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2019

Date Descriptions

29-01-2019

On behalf of the Board of Directors of Integrated Logistics Berhad ("ILB"), Kenanga Investment Bank announced that the Company proposes to undertake the Proposed Disposal of the entire 50% equity interest in Integrated National Logistics DWC-LLC ("INL") to National Trading & Developing Establishment ("NTDE"). ILB has on 23 January 2019, received an offer letter from NTDE to acquire from ILB its entire 50% equity interest in INL for a total purchase consideration of AED45.0 million (approximately RM50.4 million based on the published foreign exchange rate of AED1.00:RM1.1189 as at 28 January 2019).

13-02-2019

PROPOSED DISPOSAL OF THE ENTIRE 50% EQUITY INTEREST IN INTEGRATED NATIONAL LOGISTICS DWC-LLC ("INL") BY INTEGRATED LOGISTICS BERHAD ("ILB") TO NATIONAL TRADING & DEVELOPING EST. ("NTDE") ("PROPOSED DISPOSAL")

On 29 January 2019, Kenanga Investment Bank Berhad ("Kenanga IB or the "Adviser") on behalf of the Board of Directors of ILB ("Board") announced that ILB ("Seller") had received a letter of offer from NTDE ("Purchaser") ("LOO") to acquire from ILB its entire 50% equity interest in INL for a total purchase consideration of United Arab Emirates ("UAE") Dirhams ("AED") 45.0 million.

Pursuant to the LOO, on behalf of the Board of ILB, Kenanga IB wishes to announce that ILB had entered into a share sale agreement with NTDE for the disposal of its entire 50% equity interest in INL to NTDE ("SSA") on 13 February 2019.