Reference is made to our announcements dated 4 April 2012 in relation to the offering of 50,000,000 European style non-collateralised cash-settled call warrants over ordinary shares of RM0.25 each in JCY International Berhad (“JCY”) (“Existing Issue”) and 27 April 2012 in relation to the proposed to further issue of up to 50,000,000 European-style non-collateralised cash-settled call warrants over ordinary shares of RM0.25 each in JCY (“Further Issue”)

The purpose of the Further Issue is to facilitate the market making process of the Existing Issue. The Further Issue will form part of the Existing Issue and the terms and conditions of the Further Issue will be identical with the Existing Issue.

The Further Issue of JCY-CH is constituted by the Deed Poll dated 5 May 2011 executed by us, as supplemented from time to time. The Further Issue of JCY-CH is subject to the terms and conditions of the Base Prospectus dated 9 May 2011, the First Supplementary Base Prospectus dated 21 September 2011, the Existing Issue Term Sheet dated 4 April 2012 and the Further Issue Term Sheet dated 27 April 2012.

A summary of the principal terms of the Further Issue of JCY-CH is set out in Table 1.

This announcement is dated 27 April 2012.