Registration issued by the Royal Customs of Malaysia pursuant to Windfall Profit Levy Act 1998 to register the certificate holders as a
producer of FFB for the respective estates. This certificate of registration entails the imposition of levy of 3% and 1.5% for the Peninsular Malaysia
estates and the Sabah and Sarawak estates, respectively, in the event the CPO price hits RM2,500 or above per MT and RM3,000 or above per MT,
for the Peninsular Malaysia estates and the Sabah and Sarawak estates, respectively;

(v) Certificate of Fitness issued by the Department of Occupational Safety and Health pursuant to the Factories and Machinery Act, 1967, Regulation
10(2) of the Factories and Machinery (Notification, Certificate of Fitness and Inspection) Regulations, 1970 in respect of unfired pressure vessels,
hOisting machines and steam boilers owned by the companies.

(vi) licences to possess arms and ammunition issued by the Royal Police Force of Malaysia pursuant to Section 4(3) Arms Act, 1960 to permit
possession, custody or control and to carry and use the firearms as stipulated in the respective licences for self-protection and protection of the
estates;

the Water Source Usage Licence (Lesen Penggunaan Sumber Air) issued pursuant to Enactment 5, Water Source Enactment, 2007 by the Water
Regulatory Body of Pahang to permit the usage of water taken from a water source located at Sungai Jernih, Pahang;

(viii) certificate of re-verification issued by Metrology Corporation Malaysia Sdn Bhd pursuant to Weight and Measure Act, 1972, Regulation 16, 28A and
15 of the Weight and Measure Regulations, 1981 for the re-verifications of all weighing and measuring instruments used for trade;

(ix) the Water Supply Abstraction licence issued by Selangor Water Board pursuant to paragraph 59(1 )(a), Selangor Water Board Enactment, 1999 to
permit the abstraction of water supply for commercial purposes at the Balau Estate; and

(x) certificate of consent issued pursuant to Regulation 6, Environmental Quality Regulations (Prescribed Premises) (Crude Palm Oil), 1977 to permit the
addition of effluent disposal area subject to terms and conditions of the licence.

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