Additional information required by Bursa Malaysia Securities Berhad (Bursa Securities) for public release in relation to the Company's Announcement dated 26 October 2015 on the Acquisition of Ordinary Shares in Rimbunan Sawit Berhad

We refer to your Company’s announcement dated 26 October 2015, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1)      The date of the agreement entered into for the Acquisition.

2)      Further clarification as to why Multi Greenview Sdn Bhd, a wholly-owned subsidiary of Jaya Tiasa Holdings Berhad (“JTIASA”) has acquired the Sales Shares on 26 October 2015 given that the term of the Acquisition were agreed upon on 20 October 2015.

3)      Detailed financial information on Rimbunan Sawit Berhad (“RSB”) for the past 3 years together with the commentary.

4)      Further information on RSB and its subsidiaries (“RSB Group”), including but not limited to the average age of oil palm tree, area of oil palm plantations, annual fresh fruit bunch (“FFB”) production, etc.

5)      Details of properties owned by RSB Group.

6)      Net profits and net assets of RSB based on the latest audited financial statements and latest quarterly results.

7)      Detailed basis to arrive at the purchase consideration other than by reference to the market price of RSB.

8)      The salient terms of the agreement for the Acquisition, including the terms of any arrangement for payment.

9)      Further elaboration on all other aspects of the Acquisition that were taken into consideration by the Audit Committee in arriving at its opinion.

10)    The outlook of oil palm industry and the prospects of RSB.

11)    It is noted that timber division is the major contributor to the JTIASA Group revenue and profit. In this respect, please provide more justification with regard to the statement “The Acquisition is not expected to materially change the risk profile of JTIASA Group” by taking into consideration the historical financial performance of RSB and its FFB productivity.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,
HENG TECK HENG
Vice President, Issuers,
Listing Division, Regulation
IJ/TEK

Cc : Market Surveillance Dept. , Securities Commission (via fax)