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New Issue of Securities (Chapter 6 of Listing Requirements): Fund Raising Cuscapi Berhad (“Cuscapi or the “Company”) Proposed Private Placement of up to 10% of the Issued and Paid – Up Share Capital of Cuscapi (“Proposed Private Placement”) CUSCAPI BERHAD Type Announcement Subject New Issue of Securities (Chapter 6 of Listing Requirements) Fund Raising Description Cuscapi Berhad (“Cuscapi or the “Company”) Proposed Private Placement of up to 10% of the Issued and Paid – Up Share Capital of Cuscapi (“Proposed Private Placement”) We refer to the announcements made by Kenanga Investment Bank Berhad (“KIBB”), on behalf of the Board of Directors of Cuscapi (“Board”) on 20 September 2011, 22 September 2011 and 4 October 2011 in respect of the Proposed Private Placement. Further to the above, KIBB, on behalf of the Board, is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 7 October 2011 (“Approval Letter”) approved the listing and quotation for up to 22,243,000 new ordinary shares of RM0.10 each in Cuscapi to be issued pursuant to the Proposed Private Placement, on the ACE Market of Bursa Securities, subject to the following conditions:(i) Cuscapi and KIBB must fully comply with the relevant provisions under Bursa Securities ACE Market Listing Requirements (“AMLR”) pertaining to the implementation of the Proposed Private Placement; (ii) Cuscapi and KIBB to inform Bursa Securities upon completion of the Proposed Private Placement; and (iii) Cuscapi to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed. In the event the new ordinary shares to be issued pursuant to the Proposed Private Placement will be listed and quoted as the existing securities of the same class, quotation of the new ordinary shares will commence on the next market day after the following:(i) Submission of the share certificate together with a covering letter containing the summary of the Proposed Private Placement to Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”) before 10.00 a.m. on the market day prior to the listing date; Receipt of confirmation from Bursa Depository that the additional new shares are ready for crediting into the respective account holders; and (iii) An announcement in accordance to paragraph 12.2 of Guidance Note 17 is submitted via Bursa Link before 3.00 p.m. on the market day prior to the listing date. Cuscapi is required to ensure full compliance of all the requirements as provided under the AMLR at all times. Further to the above, pursuant to paragraph 6.60(1) of the AMLR, a listed corporation must complete the implementation of a proposal relating to an issuance of securities within six (6) months from the date of Bursa Securities’ approval for the listing application. As such, pursuant to the Approval Letter, Cuscapi is required to complete the Proposed Private Placement by 6 April 2012. This announcement is dated 7 October 2011.