THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to the course of action you should take, you should consult your stockbroker, bank manager, solicitor, accountant or other professional adviser immediately. Bursa Malaysia Securities Berhad (“Bursa Securities”) has not perused this Circular prior to its issuance as it is an exempt Circular pursuant to provisions of Practice Note 18 of the Main Market Listing Requirements of Bursa Securities. Bursa Securities takes no responsibility for the contents of this Circular, makes no representation as to its accuracy or completeness, and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Circular.

MALAYSIA AIRPORTS HOLDINGS BERHAD (Company No. 487092-W) (Incorporated in Malaysia)

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE

PROPOSED ADOPTION OF A NEW CONSTITUTION OF THE COMPANY (“PROPOSED ADOPTION”)

The resolutions in respect of the Proposed Adoption will be tabled as Special Business at the Twentieth Annual General Meeting (“AGM”) of the Company. The notice of the Twentieth AGM of the Company together with the Form of Proxy are set out in the 2018 Annual Report of the Company dispatched together with this Circular. Our AGM will be held as follows: Last date and time for lodging the Form of Proxy : Tuesday, 30 April 2019 at 11.00 a.m. Date and time of the AGM : Thursday, 2 May 2019 at 11.00 a.m. Venue of the AGM : Gateway Ballroom, Level 1, Sama-Sama Hotel, KL

International Airport, Jalan CTA 4B, 64000 KLIA, Sepang, Selangor Darul Ehsan

As a shareholder, in the event you wish to appoint a proxy, please complete, sign and return the Form of Proxy in the 2018 Annual Report of the Company in accordance with the instructions printed thereon. The completed Form of Proxy must be lodged at our registered office at Malaysia Airports Corporate Office, Persiaran Korporat KLIA, 64000 KLIA, Sepang, Selangor Darul Ehsan, Malaysia on or before the date and time indicated above.

This Circular is dated 3 April 2019

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DEFINITIONS Except where the context otherwise requires, the following definitions (in alphabetical order) shall apply throughout this Circular (definition denoting singular number shall also include the plural and vice-versa, where applicable): 2018 Annual Report : Annual report of the Company for the financial year ended

31 December 2018

AGM : Annual General Meeting of the Company

Board : Board of Directors of MAHB

Bursa Securities : Bursa Malaysia Securities Berhad (Company No. 635998-W)

CA 2016 : Companies Act 2016, as may be amended from time to time and any re-enactment thereof

Circular : This Circular dated 3 April 2019

Constitution : The constitution of the Company

Director(s) : The directors of MAHB

MAHB or the Company

: Malaysia Airports Holdings Berhad (Company No. 487092-W)

MAHB Group or the Group

: MAHB and its subsidiary companies, collectively

Major Shareholder(s) : A person who has an interest or interests in one (1) or more voting shares in a company and the number or aggregate number of those shares, is: (i) 10% or more of the total number of voting shares in the

Company; or

(ii) 5% or more of the total number of voting shares in the Company where such person is the largest shareholder of the Company

For the purposes of this definition, “interest in shares” shall have the meaning given in Section 8 of the CA 2016

MCCG 2017 : The Malaysian Code on Corporate Governance 2017

MMLR : The Main Market Listing Requirements of Bursa Securities and Practice Notes issued thereunder including any amendment(s) that may be made thereto from time to time

Proposed Adoption

: Proposed Adoption of a new Constitution of the Company

RM and sen : Ringgit Malaysia and sen, respectively

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All references to “our Company” or “MAHB” in this Circular are to Malaysia Airports Holdings Berhad and references to “our Group” are to our Company and our subsidiaries. References to “we”, “us”, “our” and “ourselves” are to our Company and, where the context otherwise requires, our subsidiaries. All references to “you” in this Circular are to the shareholders of our Company. Words denoting the singular shall, where applicable, include the plural and vice versa, and words denoting the masculine gender shall, where applicable, include the feminine and/or neuter genders, and vice versa. References to persons shall include corporations, unless otherwise specified. Any reference to a time of day and date in this Circular is a reference to Malaysian time and date, respectively.

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CONTENTS

Page PROPOSED ADOPTION OF A NEW CONSTITUTION OF THE COMPANY

1. INTRODUCTION 2 2. DETAILS OF THE PROPOSED ADOPTION 3 3. RATIONALE FOR THE PROPOSED ADOPTION 3 4. APPROVAL REQUIRED 3 5. EFFECTS OF THE PROPOSED ADOPTION 3 6. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS

CONNECTED WITH THEM 3

7. DIRECTORS’ RECOMMENDATION 3 8. AGM 3 9. FURTHER INFORMATION 4 APPENDICES APPENDIX I – FURTHER INFORMATION APPENDIX II – EXTRACT OF THE NOTICE OF THE TWENTIETH AGM APPENDIX III – PROPOSED NEW CONSTITUTION OF THE COMPANY

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MALAYSIA AIRPORTS HOLDINGS BERHAD (Company No. 487092-W)

(Incorporated in Malaysia) Registered Office Malaysia Airports Corporate Office, Persiaran Korporat KLIA, 64000 KLIA, Sepang, Selangor Darul Ehsan, Malaysia. 3 April 2019 Board of Directors Tan Sri Datuk Zainun Ali (Chairman and Non-Independent Non-Executive Director) Datuk Siti Zauyah Binti Md Desa (Non-Independent Non-Executive Director) Dato' Dr. Amiruddin Muhamed (Alternate Director to Datuk Siti Zauyah Binti Md Desa) (Non-Independent Non-Executive Director) Wong Shu Hsien (Non-Independent Non-Executive Director) Hajah Jamilah Dato’ Hashim (Non-Independent Non-Executive Director) Datuk Seri Yam Kong Choy (Senior Independent Non-Executive Director) Datuk Zalekha Hassan (Independent Non-Executive Director) Rosli Abdullah (Independent Non-Executive Director) Dato’ Ir Haji Mohamad Husin (Independent Non-Executive Director) Datuk Azailiza Mohd Ahad (Independent Non-Executive Director) Ramanathan Sathiamutty (Independent Non-Executive Director) To: The Shareholders of MAHB Dear Sir/Madam PROPOSED ADOPTION OF A NEW CONSTITUTION OF THE COMPANY 1. INTRODUCTION

On 25 March 2019 the Board announced that the Company intends to seek shareholders’ approval at the forthcoming Twentieth AGM of the Company for the Proposed Adoption of a new Constitution of the Company. The purpose of this Circular is to provide you with details of the Proposed Adoption and to seek your approval for the special resolution pertaining to the Proposed Adoption, to be tabled at the forthcoming Twentieth AGM of the Company. An extract of the notice of the Twentieth AGM is enclosed in this Circular for your ease of reference. YOU ARE ADVISED TO READ AND CONSIDER CAREFULLY THE CONTENTS OF THIS CIRCULAR BEFORE VOTING ON THE SPECIAL RESOLUTION PERTAINING TO THE PROPOSED ADOPTION AT THE FORTHCOMING TWENTIETH AGM.

(Incorporated in Malaysia)

33

2. DETAILS OF THE PROPOSED ADOPTION

The Board proposes that the Company revoke its existing Constitution in its entirety with immediate effect and in place thereof, adopt a new Constitution, taking into account the CA 2016, the MCCG 2017 and the MMLR.

3. RATIONALE FOR THE PROPOSED ADOPTION

The Proposed Adoption is primarily for the purposes of streamlining the Company’s existing Constitution with the CA 2016, the MCCG 2017, the MMLR and the prevailing statutory and regulatory requirements applicable to the Company.

The Board proposes the adoption of a new Constitution as the amendments required to be made are numerous and would entail substantial amendments to the existing Constitution of the Company. A copy of the new Constitution proposed to be adopted is set forth in Appendix III of this Circular.

4. APPROVAL REQUIRED

The Proposed Adoption is subject to the approval of the shareholders of MAHB at the forthcoming Twentieth AGM of the Company by way of a special resolution. The proposed special resolution is set forth in Appendix II of this Circular.

5. EFFECTS OF THE PROPOSED ADOPTION

The Proposed Adoption will not have any effect on the share capital, substantial shareholders’ shareholdings, net assets per share, gearing or earnings per share of the MAHB Group.

6. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM

None of the Directors and/or Major Shareholders and/or persons connected with them have any interest, direct or indirect, in the Proposed Adoption.

7. DIRECTORS’ RECOMMENDATION

The Directors of MAHB, having considered all aspects of the Proposed Adoption, are of the opinion that the Proposed Adoption is in the best interest of the Company. Accordingly, they recommend that you vote in favour of the special resolution pertaining to the Proposed Adoption to be tabled at the forthcoming Twentieth AGM.

8. AGM

The Twentieth AGM of the Company, the notice of which is enclosed in the 2018 Annual Report of the Company, will be held at the Gateway Ballroom, Level 1, Sama-Sama Hotel, KL International Airport, Jalan CTA 4B, 64000 KLIA, Sepang, Selangor Darul Ehsan on Thursday, 2 May 2019 at 11.00 a.m., for the purpose of considering and, if thought fit, approving, inter alia, the special resolution on the Proposed Adoption, as special business.

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If you are unable to attend and vote in person at the AGM, you are requested to complete, sign and return the Form of Proxy (available in the 2018 Annual Report of the Company) in accordance with the instructions printed thereon. The completed Form of Proxy must be lodged at our registered office at Malaysia Airports Corporate Office, Persiaran Korporat KLIA, 64000 KLIA, Sepang, Selangor Darul Ehsan, Malaysia not later than 48 hours before the stipulated time for holding the AGM or any adjournment thereof.

9. FURTHER INFORMATION

Shareholders are advised to refer to the attached Appendices for further information. Yours faithfully for and on behalf of the Board of Directors of MALAYSIA AIRPORTS HOLDINGS BERHAD TAN SRI DATUK ZAINUN ALI Chairman and Non-Independent Non-Executive Director

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55

APPENDIX I FURTHER INFORMATION 1. RESPONSIBILITY STATEMENT

The Directors have seen and approved this Circular. The Directors, collectively and individually, accept full responsibility for the accuracy of the information contained in this Circular and confirm that to the best of their knowledge and belief, after making all reasonable enquiries, there are no other facts the omission of which would make any statement herein false or misleading.

2. DOCUMENTS FOR INSPECTION

A copy of the proposed new Constitution of MAHB is available for inspection during normal office hours at the registered office of the Company at Malaysia Airports Corporate Office, Persiaran Korporat KLIA, 64000 KLIA, Sepang, Selangor Darul Ehsan, Malaysia, from the date of this Circular up to and including the date of the AGM.

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APPENDIX II EXTRACT OF THE NOTICE OF THE TWENTIETH AGM AS SPECIAL BUSINESS RESOLUTION 1 To consider and, if thought fit, pass the following special resolution, with or without modifications: Proposed Adoption of a New Constitution of the Company (“Proposed Adoption”) “THAT approval be and is hereby given for the existing Constitution of the Company to be revoked with immediate effect and that in place thereof, the proposed new Constitution of the Company as set out in the Circular to Shareholders dated 3 April 2019 accompanying the Company’s 2018 Annual Report for the financial year ended 31 December 2018 be and is hereby adopted as the Constitution of the Company AND THAT the Directors of the Company be and are hereby authorised to assent to any modification, variation and/or amendment as may be required by the relevant authorities and to do all acts and things and take all such steps as may be considered necessary to give full effect to the foregoing.”

To consider and, if thought fit, pass the following

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APPENDIX III PROPOSED NEW CONSTITUTION OF THE COMPANY

THECOMPANIESACT2016

PUBLICCOMPANYLIMITEDBYSHARES

CONSTITUTION

OF

MALAYSIAAIRPORTSHOLDINGSBERHAD(CompanyNo:487092-W)

Incorporatedonthe28thdayofJune,1999

8

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1. ThenameoftheCompanyis"MalaysiaAirportsHoldingsBerhad". Nameofthe

Company

2. TheregisteredofficeoftheCompanywillbesituatedinMalaysia. Office

3. TheobjectsforwhichtheCompanyisestablishedare–

(1) ToestablishandcarryoninMalaysiaandinanyotherpartofthe world the business of airport and related services andactivities including navigation and air traffic control, and inconnectiontherewithtoactasagentsoforinconjunctionwithothercompaniesorpersonsengagedinasimilarbusinessorinthebusinessofaviationorothertransport.

(2) Tobuild,erect,andconstructairports,aerodromes,helipads,

runways, stopways, taxiways, aprons, aerobridges, buildings,equipment,andinstallationsnecessaryforairportoperationswhetheronlandorwater.

(3) To manufacture, repair, buy, sell, import, export, develop,

exchange, charter, hire, lease, otherwise acquire and deal inaero planes, helicopters, hovercrafts, hydroplanes, airships,balloons and aircraft of all descriptions and all componentparts,fittingsandaccessoriesthereof.

(4) To make arrangements for and procure to be carried on

aviation meetings and exhibitions, and to give prizes andawardsforpersonstakingparttherein,andtogivelessonsandinstructionsintheairofaviationmatters.

(5) TocarryoninMalaysiaandinanyotherpartoftheworld,the

business of making, maintaining, building, or manufacturing,purchasing, hiring, otherwise acquiring all kinds of aircraft,whether lighter or heavier than air, motor, motor vans ofwagons, motor cars, motor carriages, motor wheels, motorcycles,motoromnibuses,roadvehiclesorautocarlocomotivepower, rollingstock, railwaycarriagesandwagonsandothercarriages,cyclesofalldescriptions,includingbicycles,tricyclesandquadricycles, velocipedes, carriagebodies, cars,wagons,carts, truck vehicles and other conveyances of all kinds,whether for air, road, railway, tram, tramway, field or otherpurposes, also ships or boats, and tails and railway andtramway plant, and all machinery, materials and thingsapplicableorusedas.accessorythereto,andofselling,lettingorsupplyatannualorotherrentsalloranyofthethingshereinbefore specified to any company, and of repairing andmaintainingthesamerespectively,whetherbelongingtotheCompanyornot,andofexchangingorotherwisedealinginthesamerespectively.

Objects

99

(6) To set up and to procure the Company to be registered orrecognisedinanycountryorplaceoutsideMalaysia.

(7) Tocarryonthebusinessofmanufacturersofanddealersinall

accessoriestoandcomponentpartsofnavigationaids,visualaids,aircraft, automobilesoranyothervehiclesormachinespropelledbymotivepower,whetherbypetrol,steam,gasorotherwise to carry on the business or businesses ofmanufacturers and merchants or portable buildings anddomestic offices and business furniture and appliances ofeverydescription.

(8) TocarryoninMalaysiaandinanyotherpartoftheworldthe

business of manufacturers of machinery, tool makers;, steelandbrassfounders,metalfoundersgenerally,metalworkers,boilermakers,millwrightsmachinists, smiths,woodworkers,builders, carriage builders, carriage body builders, painters,upholsters, metallurgists, electrical engineers, water supplyengineers, suppliers of power, fuel, gas makers, printer,carriersandmerchants,andtobuy,sell,manufacture,repair,convert,alter,letonhire,plyforhire,anddealinmachinery,motors, motor wagons, motor cars, motor carriages, motorwheels,motorcycles,motorroadvehicles,orautocars,ships,boats,horses,carts,aircraftsandimplementsandrollingstockofallkinds.

(9) Tocarryonthefollowingbusinesses,namely,supplyofpower,

supply of fuel, ironmasters, steel makers, iron and steelconverters, smelters, engineers, iron founders, importers,exportersandmanufacturersof,anddealersin,electricpower,fuel,ores,metals,chemicalsandotherpreparations,processesandarticles,merchants,warehousemen,ship-owners,shiporboat builders, wharfingers, storekeepers, charterers of shipsandothervessels,lightermen,bargeowners,carriers,agents,brokers, forwarding agents, bonded carmen and commoncarmen and contractors, or any other trade or businesswhatsoever which can in the opinion of the Directors beadvantageously carried on by the Company whether inconnectionwithorasauxiliarytothegeneralbusinessoftheCompanyorotherwise.

(10) To construct, carry out, operate, maintain improve, develop,

manage,work,control,andsuperintendanyairport,runways,taxiways, aprons, stopways, aerobridges, roads, ways,tramways, railways, racing circuits, bridges, reservoirs,watercourses,aqueducts,wharves,furnaces,fueldepots,fuellines,powergeneratingplant,automobilefuelservicestation,saw-mills, crushing works, hydraulic works, electrical works,factories, warehouses, shops, buildings and other works andconvenienceswhichmayseemdirectlyorindirectlyconductivetoanyoftheobjectsoftheCompanyortoadvancethe

10 10

Company's interests or otherwise, and to contribute tosubsidise or otherwise assist or take part in any suchoperations.

(11) Tobuy,sell,manufacture,repair,alter, improve,manipulate,

prepareformarket,letonhireandgenerallydealinallkindsofplant, machinery, apparatus, tools, utensils, produce,substances,articlesand things for thepurposeofanyof thebusinessesspecifiedherein,or likelytorequirebycustomersor other persons having, or about to have dealings with theCompany.

(12) To carry on the business of planters, growers, cultivators,

processing and exporters of oil palms, rubber, coconuts,tapioca, balata, coffee, cocoa, tea, cinchona and any otherproduceofthesoilandtotreat,prepare,manufacture,rendermarketable, buy, sell and dispose of any of such productseither intheirrawormanufacturedstateandinanymannerthoughtconvenientoradvisable.

(13) Toenterintocontracts,agreementswithanyothercompany,

whether in Malaysia, or in any other part of the world forcarryingoutbysuchothercompanyonbehalfofthecompanyofanyoftheobjectsforwhichtheCompanyisformed.

(14) To erect, construct, lie down, enlarge, alter and maintain

buildings, works and machinery necessary or convenient fortheCompany'sbusiness.

(15) To carry on any other business, whether manufacturing or

otherwise,whichmayseemtotheCompanycapableofbeingconveniently carried on in connection with the above orcalculated directly or indirectly to enhance the value of orrenderprofitableanyofthepropertyorrightsoftheCompany.

(16) Topurchase,takeonlease,orinexchange,buildandconstruct

upon,develop,hireorotherwiseacquireanyrealorpersonalproperty, and any rights or privileges, or interests which theCompany may think necessary, convenient or desirable withreference to any of these objects and capable of beingprofitablydealtwithinconnectionwithanyoftheCompany'sbusiness,propertyorrightsforthetimebeing,andinparticularany land, buildings, easements, concessions, patents, patentrightsorrightsofananalogouscharacterwhetherMalaysianor foreign, licenses, general or special farms or farmedprivileges, monopolies, secret processes, trademarks,copyrights,plant, implements,tools,patternsofallkindsandstock-in-trade.

(17) Topurchaseorotherwiseacquire,undertakeandcarryonthe

wholeoranypartofthebusiness,property,andliabilitiesof

1111

anyperson, firmorcompanycarryingonanybusinesswhichtheCompanyisauthorizedtocarryonorpossessorwhichmayseemtotheCompanycapableofbeingconvenientlycarriedonorcalculateddirectlyor indirectlytoenhancethevalueoforrenderprofitableanyof theCompany'spropertyor rightsoranypropertysuitableforthepurposesoftheCompany.

(18) To enter into any arrangements with any Government or

authority, supreme, municipal, local or otherwise, that mayseemconducivetotheCompany'sobjects,oranyofthem;toobtain from any such Government or authority any rights,privileges and concessions which the Company may think itdesirabletoobtain;andtocarryout,exerciseandcomplywithanysucharrangements,rights,privilegesandconcessions.

(19) Toapplyfororjoininapplyingforpurchaseorbyothermeans

acquireandprotect,prolongandrenew,whetherinMalaysiaor inanyotherpartof theworld,anypatents,patentrights,brevets, copyrights, trademarks, formulas, inventions,licenses,protections,concessionsandthelike,conferringanyexclusive or non-exclusive or limited right to use, or anysecret or other information, as to any invention which mayseem capable of being used for a of the purpose of theCompany or the acquisition of which may seem calculateddirectly or indirectly to benefit the Company, or which mayappear likely to be advantageous or useful to the Company,and to use, exercise, develop, manufacture under or grantlicenses or privileges in respect of or otherwise turn toaccount, and to expend money in experimenting and testingand making researches, and in improving or seeking toimproveanypatents,inventionsorrightswhichtheCompanymayacquireorproposetoacquire.

(20) Toenterintopartnershiporintoanyarrangementforsharing

profits, union of interests, co-operation, joint venture,reciprocal concession, or otherwise with any person, firm orcompany carrying on or engaged in or about to carry on orengage inanybusinessor transactionwhichthisCompany isauthorised to carry on or engage in, or which is capable ofbeing conducted so as directly or indirectly to benefit thisCompany. And to lend money to, guarantee to contracts of,subsidise,orotherwiseassistanysuchcompany,andtotakeorotherwiseacquireandholdsharesorstockin,orsecuritiesof any such company, and to sell, hold, re-issue, with orwithoutguarantee,orotherwisedealwiththesame.

(21) Toguaranteepaymentorperformanceofanydebts,contracts

or obligations, or become security for any person, firm orcompanyforanypurposewhatsoever,andtoactasagentsforandrenderservicestocustomersandothers.

12 12

(22) Topromoteanyothercompanyforthepurposeofacquiringalloranyoftheproperty,rightsandliabilitiesoftheCompany,orof advancing directly or indirectly the objects or intereststhereof,orforanyotherpurposewhichmayseemdirectlyorindirectly calculated to benefit this Company, and to take orotherwiseacquireandholdshares,stocksorobligationsofanysuch company, or of any other company having objectsaltogether or in part similar to those of this Company orcarrying on any business capable of being conducted so asdirectlyorindirectlytobenefitthisCompanyandtoguaranteethepaymentofanydebenturesofsecuritiesissuedbyanysuchcompanyanduponadistributionofassetsordivisionofprofitstodistributeanysuchshares,stocksorobligationsamongstthemembersofthisCompanyinspecie.

(23) TopayoutofthefundsortheCompanyallexpenseswhichthe

Company may lawfully pay off or incident to the formation,registration and advertising of or raising money for theCompany, and the issue of its capital, or for contributing toassistinganyissuinghouseorfirmorpersoneitherissuingorwithaviewtoissuealloranypartoftheCompany'scapital,inconnectionwiththeadvertisingofferingthesameforsaleorsubscription,includingbrokerageorcommissionforobtainingapplications for, or taking, placing or under-writing orprocuringtheunderwritingofshares,debenturesordebenturestock,andtoapplyatthecostoftheCompanytotheCourtforanyextensionoftheCompany'spowers.

(24) Toinvest,orotherwisedealwiththemoneysoftheCompany

uponsuchsecurity,orwithoutsecurity,andinsuchmannerasmayfromtimetotimebedetermined.

(25) Subjecttoanyprohibition,tolendmoneytosuchpersons,and

on such terms as may seem expedient and in particular tocustomersandothershavingdealingswiththeCompany,andto guarantee or engage as securities for the performance ofcontracts, undertakings responsibilities, or liabilities of anyperson,firmorcompany,butnottocarryonthebusinessofaregisteredmoney-lender.

(26) To borrow or raise money for the purpose of the Company,

receivemoneyondepositatsuchinterestorotherwiseuponsuchtermsastheCompanymayapprove,andforthepurposeofraisingorsecuringmoneyoranyotherpurposetoissueanymortgages, debentures or debenture stock perpetual orotherwise, bonds, letters of hypothecation or lien, orobligations of the Company, either at par, premium ordiscount,andeitherredeemableorirredeemableorperpetual,secureduponalloranypartoftheundertaking,revenuerights,and property of the Company's present and future includinguncalled capital, or the unpaid calls of the Company and to

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exchangeorvaryfromtimetotimeanysuchsecuritiesandtopurchase,redeemorpayoffanysuchsecurities.

(27) To remunerate any person, firm or company for services

renderedortoberenderedinplanning,orassistingtoplace,orguaranteeingtheplacingorprocuringtheunder-writingofany of the shares or debentures or other securities of theCompany,orofanycompany inwhichthisCompanymaybeinterested or propose to be interested or in or about theconductofbusinessoftheCompany,whetherbycashpaymentor by the allotment of shares or securities of the Company,creditedaspaidorinfullorinpartorotherwise.

(28) To purchase with a view to closing or reselling or otherwise

dealing with in whole or in part any business or propertieswhich may be deemed likely to injure by competition orotherwise any business or branch of business which theCompanyisauthorizedtocarryon.

(29) Tosubscribeforeitherabsolutelyorconditionallyorotherwise

acquireandholdshares,stocks,debentures,debenturestockor other obligations of any other company having objectsaltogetherorinpartsimilartothoseofthisCompany.

(30) Todraw,make,accept,endorse,discount,execute,purchase

and issue promissory notes, bills of exchange, bills of lading,warrants,debentures,andothernegotiableand transferableinstruments.

(31) TosellordisposeoftheundertakingoftheCompany,orany

partthereof,forsuchconsiderationastheCompanymaythinkfit,andinparticularfurshares,whetherfullyorpartlypaidup,debenturesorsecuritiesofanyothercompany,whetherornothaving objects altogether or in part similar to those of theCompany and to hold and retain any shares, debentures orsecuritiessoacquired,andtoimprove,manage,develop,sell,exchange, lease,mortgage,disposeof,toturntoaccount,orotherwisedealwithalloranypartofthepropertyorrightsoftheCompany.

(32) To adopt such means of making known the products of the

Company as may seem expedient, and in particular byadvertisinginthepressbycirculars,bypurchaseandexhibitionof works of art or interest, by publication of books andperiodicals,andbygrantingprizes,rewardsanddonations.

(33) To support, subscribe or make donations for any patriotic,

general, useful, charitable, benevolent or public object orpurpose or for any exhibitions; or to establish, supportsubscribeormakedonationstooraidintheestablishmentandsupportofanyassociation,fund,trust, convenience,

14 14

institution,societyorclubwhichmaybeforthebenefitoftheCompanyoritsemployeesorDirectorsorthepastemployeesorDirectorsoftheCompanyorofitspredecessorsinbusiness,orthedependantsorconnectionsofanysuchpersonsorwhichmaybeconnectedwithanytownorplacewheretheCompanycarriesonbusiness;tograntpensions,gratuities,allowancesorcharitable aid to any person who may have served theCompany or its predecessors in business, or to the wiveschildren or other connections of such persons; to makepayments towards insurance and to form and contribute toprovident and benefit funds for the benefit of any personsemployedbytheCompanyorbyitspredecessorsinbusiness;and to subsidise or assist any association of employers oremployees,oranytradeassociation.

(34) To transact any lawful business in aid of Malaysia in the

prosecution of any war or hostilities in which Malaysia isengaged.

(35) Toapply for,promoteandobtainanyOrdinance,Provisional

Order, Regulation, Enactment, act of Parliament, statute,order,orotherauthorisationinMalaysiaorinanyotherpartof the world for enabling the Company to carry any of itsobjects into effect, or for effecting any modification of theCompany'sconstitution,orforanyotherpurposeswhichmayseem expedient, and to oppose any proceedings orapplicationswhichmayseemcalculateddirectlyor indirectlytoprejudicetheCompany'sinterests.

(36) Toestablishgrant,maintainandwork,agenciesandbranches

and take up agencies.in any part of the world, and to actasagents for companies carrying on all classes or kinds ofinsurance business, and to do all such other things as theCompany may deem conducive to the carrying on of theCompany's business, either as principals or agents, and toremunerateanypersoninconnectionwiththeestablishmentorgrantingofsuchagencies,uponsuchtermsandconditionsastheCompanymaythinkfit.

(37) TodoalloranyoftheabovethingsinMalaysiaandinanyother

part of the world, either as principals, agents, contractors,trustees or otherwise, and by or through trustees, agents,subcontractorscorporationorotherwise,andeitheralone inconjunction with others, and to procure the Company to beregisteredorrecognisedinMalaysiaoranyforeigncountryorplace.

(38) TodistributeanyofthepropertyoftheCompanyinspecieor

kindamongtheshareholders.

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(39) ToamalgamateorunitewithorabsorbintotheCompany anyothercompanyorassociationorbusiness,orthemembersofanyothercompanyorassociationwhereverformedforobjectssimilar, analogous or subsidiary to any of the objects of theCompany or carrying on any business capable of beingconductedsoasdirectlyordirectlytobenefittheCompanyandtoform,establishandbringoutandassistintheformationorestablishment of any such company or association and toacquire,holdanddealinsharesorintereststherein.

(40) Toconductorcarryoutanybusinessandtodoallsuchother

thingsasareincidentalorconducivetotheattainmentoftheobjects,oranyofthem.

AND it isherebyexpresslydeclared that theword"company" in thisRule shall be deemed to include any person or partnership or otherbody of persons, whether domiciled in Malaysia or elsewhere, andwhether existing or to be farmed, and words denoting the singularnumberonlyshallincludetothepluralnumberandviceversa,andsothat the objects specified in each sub-Rule of this Rule and all thepowersthereofshall,exceptwhereotherwiseexpressedinsuchsub-Rule be regarded as independent objects, and in no way limited orrestrictedbyreferencetoorinferencefromthetermsofanyothersub-RuleorthenameoftheCompany,norisanygeneralexpressioninanysub-Rule to be narrowed or restricted by any particularity ofexpression in the same sub-Rule or by the application of any rule ofconstructionejusdemgenerisorotherwise.

The Company shall have full rights, powers and privileges for thepurposesofcarryingouttheobjectsasspecifiedunderthisRule3orotherwisepermittedbylaw.

4. Theliabilityofthemembersislimited. Liabilityofmembers

5. The share capital of the Company shall be its issued share capitalcomprisingordinarysharesandtheSpecialShare.

Sharecapital

INTERPRETATION

6. (1) In thisConstitution,unless thesubjectmatterorcontextdictatesotherwise,thefollowingwordsandphrasesshallhavethemeaningassignedtothemunderthisRule–

“the Act” means the Companies Act, 2016 and all subsidiarylegislationthereunderforthetimebeinginforceandaffectingtheCompanyandanyamendmentsorre-enactmentstheretoforthetimebeinginforce.

Interpretation

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"theBoard"meanstheboardofdirectorsoftheCompanywhosenumberisnotlessthantherequiredquorumactingasaboardofdirectors,andiftheCompanyonlyhasone(1)Director,thenthatDirector.

"this Constitution" means the constitution of the Company asoriginally framed or as from time to time altered by SpecialResolution.

“DepositedSecurities”shallhavethemeaningascribedtoitinRule23ofthisConstitution.

"Depositories Act" means The Securities Industry (CentralDepositories)Act,1991oranystatutorymodification,amendmentsorre-enactmentthereofforthetimebeinginforce.

"Depository"meansBursaMalaysiaDepositorySdnBhd.(CompanyNo.165570-W).

"the Company" means Malaysia Airports Holdings Berhad(CompanyNo.487092-W).

"Corporationunderforeigncontrol"includes–

(a) AcorporationofwhichthemajorityoftheDirectorsorpersons

occupyingthepositionofDirectors,bywhatevernamescalled,areforeigners.

(b) Acorporationinwhichsharesconferringamajorityofvotesare

heldbyforeignersorbyforeigncorporationsorbypersonsorcorporations who hold directly or indirectly for foreigners orforeigncorporations.

(c) Acorporationwhichisbyanyothermeans,whetherofalike

or of a different character, in fact under the control offoreignersorforeigncorporations.

(d) Acorporationwhichismanagedbya"foreigncorporation"or

a "corporation under foreign control" within the meaning oftherespectivedefinitionsoftheseexpressionscontainedinthisRule.

"depositor"meansaholderofsecuritiesaccountestablishedbytheDepository.

“theDirectors”meansthedirectorsof theCompanyfor thetimebeingand“Director”meansanyone(1)ofthem.

"dividend" means dividends declared by the Company inaccordance with Sections 131 and 132 of the Act and any bonusissue.

1717

"EntitledPerson"meansapersonwhoisaMalaysianCitizen,orastatutorycorporationorauthorityorbodyincorporatedbyorunderafederallawofMalaysiaoralawofanyStateofMalaysia,orthecompany incorporated in Malaysia, and, for the purpose of thisConstitution, includes the Government of Malaysia and theGovernmentofanyStateofMalaysia.

“Exchange”meansBursaMalaysiaSecuritiesBerhad(CompanyNo.635998-W)orsuchothernamebywhichitmaybeknownfromtimetotime.

"foreigner''meansapersonwhoisnotan"EntitledPerson".

"foreign corporation" means a corporation which is not acorporationboth(a)establishedbyorunderandsubjecttothelawsofMalaysiaorthelawsofanystateofMalaysiaand(b)havingitsprincipalplaceofbusinessandseatofcontrolinMalaysia.

“GovernmentAppointedDirector”shallhavethemeaningassignedtoitunderRule10.

“Independent Director” means a Director which falls within thedefinition of an independent director under the ListingRequirements.

"inwriting"and"written" includeprinting, lithography,andothermodesofrepresentingandreproducingwordsinavisibleform.

"Listing Requirements" means Bursa Malaysia Securities BerhadMainMarketListingRequirements,includinganyamendmentthatmaybemadefromtimetotime.

"market day" means a day on which the stock market of theExchangeisopenfortradinginsecurities.

"Member''includesadepositorwhowillbetreatedasifhewereamemberpursuanttosection35oftheDepositoriesActbutexcludestheDepositoryinitscapacityasabaretrustee.

"month"meanscalendarmonth.

"theOffice"meanstheRegisteredOfficeforthetimebeingoftheCompany.

"proxy" includes attorney duly constituted under a power ofattorney.

“theRegister”meanstheregisterofmemberstobekeptpursuanttotheActandunlessotherwiseexpressedtothecontrary,includestheRecordofDepositors.

1818

"RecordofDepositors"meansarecordprovidedbytheDepositorytotheCompanyunderChapter24.0oftheRulesoftheDepository.

"RMandSen"meansRinggitMalaysiaandSenrespectively.

“Rule”meansarulecontainedinthisConstitution.

“RulesoftheDepository”meanstheRulesofDepository,includinganyamendmentthatmaybemadefromtimetotime.

"Seal"meansthecommonsealoftheCompany.

"Securities" means shares, debentures, notes, stocks or bondsissuedorproposedtobeissued,intheCompany,andincludesanyright, option or interest in respect thereof and includes anysecurities which fall within the definition of/meaning assigned to"Securities"intheCapitalMarketsandServicesAct2007.

“a Securities Account” means an account established by theDepositoryforadepositorfortherecordingofdepositofSecuritiesandfordealinginsuchSecuritiesbythedepositor.

"theSecretary"meansanypersonappointedtoperformthedutiesofsecretaryoftheCompany.

“Senior Independent Director” means the Independent DirectordesignatedbytheBoardastheseniorindependentdirectoroftheCompany.

“share”asregardstheCompanyor,anyothercorporationmeansandincludesapreferenceordeferredaswellasanordinaryshareandalsostock,and,anysecuritywhichcarriesanypowerofvotingwith respect to the management of the Company or such othercorporationissuingorcreatingthesamebutshallnot includetheSpecialShare.

"SpecialResolution"hasthemeaningassignedtheretobytheAct.

“Special Share” means the one special rights redeemablepreference share of RM1.00 and may be held only by ortransferredonlytotheSpecialShareholder."SpecialShareholder"meanstheMinisterofFinance(Incorporated)or its successors or any Minister, representative or any personactingonbehalfoftheGovernmentofMalaysia.

Words importing the singular number only include the pluralnumber,andviceversa.

1919

Wordsimportingthemasculinegenderonlyincludethefemininegender.

Wordsimportingpersonsincludecorporations.

(2) TheregulationsinThirdScheduleoftheActshallnotapplytothe

Company,exceptsofarasthesamearerepeatedorcontainedinthisConstitution.

(3) Unless the context otherwise required, words or expressions

containedinthisConstitutionshallbearthesamemeaningasintheAct or any statutory modification thereof in force at the date atwhichthisConstitutionbecomebindingontheCompany.

(4) The marginal notes are inserted for convenience and shall not

affecttheconstructionofthisConstitution.

CONTROL

7. (1) TheCompanyshallnotenterintoanycombination,amalgamationorotherarrangementwhichwillhavetheeffectoftransferringthemanagementorcontroloftheCompanytoanyforeigncorporationoranyCorporationunderforeigncontrol.

(2) NopersonotherthananEntitledPersonasdefinedinRule6hereof

shall be qualified to hold office as a Director, general manager,SecretaryorauditoroftheCompany.

Control

8. (1) TheCompanymay,subjectto,andinaccordancewiththeAct,therules, regulations and orders made pursuant to the Act, theconditions, restrictions and limitations expressed in thisConstitutionandtherequirementsoftheExchangeandanyotherrelevant authorities from time to time, by ordinary resolutionpassedatageneralmeetingpurchaseitsownshares.

(2) AnysharesintheCompanysopurchasedbytheCompanyshallbe

dealtwithinaccordancewiththeActandtheguidelinesissuedbytheExchangeand/oranyotherrelevantauthorities fromtimetotime.

Companymaypurchaseitsownshare

9. TheCompanyshallnotissuesharestotransferacontrollinginterestwithoutpriorapprovalofshareholdersingeneralmeeting.

Controllinginterest

SHARES

10. (1)TheSpecialSharemaybeheldonlybyor transferredonly to theMinister of Finance (Incorporated) or its successors or anyMinister, representative or any person acting on behalf of theGovernmentofMalaysia.

TheSpecialShare

2020

(2) TheSpecialShareholdershallhavetherightfromtimetotimetoappoint any person to be an appointed Director, hereinafterreferredtoasGovernmentAppointedDirector,sothatthereshallnotbemorethansix(6)GovernmentAppointedDirectorsatanytime.

(3) The Special Shareholder or any person acting on behalf of the

Special Shareholder shall be entitled to receive notice of and toattendandspeakatallgeneralmeetingsoranyothermeetingofanyclassofshareholderoftheCompany,buttheSpecialShareshallcarrynorighttovotenoranyotherrightsatanysuchmeeting.

(4) In a distribution of capital in a winding up of the Company, the

Special Shareholder shallbeentitled to repaymentof thecapitalpaidupontheSpecialShareinprioritytorepaymentofcapitaltoanyotherMember.TheSpecialShareshallconfernootherrighttoparticipateinthecapitalorprofitsoftheCompany.

(5) TheSpecialShareholdermaysubjecttotheprovisionsoftheAct,

require the Company to redeem the Special Share at par at anytimebyservingwrittennoticeupontheCompanyanddeliveringtherelevantsharecertificate.

(6) Eachofthefollowingmattersshallbedeemedtobeavariationof

therightsattachingtotheSpecialShareandshallaccordinglyonlybeeffectivewiththeconsentinwritingoftheSpecialShareholder-

(a) Theamendment,orremoval,oralterationoftheeffectorall

oranyofthefollowingRules–

definition of "Corporation under foreign control", "EntitledPerson","foreigner","foreigncorporation","share","SpecialShare"and"Special Shareholder'' inRule5,Rule6andRule113.

(b) Aproposal forthevoluntarywinding-upordissolutionofthe

Company.

(c) The creation or issue of any shares with voting rights notidentical to those of ordinary shares, and which whenaggregatedwithallothersuchsharescarryrighttocastonapollmorethantenpercent(10%)ofthetotalvotingrightsofallMembershavingtherighttovoteatgeneralmeetingoftheCompany.

(d) AnydisposalbyanycompanyintheGroup(whichexpression

in this Rule means the Company and its subsidiaries for thetimebeing)which,aloneorwhenaggregatedwithanyotherdisposal of disposals forming part of, or connected with thesameoraconnectedtransaction,constitutesadisposalof the

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wholeoramaterialpartoftheassetsoftheGroup.ApartoftheGroup'sassetsshallonlybedeemedtobematerialif–

(i) the aggregate book value of the assets disposed or the

aggregatevalueof the totalconsideration tobereceivedon itsdisposal ismore than twentypercent (20%)of thebook value of the Group net tangible assets (excludinggoodwill and other intangibles and after deducting loancapital, long term borrowings, minority interest andamountssetasideforfuturetaxation)representedbysuchshareholders'fundoftheGroup.

(ii) theaverageprofitsattributabletoitaremorethantwenty

percent(20%)oftheaverageprofitsoftheGroup.Forthispurpose the expression "average profits" means theaverageof theprofitsbefore taxationexcluding interestpayableandsimilarchargesandextraordinaryitems,forthe last three (3) financial years for which auditedconsolidatedaccountsoftheGrouphavebeenpublished,calculatedbyreferencetotheprofits(orasthecasemaybe)theaverageprofitsforthefinancialyearoryearsforwhichauditedconsolidatedaccountsof theGrouphavebeenprepared.

(iii) inthecaseofadisposalofaircrafttowhichsub-Rule(i)

and (ii) above would apply, such aircraft are notimmediatelyreplacedbytheacquisitionbytheGroupofotheraircraftofcomparablecapacity.

(e) Any disposal which, because of its size, is required by the

Exchange or any other exchange on which the Company'ssharesarelistedtobesubjecttoapprovalbytheCompanyingeneralmeeting.

(f) Any acquisitions, take-over by the Company, amalgamation,

mergerorchangeintheoperationscarriedonbytheCompany,which because of its significance is required by the Act, theExchange or any other exchange on which the Company'ssharesarelistedtobesubjecttoapprovalbytheCompanyingeneralmeeting.

11. Without prejudice to any special rights previously conferred on theholders of any existing shares or class of shares, any shares in theCompanymaybeissuedwithsuchpreferred,deferredorotherspecialrightsorsuchrestrictions,whetherinregardtodividend,voting,returnof capital or otherwise as the Company may from time to time byordinaryresolutiondetermine.

Specialrights

2222

12. TheCompanyshallhavepowerto issuepreferencesharescarryingarighttoredemptionoutofprofitsorliabletoberedeemedattheoptionoftheCompanyortoissuepreferencecapitalrankingequallywithorinprioritytopreferencesharesalreadyissuedandtheDirectorsmay,subjecttotheprovisionsoftheActandthisConstitution,redeemsuchsharesonsuchtermsandinsuchmannerastheymaythinkfit.

Redeemablepreferenceshares

13. (1) Subject to the provisions of the Act and this Constitution, theDirectors may issue and allot shares in the Company on suchterms and conditions and at such time and consideration andwithsuchpreferred,deferredorotherspecialrights,restrictionsor exclusions, whether in regard to dividend, voting, return ofcapital,orotherwiseastheDirectorsmaydetermine.Theexerciseof the aforesaid rights shall be without prejudice to any specialrightspreviouslyconferredontheholdersofanyexistingsharesorclassofshares.

(2) Subjecttosub-Rule(1)andtherightsoftheSpecialShareholder,

theDirectorsshallnotexerciseanypowerto–

(a) issueandallotsharesintheCompany;

(b) grantrightstosubscribeforsharesintheCompany;

(c) convertanySecuritiesintosharesintheCompany;or

(d) issueandallotsharesunderanagreementoroptionoroffer,

unless the prior approval by way of ordinary resolution of theCompanyhasbeenobtainedandinthecaseofsharesotherthanordinaryshares,ensurethatnospecialrightsshallbeattachedtosuch shares until the same have been expressed in thisConstitutionandintheresolutioncreatingthesame.

(3) Save where an issue of shares or other convertible Securities

departs from any of the applicable requirements stipulated inparagraph6.04of theListingRequirements, the requirement insub-Rule2shallnotapplyto–

(a) anallotmentofsharesorgrantofrightspursuanttoanoffer

made to Members in proportion to the Members’shareholdings;

(b) anallotmentofsharesorgrantofrightspursuanttoabonus

issue of shares to Members in proportion to the Members’shareholdings;

(c) anallotmentofsharestoapromoteroftheCompanythatthe

promoterhasagreedtotake;or

Issueofshares

2323

(d) shareswhicharetobeissuedasconsiderationorpartconsideration for the acquisition of shares or assets by theCompany and the Members have been notified of theintentiontoissuethesharesatleastfourteen(14)daysbeforetheissueoftheshares.

(4) Forthepurposesofsub-Rule(3)(d),Membersaredeemedtohave

beennotifiedoftheCompany’sintentiontoissuesharesif–

(a) a copy of the statement explaining the purpose of theintendedissueofshareshasbeensenttoeveryMemberathis last known address according to the Record ofDepositors;and

(b) the copy of the statement has been advertised in one (1)

widely circulated newspaper in Malaysia in the nationallanguage and one (1) widely circulated newspaper inMalaysiaintheEnglishlanguage.

(5) SaveforanissuanceofsharesmadetoMembersinproportionto

the Members’ shareholdings, any issuance of shares toemployees, Directors and major shareholders or personsconnected with any Director or major shareholder of theCompanyshallbeapprovedbytheMembersingeneralmeetingandnoDirectorandmajor shareholder shallparticipate in suchissuanceofsharesunlesstheMembers ingeneralmeetinghaveapprovedofthespecificallotmenttobemadetosuchDirectorormajorshareholder.

(6) No Director shall participate in any share scheme and/or any

issuance of shares to Directors and employees of the Companyunless–

(a) theMembersingeneralmeetinghaveapprovedofthespecific

allotmenttobemadetosuchDirector;and

(b) such Director holds office in the Company in an executivecapacity.

14. The Company must ensure that all allotment of Securities for whichlistingissoughtaremadebywayofcreditingtheSecuritiesAccountsof the allottees with such Securities save and except where it isspecifically exempted from compliance with the Depositories Act, inwhicheventitshallsosimilarlybeexemptedfromcompliancewiththeListingRequirements.Forthispurpose,theCompanymustnotifytheDepositoryofthenamesofallotteesandallsuchparticularsrequiredbytheDepository,toenabletheDepositorytomaketheappropriateentriesintheSecuritiesAccountsofsuchallottees.TheCompanymustallotSecuritiesanddispatchnoticesofallotmenttotheallotteeswithinthestipulatedtimeframeasmaybeprescribedorallowedby theExchange.

Allotmentofsecurities

24 24

15. Preference shareholders shall have the same rights as ordinaryshareholders as regards to receiving notices, reports and auditedfinancialstatementsandattendinggeneralmeetingssaveandexceptfor the Special Shareholder whose rights are as specified under Rule10.

Preferenceshareholdersrights

16. TheDirectorsmay–

(1) makearrangementsontheissueofsharesforvaryingtheamountsandtimesofpaymentofcallsasbetweenMembers;

(2) accept from any Member the whole or a part of the amount

remainingunpaidonanysharesalthoughnopartofthatamounthasbeencalledup;and

(3) paydividendsinproportiontotheamountpaiduponeachshare

wherealargeramountispaiduponsomesharesthanonothers.

Powersonissueofshares

17. Ifbytheconditionsofallotmentofanysharethewholeorpartoftheamountorissuedpricethereofshallbepayablebyinstalments,everysuchinstalmentshall,whendue,bepaidtotheCompanybythepersonwhoforthetimebeingshallbetheregisteredholderoftheshare.

Instalmentsonsharestobedulypaid

18. The Company may exercise the powers of paying commissionsconferredbytheAct,providedthattheratepercentortheamountofthe commission paid or agreed to be paid shall be disclosed in themannerrequiredbytheActandthecommissionshallnotexceedtherateof tenpercent (10%)of thepriceatwhichtheshares inrespectwhereofthesameispaidareissuedoranamountequaltotenpercent(10%) of that price (as the case may be). Such commission may besatisfiedbythepaymentofcashortheallotmentoffullyorpartlypaidsharesorpartlyinonewayandpartlyintheother.TheCompanymayalsoonanyissueofsharespaysuchbrokerageasmaybelawful.

Paymentofcommission

19. If any shares of the Company are issued for the purpose of raisingmoney to defray the expenses of the construction of any works orbuildings or the provision or acquisition of any plant or equipmentwhichcannotbemadeprofitableforalengthenedperiodtheCompanymay pay interest on so much of that share capital as is for the timebeingpaidupfortheperiodsubjecttotheconditionsandrestrictionsprescribed by the Act and may charge the sum so paid by way ofinteresttocapitalaspartofthecostsofconstructionoftheworkorbuildingortheprovisionoracquisitionofplantorequipment.

Interestoncapitalraisedforbuildings,etc.

20. Except as required by law, no person shall be recognised by theCompany as holding any share upon any trust, and no notice of anytrust expressed, implied or constructive shall be entered onto theRegisteroranybranchregisterandtheCompanyshallnotbeboundbyor be compelled in any way to recognise (even when having noticethereof)anyequitablecontingent,futureorpartialinterestinanyshareoranyinterestinanyfractionalpartofashareor(exceptonlyasbythisConstitutionorbylawotherwiseprovided)anyotherrightsinrespect

Trustaffectingshares

2525

ofanyshareexceptanabsoluterighttotheentiretythereofintheregisteredholder.

21. TheCompanyisempoweredtorequireanyMemberortransfereepriortoregistrationoftransfer,tofurnishthenatureofthisshareholdingandmayalsorequireatrusteeornomineetoprovidesuchparticularstoenabletheCompanytoidentifythebeneficialownersandthenatureoftheirinterest.

Powertoaskforparticulars

22. Sharesmayberegisteredinthenameofanincorporatedcompanyorothercorporatebodybutnot in thenameofaminororapersonofunsound mind or who is insolvent or in the name of any firm orpartnership.

Sharesnottoberegisteredinthenameofminor,personofunsoundmind,etc.

CERTIFICATES

23. (1) Every certificate for shares, debentures or any other form ofSecurity(otherthanlettersofallotmentorscripcertificate)shallbeissuedunderSealorshareSealinaccordancewithRule180.

(2) Every Member shall be entitled to receive share certificate (in

respectofsharesthatarenotstandingtothecreditofaSecuritiesAccount including Securities in a Securities Account that is insuspense (“Deposited Securities”). No Member is entitled to acertificateinrespectofaDepositedSecurityexceptinaccordancewiththeDepositoriesActandtheRulesoftheDepositoryandanyapplicable law. The Depository or its nominee company shall beentitledtoreceivejumbocertificatesindenominationsrequestedby the Depository or the nominee company for shares that areDepositedSecurities.

Issueofsharecertificate

CALLSONSHARES

24. TheDirectorsmayfromtimetotimemakesuchcallsastheythinkfitupontheMembersinrespectofallmoneysunpaidonthesharesheldbythemrespectivelyandnotbytheconditionsoftheallotmentthereofmadepayableatfixedtimesandeachMembershallpaytheamountofeverycallsomadeonhimtothepersonsandatthetimesandplacesappointedbytheDirectors.Acallmaybemadepayablebyinstalments,adatefixedforpaymentmaybepostponed,andacallmaybewhollyorinpartrevoked.

Calls

25. TheDirectorsshallhavethepowerfromtimetotimetodeterminethetermsofanycallsonsharesoftheCompany.Section82(3)oftheActshallnotapplyinrespectofthisConstitution.

Requirementsofcall

26 26

26. Not less than fourteen (14) days' notice of any call shall be givenspecifyingthedate,timeandplaceofpaymentandtowhomthesameshallbepaid.

Noticeofcall

27. A call shall be deemed to have been made at the time when theresolutionoftheDirectorsauthorisingsuchcallwaspassed.

Whencalldeemedtobemade

28. If by the conditions of the allotment any amount is duly payable inrespectofanysharesby instalments,everysuchinstalmentsshallbepayable as if it were a call duly made by the Directors of which duenoticehadbeengiven.

Instalmentsonallotmentdeemedcall

29. Thejointholdersofsharesshallbejointlyandseverallyliabletopayallcallsinrespectoftheirshares.

Liabilityofjointholders

30. Ifthesumpayableinrespectofanycallorinstalmentnotpaidonorbeforethedayappointedforpaymentthereof,thepersonfromwhomthesumortheinstalmentshallbedue,shallpayinterestforthesameatsuchrate,astheDirectorsshallfromtimetotimedetermine(subjecttoanylimitationsundertheAct),fromthetimeappointedforpaymentthereof until the actual payment thereof, and shall not receive anydividendinrespectoftheamountunpaid,buttheDirectorsmaywherethey think fit remit altogether or in part any sum becoming payableunderthisRule.

Interestsoncallsorinstalments

31. Ifbythetermsoftheissueofanysharesorotherwiseanyamountismadepayableatanyfixedtimeorby instalmentsatanyfixedtimes,everysuchamountorinstalmentshallbepayablewhendueasifitwerea calldulymadeby theDirectorsandofwhichduenoticehadbeengivenandshallbepaidtotheCompanybythepersonfromwhomitisdue,andalltheprovisionshereofwithrespecttothepaymentofcalls,interestandexpensesthereonortotheforfeitureofsharesfornon-payment of calls or otherwise shall apply to every such amount orinstalmentandthesharesinrespectofwhichitispayable.

Sumspayableonallotmentdeemedtobecalls

32. TheDirectorsmay,iftheythinkfit,receivefromanyMemberwillingtoadvancethesamealloranypartofthemoneydueuponsharesheldbyhimbeyondthesumsactuallycalledfor,anduponthemoneypaidinadvanceorsomuchthereofasfromtimetotimeexceedstheamountof the calls then made upon the shares in respect of which suchadvancesshallhavebeenmade,theDirectorsmaypayorallowsuchinterest or return at a rate not exceeding eight (8) per centum perannumasmaybeagreeduponbetweentheDirectorsandtheMemberpayingthesuminadvance,unlesstheCompanyinageneralmeetingotherwisedirectsbutanyamountsoforthetimebeingpaidinadvanceofcallshallnotbe includedortakenintoaccount inascertainingtheamountofdividendpayableuponthesharesinrespectofwhichsuchadvancehasbeenmade,anduntilappropriatedtowardsthesatisfactionofanycallshallbetreatedasaloantotheCompanyandnotaspartofitscapitalandshallberepayableatanytimeifthe

Paymentsofcallsinadvance

2727

Directorssodecide.Capitalpaidonsharesinadvanceofcallsshallnot,whilstcarryinginterest,conferarighttoparticipateinprofits.

33. Onthetrialorhearingofanyactionfortherecoveryofanymoneydueforanycall,itshallbesufficienttoprovethatthenameoftheMembersuedisenteredintheRegisterastheholderoroneoftheholdersofthesharesinrespectofwhichsuchdebtaccrued,thattheresolutionmakingthecallisdulyrecordedintheminutebook,andthatnoticeofsuch call was duly given to the Member sued in pursuance of thisConstitution;anditshallnotbenecessarytoprovetheappointmentoftheDirectorswhomadesuchcall,northatthemeetingatwhichanycall was made was duly convened and constituted nor any othermatters whatsoever, but the proof of the matters aforesaid shall beconclusiveevidenceofthedebt.

Proofofmoneydueforcallsattrialorhearingforrecoveryofsuchmoney

FORFEITURE

34. (1) IfaMemberfailstopayanycallorinstalmentofacallwithinthestipulated time, the Directors may serve a written notice on theMember requiring payment of the amount together with anyinterest or compensation which may have accrued. The noticeshall–

(a) specifyadayonorbeforewhichthepaymentisrequiredtobe

made;and

(b) state that in the event of non-payment on or before thespecified date, the shares in respect of which the call orinstalmentofacallwasmadeisliabletobeforfeited.

(2) Uponfailuretocomplywiththenoticeservedundersub-Rule(1),

theshares inrespectofwhichthenoticehasbeengivenshallbeforfeited by a resolution of the Directors unless the payment asrequired by the notice has been made before such resolution ispassed.

(3) For the purposes of sub-Rule (2), the forfeiture shall include all

dividends declared in respect of the forfeited shares and notactuallypaidbeforetheforfeiture.

Noticeofforfeiture

35. WhenanyshareshallhavebeensoforfeitednoticeoftheresolutionshallbegiventotheMemberinwhosenameitstoodimmediatelypriortotheforfeitureandanentryoftheforfeiturewiththedatethereofshall forthwithbemade in theRegisterbutno forfeitureshall inanymannerbeinvalidatedbyanyomissionorneglecttogivesuchnoticeortomakesuchentryasaforesaid.

NoticeofresolutionofforfeitureandentryonRegister

36. Any share so forfeited shall be deemed to be the property of theCompany,andtheDirectorsmaysell,re-allotandotherwisedisposeofthesameinsuchmannerastheythinkfit,andeitherwithorwithout

Disposalofforfeitedshares

28 28

anypastoraccruingdividends,andinthecaseofre-allotment,withorwithoutanymoneypaidthereonbytheformerholderbeingcreditedaspaidup.

37. TheDirectorsmayatanytime,beforeanysharesoforfeitedshallhavebeensold, re-allottedorotherwisedisposedof,cancel the forfeitureuponsuchconditionsastheythinkfit.

Powertocancelforfeiture

38. ApersonwhoseshareshavebeenforfeitedshallceasetobeMemberin respect of the forfeited shares, but shall notwithstanding remainliabletopaytotheCompanyandshallforthwithpaytotheCompanyallcalls,instalment,interestandexpensesowinguponorinrespectofsuch shares at the time of forfeiture, together with interest thereonfrom the time of forfeiture until payment, and the Directors mayenforce payment thereof if they think fit, but shall be under noobligationtodoso;theliabilityofsuchpersonshall,however,ceaseifandwhentheCompanyshallhavereceivedpaymentinfullofallsuchmoneysinrespectoftheshare.

Liabilityonforfeiture

39. TheDirectorsmayacceptthesurrenderofanyshare,uponsuchtermsandconditionasmaybeagreeduponwhentheyare inapositiontoforfeitsuchshareorbywayacompromiseofanyquestionastotheholderbeingproperlyregisteredinrespectthereoforinanyothercaseallowedbylaw,butsothatnopartofthefundsoftheCompanyshallbeemployedinthepurchaseoftheCompany'sownshares.Anysharesosurrenderedmaybedisposedofinthesamemannerasaforfeitedshare.

Surrenderofshare

40. Statutorydeclaration,inwritingthatthedeclarantisaDirectorortheSecretaryoftheCompany,andthatashareintheCompanyhasbeendulyforfeitedonadatestated inthedeclaration,shallbeconclusiveevidenceofthefactsthereinstatedasagainstallpersonsclaimingtobeentitledtotheshare.

Statutorydeclarationofforfeitedshare

41. TheCompanymayreceivetheconsiderationifany,givenforaforfeitedshareonanysaleordispositionthereofandexecuteanytransferoftheshareinfavourofthepersontowhomtheshareissoldordisposedofandheshall thereuponberegisteredastheholderoftheshare,andshallnotbeboundtoseetotheapplicationofthepurchasemoney,ifany,nor shallhis title to the sharebeaffectedbyany irregularityorinvalidity in the proceedings in reference to the forfeiture, sale ordisposaloftheshare.

Titleofpurchaserofforfeitedshare

42. Ifanysharesareforfeitedandsold,anyresidueafterthesatisfactionoftheunpaidcallsandaccruedinterestandexpenses,shallbepaidtotheperson whose shares have been forfeited, or his executors,administratorsorassigneesorashedirects.

Salesofsharesforfeited

43. TheprovisionsofthisConstitutionastoforfeitureshallapplyinthecaseofnon-paymentofanysumwhich,by thetermsof issueofashare,

Applicationofforfeitureprovisions

2929

becomespayabletotheCompanyatafixeddate,asiftheshareshadbeenpayablebyvirtueofacalldulymadeandnotified.

LIEN

44. TheCompanyshallhaveafirstandparamountlien,inprioritytoanyother claim, upon all the shares other than fully paid up sharesregisteredinthenameofeachMemberandupontheproceedsofsalethereof for unpaid calls and instalments upon the specific shares inrespect of which such moneys are due and unpaid for his debts,liabilitiesandengagements,withtheCompany,whethertheperiodforpayment,fulfilmentordischargethereofshallhaveactuallyarrivedornot.Andsuchlienshallapplytoalldividendpaymentfromtimetotimedeclared in respect of such shares. Unless otherwise agreed, theregistrationofthetransferofashareshalloperateasawaiveroftheCompany'slien,ifany,onsuchshares.

Applicationofforfeitureprovisions

45. TheCompany'slienonsharesanddividendsfromtimetotimedeclaredin respect of such shares, shall be restricted to unpaid calls andinstalmentsuponthespecificsharesinrespectofwhichsuchmoneysare due and unpaid, and to such amounts as the Company may becalleduponbylawtopayandhasbeenpaidinrespectofthesharesoftheMemberordeceasedMember.

Company’sliensonsharesanddividend

46. Forthepurposeofenforcingsuchlien,theDirectorsmaysellthesharesubjecttheretoinsuchmannerastheythinkfit,butnosuchsaleshallbemadeunlessasuminrespectofwhichthe lienexists ispresentlypayable,noruntilnotice inwritingof the intention tosell shallhavebeenservedonsuchMember,hisexecutors,oradministratorsorotherpersonrecognisedbytheCompanyastheownerthereof,anddefaultshall have been made by him or them in payment, fulfilment ordischargeof suchdebts, liabilities,orengagements for fourteen (14)daysaftersuchnotice.

Powerofsale

47. ThenetproceedsofanysuchsaleafterpaymentofcostsofsuchsaleshallbereceivedbytheCompanyandappliedinortowardssatisfactionof the debts, liabilities, or engagements of such Member as arepresentlypayableandtheresidue(ifany)should(subjecttoalikelienforsumsnotpresentlypayableasexisteduponthesharesbeforethesale)bepaidtothepersonentitledtothesharesatthedateofthesaleorhisexecutors,administratorsorassignsorashedirects.

Applicationonsale

48. Upon any sale enforcing a lien in purported exercise of the powershereinbeforegiven,theDirectorsmayauthoriseapersontoexecuteaninstrument of transfer of the shares sold and cause the purchaser'sname to be entered in the Register or Record of Depositors (asapplicable)inrespectofthesharessoldandtheDirectorsshallnotbeboundtoseetotheapplicationofthepurchasemoneyandafterthepurchaser’snamehasbeenenteredintheRegisterortheRecord ofDepositors(asapplicable) inrespectoftheshares,thevalidityofthe

Transferonsaleunderlien

30 30

saleshallnotbeaffectedbyanyirregularityorinvalidityintheproceeding relating to the saleor impeachedbyanypersonand theremedyofanypersonaggrievedbythesaleshallbeindamagesonlyandagainsttheCompanyexclusively.

49. Intheeventofthere-allotmentorsaleofaforfeitedorsurrenderedshare, or the sale of any share in which the Company has a lien, acertificate in writing of the Company that the shares has been dulyforfeited,surrenderedorsoldinaccordancewiththisConstitutionshallbesufficientevidenceofthefactsthereinstatedasagainstallpersonsclaimingtheshare.Thepurchaserorallotteeshallnotbeboundtoseetotheapplicationofthepurchasemoneyorconsiderationnorshallhistitle to the share be affected by any irregularity in the forfeiture,surrenderorsale,andtheremedyofanypersonaggrievedbythesalebeindamagesonlyandagainsttheCompanyexclusively.

Uponreceivingtheconsideration,ifany,givenforaforfeitedshareonany sale or disposition of the share, the Company may execute atransferoftheshareinfavourofthepersontowhomtheshareissoldordisposedofandsuchpersonshallberegisteredasaMember.

RegistrationasaMember

TRANSFEROFSHARES

50. The transfer of any Securities or class of Securities which have beendeposited with the Depository shall be by way of book entry by theDepository in accordance with the Rules of the Depository andnotwithstanding sections 105, 106 or 110 of the Act, but subject tosection148(2)oftheActandanyexemptionthatmaybemadefromcompliance with section 148(1) of the Act, the Company shall beprecludedfromregisteringandeffectinganytransferofSecurities.

Transferofshares

51. Where the Securities are listed on another stock exchange and theCompany is exempted from compliance with Section 14 of theDepositories Act or Section 29 of the Securities Industries (CentralDepositories)(Amendment)(No.2)Act1998,asthecasemaybe,undertheRulesoftheDepositoryinrespectofsuchSecurities,theCompanyshall, upon request of a Securities holder, permit a transmission ofSecuritiesheldbysuchSecuritiesholder fromtheregisterofholdersmaintainedbytheregistraroftheCompany inthe jurisdictionoftheother stock exchange, to the register of holders maintained by theregistraroftheCompanyinMalaysiaandviceversaprovidedthatthereshallbenochangeintheownershipofsuchSecurities.

TransmissionofsecuritiesfromForeignRegister

52. (1) TheCompanyshallrequesttheDepositoryinaccordancewiththeRulesoftheDepository,toissueaRecordofDepositorstowhomnoticesofgeneralmeetingsshallbegivenbytheCompany.

(2) TheCompanyshallrequesttheDepositoryinaccordancewiththe

RulesoftheDepositoryto issueaRecordofDepositorsasat thelatestdatewhichisreasonablypracticalwhichshallinanyeventbe

RecordofDepositors

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not less than 3 market days before the general meeting(hereinafter referred to as "the General Meeting Record ofDepositors”).

(3) Subject to the Securities Industry (Central Depositories) (Foreign

Ownership) Regulations, 1996 (where applicable) andnotwithstandinganyprovisionintheAct,adepositorshallnotberegardedasaMembertoattendanygeneralmeetingandtospeakandvotethereatunlesshisnameappearsintheGeneralMeetingRecordofDepositors.

53. Subject to the Depositories Act and the Rules of the Depository, theDirectorsmaydeclinetoregisterthetransferofashare(notbeingafullypaidshare)toapersonofwhomtheyshallnotapprove,andtheymay also decline to register the transfer of a share on which theCompanyhasalien.

Refusaltotransfer

54. TheRegisterandanyregisterofholdersofdebenturesoftheCompanymayonduenoticebeinggivenasrequiredbytheAct,beclosedatsuchtimeortimeastheDirectorsshalldeemexpedient,sothatthesamebenotclosedforanygreaterperiodintheaggregatethanthirty(30)daysintheyear.Anynoticeofintentiontofixthebooksclosingdateand itsreason,statingthebooksclosingdatewhichmustbeat leastten(10)marketdaysafterthedateofannouncementtotheExchangeorsuchotherperiodasmaybeprescribedbytheExchange.

Whenregistermaybeclosed

55. (1) TheCompanymayestablishandcausetobekeptinanyotherplaceoutsideMalaysiaabranchregisterof itsMembers inaccordancewiththeprovisionsofSection53oftheAct.

(2) Subject to theprovisionsof theActandof thisConstitution,any

suchregister(hereinafterreferredtoasabranchregister)shallbeestablished and kept in such manner as the Directors may fromtimetotimeprescribe.

(3) For the purpose of any such branch register the Directors may

empoweranyofficeroftheCompanyorotherpersonorpersonsorcommittee(hereinafterreferredtoasthelocalauthority)tokeeptheregistersinsuchmannerandsubjecttosuchregulationsastheDirectorsmayfromtimetotimeprescribeorallow.

BranchRegister

56. Notransfershallbemadetoaminororapersonofunsoundmindorwhoisinsolventortoafirmorpartnership.

Notransfertominor,etc.

TRANSMISSIONOFSHARES

57. IncaseofthedeathofaMemberordebentureholder,thepersonsrecognisedashavinganytitletohisinterestinthesharesordebenturesshallbe–

Deathofholder

32 32

(a) where the deceased was a sole holder, the legal personalrepresentatives of the deceased shall be the only personsrecognisedbytheCompanyashavinganytitletohisinterestintheshares;and

(b) wherethedeceasedwasajointholder,thesurvivor,

but nothing under this Constitution shall release the estate of thedeceased joint holder from any liability in respect of any share ordebenturewhichhadbeenjointlyheldbyhimwithotherpersons.

58. Subject to any other provisions of this Constitution, any personbecomingentitledtoashareinconsequenceofthedeath,bankruptcyorinsolvencyofanyMembermay,uponsuchevidencebeingproducedasmayfromtimetotimeproperlyberequiredbytheDirectors,electeithertoberegisteredhimselfasaholderoftheshare(inrespectofwhichregistrationtheCompanymayrequirepaymentofsuchfee,asthe Directors may from time to time determine) or to have somepersonnominatedbyhimregisteredasthetransfereethereof;buttheCompanyshall,ineithercase,havethelikerightandpowerofrefusingtoregistersuchtransferasitwouldhavehadinthecaseofatransferof the share by that Member before his death, bankruptcy orinsolvency,asthecasemaybe.

Rightsondeath,bankruptcyorinsolvency

59. Ifthepersonsobecomingentitledshallelecttoberegisteredhimself,heshalldeliverorsendtotheCompanyanoticeinwritingsignedbyhimstatingthathesoelects.Ifheshallelecttohaveanotherpersonregistered he shall testify his election by executing to that person atransferoftheshare.Allthelimitations,restrictionsandprovisionsofthisConstitutionrelatingtotherighttotransferandtheregistrationoftransfersofsharesshallbeapplicabletoanysuchnoticeortransferasaforesaidasifthedeath,bankruptcyorinsolvencyoftheMemberhadnotoccurredandthenoticeortransferwereatransfersignedbythatMember.

Election

60. A person becoming entitled to a share by reason of the death,bankruptcy or insolvency of the holder shall be entitled to the samedividends and other advantages to which he would be entitled if heweretheregisteredholderoftheshare,exceptthatheshallnot,beforebeing registered as a Member in respect of the share, be entitled inrespectofittoexerciseanyrightconferredbyMembershipinrelationtogeneralmeetings.

Provided always that the Directors may at any time give noticerequiringanysuchpersontoelecteithertoberegisteredhimselfortotransfertheshareandifthenoticeisnotcompliedwithwithinninety(90)daystheDirectorsmaythereafterwithholdpaymentof alldividends, bonuses or other moneys payable in respect of the shareuntiltherequirementsofthenoticehavebeencompliedwith.

Dividendsandvotingpowers

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61. TheexecutorsoradministratorsofadeceasedMembershallbeliableatanytimetopayupinfullallthemoneysdueuponthesharesheldbysuch Member alone beyond the amount called up thereon, unlesswithintwo(2)calendarmonthsafterbeingrequestedinwritingsotodo, the Directors shall procure some person or persons to purchasesuchsharesatapriceequaltotheamountpaiduporcreditedaspaidupthereon.

Paymentofamountdue

CONVERSIONOFSHARESTOSTOCK

62. Whenanyshareshavebeenconvertedintostock,theholdersofsuchstockmaytransfertheirrespectiveintereststherein,oranypartofsuchinterest,insuchmannerastheCompanyingeneralmeetingshalldirectbutindefaultofanysuchdirectioninthesamemannerandsubjecttothesameregulationsasandsubjecttowhichthesharesfromwhichthestockarosemightpreviouslytoconversionhavebeentransferred,orasneartheretoascircumstanceswilladmit.ProvidedthattheDirectorsmay,iftheythinkfitfromtimetotimefixtheminimumamountofstocktransferable, and restrict or forbid the transfer of fractions of thatminimum.

Holdersofstockandreconversions

63. The several holders of stock shall be entitled to participate in thedividendsandprofitsoftheCompanyaccordingtotheamountoftheirrespectiveinterestsinsuchstockandsuchinterestsshall,inproportiontotheamountthereof,conferontheholderthereofrespectivelythesame privileges and advantages for the purpose of voting at generalmeetingsandforotherpurposesasiftheyheldthesharesfromwhichthestockarose,butsothatnonesuchprivilegesoradvantages,excepttheparticipationinthedividends,profitsandassetsoftheCompanyonwindingup,shallbeconferredbyanyholdingorpartofaholdingofstockaswouldnot,ifexistinginshareshaveconferredsuchprivilegesoradvantages.

Participationindividendsandprofits

64. All such provisions of this Constitution as are applicable to paid upsharesshallapplytostock,andinallsuchprovisionsthewords'shares'and'shareholder'shallinclude'stock'and'stockholder'respectively.

Provisionsapplicabletosharesshallapplytostock

ALTERATIONOFCAPITAL

65. (1) TheCompanymayalteritssharecapitalinanyone(1)ormoreofthefollowingwaysbypassinganordinaryresolutionto–

Company mayalteritscapitalincertainways

34 34

(a) consolidate and divide all or any of its share capital, theproportion between the amount paid and the amount, if any,unpaid on each subdivided share shall be the same as it was inthecaseofthesharefromwhichthesubdividedshareisderived;

(b) convertalloranyofitspaid-upsharesintostockandreconvert

thatstockintofully-paidshares;and

(c) subdivide its shares or any of its shares, whatever is in thesubdivision, the proportion between the amount paid and theamount, if any, unpaid on each subdivided share shall be thesameasitwasinthecaseofthesharefromwhichthesubdividedshareisderived.

(2)TheCompanymaybySpecialResolution,reduceitssharecapitalin

any manner subject to the requirements and consents required,andwithanyincidentauthorised,undertheAct.

INCREASEOFCAPITAL

66. SubjecttoRule10(6)(c)theCompanyingeneralmeetingmayfromtimetotime,whetherthesharesforthetimebeingissuedshallhavebeenfullycalledupornot,increaseitssharecapitalbythecreationofnewsharesand(subjecttoanyspecialrightsforthetimebeingattachedtoanyvotingclassofshares)tocarrysuchpreferential,deferredorotherspecialrights(ifany),ortobesubjecttosuchconditionorrestriction(ifany)inregardtodividend,returnofcapital,votingorotherwiseasthegeneralmeetingresolvinguponsuchincreasedirects.

Companymayincreaseitscapital

67. Subject to any direction to the contrary that may be given by theCompanyingeneralmeeting,allnewsharesorconvertibleSecuritiesshall, before issue, be offered to such persons as at the date of theoffer are entitled to receive notices from the Company of generalmeetings in proportion as nearly as the circumstances admit, to theamountoftheexistingsharesorSecuritiestowhichtheyareentitled.TheoffershallbemadebynoticespecifyingthenumberofsharesorSecurities offered, and limiting a time within which the offer, if notaccepted,willbedeemedtobedeclined,and,aftertheexpirationofthattime,oronthereceiptofanintimationfromthepersontowhomthe offer is made that he declines to accept the shares or Securitiesoffered, the Directors may dispose of those shares or Securities insuch manner as they think most beneficial to the Company. TheDirectors may likewise also dispose of any new share or Securitywhich(byreasonoftheratiowhichthenewsharesorSecuritiesbearto shares or Securities held by persons entitled to an offer of newshares or Securities) cannot, in the opinion of the Directors, beconvenientlyofferedunderthisRule.

OfferofnewsharestoexistingMember

68. (1) NotwithstandingtheexistenceofaresolutionpursuanttoSections75(1)and76(1)oftheAct,theCompanymustensurethatitshallnot issueanysharesorconvertibleSecurities if thetotalnumberof those shares andSecurities, when aggregated with the totalnumberofanysuchsharesorconvertibleSecuritiesissuedduring

WaiverfromExchangeforconveningextraordinarygeneral

3535

thepreceding12months,exceeds10%ofthetotalnumberoftheissued shares of the Company, except where the shares orconvertible Securities are issued with the prior approval of theshareholdersingeneralmeetingoftheprecisetermandconditionsoftheissue.

(2) InworkingoutthenumberofsharesorconvertibleSecuritiesthat

may be issued by the Company, if the Security is a convertibleSecurity,eachsuchSecurityiscountedasthemaximumnumberofsharesintowhichitcanbeconvertedorexercised.

meetingfornewissueofshares

MODIFICATIONOFRIGHTS

69. Ifatanytimethecapitalbyreasonoftheissuesofpreferencessharesor otherwise is divided into different classes the repayment of suchpreferredcapitaloralloranyoftherightsandprivilegesattachedtoeach class may subject to the provisions of Section 91 of the Act bevaried, modified, commuted, affected, abrogated or dealt with bySpecial Resolution passed by the holders of at least seventy five percentum(75%)ofthetotalvotingrightsoftheMembersintheclassofthe issued shares of the calls at a separate general meeting of theholders of that class concerned and all the provisions hereinaftercontainedastogeneralmeetingsshallmutatismutandisapplytoeverysuchmeetingexceptthatthequorumhereofshallbetwo(2)personsatleastholdingorrepresentingbyproxyonethird(1/3)oftheissuedshares of the class and in the case of an adjourned meeting one (1)personpresentholdingsharesofsuchclass.

ProvidedhoweverthatintheeventofthenecessarymajorityforsuchaSpecialResolutionnothavingbeenobtainedinthemanneraforesaidconsent in writing may be secured by Members holding at leastseventy-fivepercentum(75%)ofthetotalvotingrightsoftheMembersintheclassandsuchconsentifobtainedwithintwo(2)monthsfromthe date of the separate general meeting shall have the force andvalidityofaresolutiondulycarriedatthemeeting.

ModificationofRights

BORROWINGPOWERS

70. TheDirectorsmayfromtimetotimeborroworraisesuchsumsofmoneyastheythinknecessaryforthepurposesoftheCompany.

Powertoborrow

71. TheDirectorsmayborroworraiseanysuchmoneyasaforesaiduponorbytheissueorsaleofanybonds,debentures,debenturestock,orSecurities, and upon such terms as to time of repayment, rate ofinterest, price of issue or sale, payment of premium or bonus uponredemptionorrepaymentorotherwiseastheymaythinkproper.TheCompanymayingeneralmeetinggrantarightfortheholdersofbonds,debentures, debenture stock or Securities to exchange the same forshares in the Company of any class of Securities authorised to beissued.

ClassificationofSecuritiesandterms

3636

72. Subject as aforesaid, the Directors may secure or provide for thepaymentofanymoneystobeborrowedorraisedbyamortgageoforcharge upon all or any part of the undertaking or property of theCompany, both present and future, and upon any capital remainingunpaiduponthesharesoftheCompanywhethercalledupornotorbyanyothersecurity,andtheDirectorsmayconferuponanymortgageesor persons in whom any debentures, debenture stock or Security isvested,suchrightsandpowersastheythinknecessaryorexpedient;and they may vest any property of the Company in trustees for thepurposeofsecuringanymoneyssoborrowedorsoraised,andconferuponthetrusteesoranyreceivertobeappointedbythemorbyanydebentureholder,suchrightsandpowersastheDirectorsmaythinknecessaryorexpedientinrelationtotheundertakingorpropertyoftheCompany, or the management, or the realisation thereof, or themaking,receivingorenforcingofcallsupontheMembersinrespectofunpaidcapitalandotherwise,andmaymakeandissuedebenturestotrusteesforthepurposeoffurthersecurity,andanysuchtrusteemayberemunerated.

Natureofsecurity

73. TheDirectorsmaygivesecurityforthepaymentofanymoneyspayablebytheCompanyinlikemannerasforthepaymentofmoneyborrowedorraised,butinsuchcasetheamountshallbereckonedaspartofthemoneyborrowed.

Securityforpaymentdue

74. TheDirectorsshall causeaproper register tobekept, inaccordancewith the requirements of the Act, of all mortgages and chargesspecificallyaffectingthepropertyoftheCompany.

Registerofmortgagestobekept

75. AnydebentureorotherSecuritymaybeissuedatadiscount,premiumor otherwise and (with the sanction of the Company in generalmeeting)withanyspecialprivilegeastoallotmentofshares,attendingandvotingatgeneralmeetings,appointmentofDirectorsorotherwise.

DebenturesandotherSecuritiesmaybeissuedatdiscount,etc

RESERVEANDDEPRECIATIONFUNDS

76. The Directors may, from time to time, before recommending anydividend,whetherpreferentialorotherwise,setapartanysuchportionoftheprofitsoftheCompany,andalsoanySecuritiesorobligationsoftheCompanyastheythinkfit,andalsoanysuchportionofanysurplusrealisedonthesaleofanyfixedassetsoftheCompanyorarisingfromarevaluationoftheCompany'spropertiesorassetsastheythinkfit,asa reserve fund to meet contingencies or for the liquidation of anydebentures,debtsorotherliabilitiesoftheCompany,forequalisationof dividends or for repairing, improving, and maintaining any of thepropertyoftheCompanyandforsuchotherpurposesoftheCompanyastheDirectorsintheirabsolutediscretionthinkconducivetotheinterestoftheCompany,andmayinvesttheseveralsumssosetaside

Reservefunds

3737

uponsuchinvestments(otherthansharesoftheCompany)astheymaythinkfit,andfromtimetotimedealwithandvarysuchinvestments,anddisposeofalloranypartthereofforthebenefitoftheCompany,andmaydividethereservefundintosuchspecialfundsastheythinkfit,withfullpowertoemploythereservefundsoranypartthereofinthebusinessoftheCompany,andthatwithoutbeingboundtokeepthesameseparatefromtheotherassets,theincomearisingfromanyreserve fund shall be treated as part of the gross profits of theCompany,theDirectorsmayalsowithoutplacingthesametoreservecarryoveranyprofitswhichtheymaythinkitnotprudenttodivide.

77. The Directors may, from time to time before recommending anydividend,setapartanysuchportionoftheprofitsoftheCompany,astheythinkfitasadepreciationfundapplicableatthediscretionoftheDirectors,forprovidingagainstanydepreciationintheinvestmentsoftheCompanyorforrebuilding,restoring,replacingorforalteringanypartofthebuildings,works,plant,machineryorotherpropertyoftheCompany destroyed or damaged by fire, flood, storm, tempest,accident,riot,wearandtearorothermeansandforrepairing,alteringand keeping in good condition the property of the Company, or forextending and enlarging of the buildings, machinery and property oftheCompany,withfullpowertoemploytheassetsconstitutingsuchdepreciationfundinthebusinessoftheCompany,andwhatwithoutbeingboundtokeepthesameseparatefromtheotherassets.

Depreciationfund

78. All moneys carried to the reserve fund and depreciation fundrespectively,shallneverthelessremainandbeprofitsoftheCompanyapplicable subject to due provision being made for actual loss ordepreciationforthepaymentofdividends,andsuchmoneysandalltheother moneys of the Company not immediately required for thepurposesoftheCompanymaybeinvestedbytheDirectorsinoruponsuch investmentsorSecuritiesas theymayselectormaybeusedasworkingcapitalormaybekeptatanybankondepositorotherwiseastheDirectorsmayfromtimetotimethinkproper.

Investmentofmoney

GENERALMEETINGS

79. (1) The Company shall hold an annual general meeting in everycalendaryear inadditiontoanyothermeetingsheldduringthatperiod,totransactthefollowingbusiness,whereapplicable–

(a) thelayingofauditedfinancialstatementsandthereportsofthe

Directorsandauditors;

(b) theelectionofDirectorsinplaceofthoseretiring;

(c) theappointment(ifany)andthefixingofthefeesandbenefitsofDirectors;

AnnualGeneralMeeting

38 38

(d) the appointment and fixing of remuneration of the auditors;and

(e) anyresolutionorotherbusinessofwhichnoticeisgivenin

accordancewiththeActorthisConstitution.

(2) Forthepurposesofsub-Rule(1),theannualgeneralmeetingshallbeheld–

(a) withinsix(6)monthsoftheCompany’sfinancialyearend;and

(b) notmorethanfifteen(15)monthsafterthelastpreceding

annualgeneralmeeting.

Suchgeneralmeetingsshallbecalled"annualgeneralmeetings"andall other general meetings shall be called "extraordinary generalmeetings".

80. TheDirectorsmay,whenevertheythinkfit,conveneanextraordinarygeneralmeeting,andtheyshall,ontherequisitionoftheholdersofatleasttenpercentum(10%)oftheissuedsharecapitaloftheCompanyexcludinganypaidupcapitalheldastreasurysharesasatthedateofthe deposit of the requisition carries the right of voting at generalmeetings, forthwith proceed to convene an extraordinary generalmeeting,andin thecaseofsuchrequisitiontheprovisionsofSection311oftheActshallhaveeffect.

Formofrequisitionformeeting.Whenrequisitionistsmaycallmeeting

81. Inthecaseofanextraordinarygeneralmeetingcalledinpursuanceofarequisitionnobusinessotherthanthatstatedintherequisitionastheobjectsofthemeetingshallbetransacted.

Businessatrequisitionedmeeting

NOTICEOFMEETING

82. NoticeofageneralmeetingmustbegiventoeveryMember,Directorand auditor of the Company. For the purposes of this Rule, thereferencetoa‘Member’includesanypersonwhoisentitledtoashareinconsequenceofthedeathorbankruptcyofaMemberwho,butforhis death or bankruptcy, would be entitled to receive notice of thegeneralmeetingand theCompanyhasbeennotifiedof theperson’sentitlementinwriting.

Noticeofmeeting

83. (1) Noticeofageneralmeetingshall–

(a) beinwritingandshallbegiventotheMemberseitherinhardcopy,orinelectronicform,orpartlyinhardcopyandpartlyinelectronicform;

(b) specifytheplace,day,dateandhourofthemeeting;

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3939

(c) begiventoallMembersatleastfourteen(14)daysbeforethemeetingor at least twenty-one (21) days before the meetingwhereanySpecialResolutionistobeproposedorwhereitisanannualgeneralmeetingandsuchnoticeshallalsobegivenby advertisement in at least one (1) nationally circulatedBahasaMalaysiaorEnglishdailynewspaperand inwritingtoeachstockexchangeuponwhichtheCompanyislisted;and

(d) statethegeneralnatureofthebusinessofthemeeting.

(2) The notice of a general meeting may include the text of any

proposedresolutionandotherinformationastheDirectorsdeemfit.Anynoticeofameetingcalledtoconsiderspecialbusinessshallbe accompanied by a statements regarding the effect of anyproposedresolutioninrespectofsuchspecialbusiness.

(3) TheCompanyshallholdallgeneralmeetingswithinMalaysiaand

mayholdsuchgeneralmeetingswithinMalaysiaatmorethan one(1) venue using any technology that allows all Members areasonableopportunity toparticipate. If theCompanydecides tohold a general meeting at more than one (1) venue using suchtechnology, participation of a Member in the general meetingusing any telecommunication device or other communicationfacilities shall be treated as presence in person and shall becountedtowardsthequorumnotwithstandingthefactthathe/sheisnotphysicallypresentatthevenuewherethegeneralmeetingistobeheld.

(4) Noticeofageneralmeeting–

(a) given in hard copy shall be sent to any Member either

personallyorbyposttotheaddresssuppliedbytheMembertotheCompanyforsuchpurpose;or

(b) giveninelectronicformshallbetransmittedtotheelectronic

address provided by the Member to the Depository for suchpurposeorbypublishingonawebsite.

(5) ThecontactdetailsoftheMemberasprovidedtotheDepository

shallbedeemedasthelastknownaddressprovidedbytheMembertotheCompanyforpurposesofcommunicationwiththeMember.

(6) Where notice of a general meeting is given by the Company by

publishingonawebsite,theCompanymustnotifyaMemberofthepublication of the notice on the website together with thedesignatedwebsitelinkoraddresswhereacopyofthenoticemaybe downloaded and such notification shall be in writing and begiveninhardcopyorelectronicformstating–

(a) thatitconcernsageneralmeeting;and

(b) theplace,dateandtimeofthemeeting.

40 40

Thenoticeshallbemadeavailableonthewebsitefromthedatethat notice is given under this Rule until the conclusion of themeeting.WhereaMemberrequestsforahardcopyofthenotice,theCompanyshallforwardahardcopyofthenoticetotheMemberassoonasreasonablypracticableafterthereceiptoftherequest,freeofcharge.

(7) The notice shall be exclusive of the day on which it is served or

deemedtobeservedandofthedayforwhichitisgiven.

(8) Whenageneralmeetingisadjournedforthirty(30)daysormore,noticeofadjournedmeetingshallbegiveninthesamemannerasinthecaseoftheoriginalmeeting.Saveasaforesaiditshallnotbenecessary to give any notice of an adjourned meeting or thebusinesstobetransactedatsuchmeeting.

84. Theaccidentalomissiontogivenoticeofanygeneralmeetingtoorthenon-receipt of any such notice by any of the Members shall notinvalidate any resolution passed at any such meeting or anyproceedingsatsuchmeeting.

Omissionofnotice

85. Thenoticeconveninganannualgeneralmeetingshallspecifythemeetingassuch.

NoticeofAnnualGeneralMeeting

86. The notice convening a meeting to consider a special or ordinaryresolution shall specify the intention to propose the resolution as aspecialorordinaryresolutionasthecasemaybe.

Noticeofspecialorordinaryresolution

87. In every notice calling a general meeting there shall appear withreasonableprominenceastatementthat–

(a) aMembershallbeentitledtoappointone(1)ormorepersonsas

hisproxy toexercisealloranyof theMember’s rights toattend,participate,speakandvoteatageneralmeeting;and

(b) aMemberwhoappointsmorethanone(1)proxyinrelationtoa

general meeting must specify the proportion of the Member’sshareholdingtoberepresentedbyeachproxy.

Member’srighttoappointproxy

PROCEEDINGSATGENERALMEETINGS

88. Forallpurposes,thequorumforageneralmeetingshallbetwo(2)Memberspresentinpersonorbyproxy.

Quorum

89. All business shall be deemed special that is transacted at anextraordinarygeneralmeeting,andallthatistransactedatanannualgeneralmeetingshallalsobedeemedspecial,withtheexceptionoftheconsiderationof theaccountsandbalancesheetsandthe reportsof

Specialbusiness

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theDirectorsandauditorsandanyotherdocumentsannexed to thebalance sheet, appointing Directors in place of those retiring byrotationorotherwise,theapprovaloftheDirectors'feesandbenefitsandtheappointmentandfixingofremunerationoftheauditors.

90. No business shall be transacted at any general meeting unless therequisite quorum shall be present at the commencement of thebusiness.

Quorumtobepresentwhenbusiness

91. Nobusinessexceptthechoiceofachairmanortheadjournmentofthemeetingshallbetransactedordiscussedatanygeneralmeetingwhilethechairisvacant.

Nobusinesstobetransactedwithoutchairman

92. (1) The chairman of the Board shall be entitled to take the chair atevery general meeting or if the chairman is not present withinfifteen (15) minutes after the time appointed for holding suchmeetingor isnotwilling toact, theSenior IndependentDirectorshall be entitled to take the chair, or if the Senior IndependentDirectorisnotpresentwithinthefollowingsubsequentfifteen(15)minutesorisnotwillingtoact,theDirectorspresentshallchooseone (1) of their number to be chairman, or if all the Directorspresentdeclinetotakethechair,thentheMemberspresentshallchooseone(1)oftheirnumberbeingaMemberentitledtovotetobethechairman.Nopollshallbedemandedinthecaseofelectionofthechairofthemeetingortheadjournmentofthemeeting.

(2) A proxy shall not be eligible to be elected as chairman of the

meeting.

Chairmanofgeneralmeeting

93. If within half an hour from the time appointed for the meeting aquorumisnotpresent–

(a) if convened upon the requisitionofMembers, themeeting shallbedissolved;or

(b) inanyothercase,themeetingshallstandadjournedtothesamedayinthenextweekatthesametimeandplace,ortosuchotherday and at such other time and place as the chairman of themeetingmaydetermine.

Whenmeetingtobedissolvedandwhentobeadjourned

94. (1) SubjecttotheListingRequirements,anyresolutionsetoutinthenotice of any general meeting, or in any notice of resolutionwhichmayproperlybemovedandisintendedtobemovedatanygeneralmeetingshallbevotedonbypoll.

(2) TheCompanymustappointatleastone(1)scrutineertovalidatethe votes cast by poll at any general meeting. Such scrutineermustnotbeanofficeroftheCompanyoritsrelatedcorporation,andmustbe independentof thepersonundertaking thepollingprocess. If such scrutineer is interested in a resolution to bepassedat thegeneralmeeting, thescrutineermust refrain fromactingasthescrutineerforthatresolution.

Howquestionstobedecidedatmeetingscastingvote

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(3) Save for sub-Rule (1) above, every question submitted to ameetingshallbedecidedinthefirstinstancebyashowofhandsunless before or upon declaration of the result of the show onhands,apollbedemandedashereinafterprovided.Inthecaseofanequalityofvotesthechairmanshallnothaveacastingvoteinaddition to the vote or votes to which he may be entitled as aMember.

95. (1) Atanygeneralmeeting,apollmaybedemanded–

(a) bythechairman;

(b) byatleastthree(3)Memberspresentinpersonorbyproxy;

(c) byanyMemberpresentinpersonorbyproxyandrepresentingnotlessthantenpercentum(10%)ofthetotalvotingrightsofalltheMembershavingtherighttovoteatthemeeting;or

(d) byaMemberholdingsharesintheCompanyconferringaright

tovoteatthemeetingbeingsharesonwhichanaggregatesumhasbeenpaidupequaltonotlessthantenpercentum(10%)ofthetotalpaidupsharesconferringthatright.

(2) Unlessapollbedemandedadeclarationby thechairman thata

resolution has on a show of hands been carried or carriedunanimously,orbyaparticularmajority,orlostandanentrytothateffectinthebookcontainingtheminutesoftheproceedingoftheCompanyshallbeconclusiveevidenceofthefactwithoutproofofthe number or proportion of the votes recorded in favour of oragainstsuchresolution.

(3) The demand for a poll may be withdrawn and a demand so

withdrawn shall not invalidate the result of a show of handsdeclaredbeforethedemandwasmade.

Votingonresolution

96. Ifapollbedemandedasaforesaiditshall(subjecttotheprovisionofRule94)betaken insuchmannerandatsuchtimeandplaceas thechairman of the meeting so directs and either at once or after anintervaloradjournmentorotherwise,andtheresultofthepollshallbedeemed to be the resolution of the meeting at which the poll wasdemanded.Incaseofanydisputeastotheadmissionorrejectionofavote,thechairmanshalldeterminethesame,andsuchdeterminationmadeingoodfaithshallbefinalandconclusive.

Poll

97. The chairman of a general meeting may with the consent of themeetingadjournthesamefromtimetotimeandfromplacetoplace,and without such consent he may adjourn any meeting at which aproposalof importance ismade fortheconsiderationwhereof inhis

Powertoadjourngeneralmeeting

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judgement, which shall not be challenged, a larger attendance ofMembers is desirable. No business shall be transacted at anyadjourned meeting other than the business left unfinished at themeetingfromwhichtheadjournmenttookplace.

98. Wheneverameetingisadjournedthirty(30)daysormorenoticeoftheadjournedmeetingshallbegiveninthesamemannerasofanoriginalmeeting.SaveasaforesaidtheMembersshallnotbeentitledtoanynotice of adjournment or of the business to be transacted at anadjournedmeeting.

Noticeofadjournment

99. Anypolldulydemandedontheelectionofachairmanofameetingoron any question of adjournment shall be taken at the meeting andwithoutadjournment.

Inwhatcasepolltakenwithoutadjournment

100. Thedemandofapollshallnotpreventthecontinuanceofameetingforthetransactionofanybusinessotherthanthequestiononwhichapollhasbeendemanded.

Effectofdemandofapoll

VOTESOFMEMBERS

101. Subjecttoanyspecialtermsastovotinguponwhichanysharesmaybeissuedormay for the timebeingbeheld,ona showofhandseveryMemberpresentinpersonorbyproxyshallhaveone(1)voteanduponapolleveryMemberpresentinpersonorbyproxyshallhaveone(1)voteforeveryshareheldbyhim.SubjecttoRules102and105,aproxymaybutneednotbeaMemberandaMembermayappointanypersontobehisproxywithoutlimitation.

VoteofMembers

102. AMemberwhoisofunsoundmindorwhosepersonorestateisliabletobedealtwithinanywayunderthelawrelatingtomentaldisordermayvote,whetheronashowofhandsoronapoll,bycommitteeorbysuchotherpersonasproperlyhasthemanagementofhisestate,andanysuchcommitteeorotherpersonmayvotebyproxy.

Memberofunsoundmind

103. (1) NoMembershallbeentitledtobepresentortovoteatanygeneralmeetingoruponanypoll,eitherpersonallyorbyproxy,ortobereckonedinanyquorum,ortoexerciseanyprivilegesasaMemberunlessallcallsorothermoneysdueandpayableinrespectofanyshareofwhichheistheholderhavebeenpaidasprovidedunderRule24.

(2) SubjecttoRule24,aMembershallbeentitledtobepresentandto

vote at any general meeting in respect of any share or sharesuponwhichallcallsduetotheCompanyhavebeenpaid.

NorightsinrespectofmeetingwhilecallduetoCompany

104. Noobjectionshallberaisedtothequalificationofanyvoterexceptatthe meeting or adjourned meeting at which the vote objected to isgivenortendered,andeveryvotenotdisallowedatsuchmeetingshall

Objectionstovote

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bevalidforallpurposes.Anysuchobjectionmadeinduetimeshallbereferredtothechairmanofthemeeting,whosedecisionshallbefinalandconclusive.

105. Votesmaybegivenpersonallyorbyproxy.Aproxyshallbeentitledtovoteonashowofhandsonanyquestionatanygeneralmeeting.Theinstrument appointing a proxy shall be in print or writing under thehand of the appointer or his duly constituted attorney, or if suchappointerisacorporation,underitscommonsealorthehandandsealof its attorney. A corporation or the Government of Malaysia or theGovernmentofanyStateofMalaysiamayappointanypersonbeingEntitledPerson(whetheraMemberornot)asitsproxy.Theinstrumentappointingaproxyshallbedeemedtoconferauthoritytodemandorjoinindemandingapoll.

(a) WhereaMemberisanexemptauthorisednomineewhichholds

ordinaryshares intheCompanyformultiple beneficialownersin one (1) Securities Account ("omnibus account"), there is nolimit to the number of proxies which the exempt authorisednominee may appoint in respect of each omnibus account itholds. An exempt authorised nominee refers to an authorisednomineedefinedunderDepositoriesActwhichisexemptedfromcompliance with the provisions of subsection 25A(1) ofDepositoriesAct.

(b) AMemberentitledtoattendandvoteatageneralmeeting,or

at a meeting of any class Members shall be entitled to appointany person as his proxy to attend and vote instead of theMember at the meeting. There shall be no restriction as to thequalificationoftheproxy.AproxyappointedtoattendandvoteatageneralmeetingshallhavethesamerightsastheMembertospeakatthemeeting.

Proxiespermittedinstrumentappointingproxiestobeinwriting

106. AnycorporationwhichisaMembermaybyresolutionofitsDirectorsorothergoverningbodyauthorisesuchpersonsasitthinksfittoactasitsrepresentativeatanygeneralmeeting,andthepersonsoauthorisedshall be entitled to exercise the same powers on behalf of thecorporationwhichherepresentsasthatcorporationcouldexerciseifitwereanindividualMember.

Corporationscanappointrepresentative

107. Theinstrumentappointingaproxyandthepowerofattorneyorotherauthority,ifany,underwhichitissignedornotariallycertifiedcopyofthat power or authority shall be deposited at the Office, or at suchotherplacewithinMalaysiaasisspecifiedforthatpurposeinthenoticeconveningthemeeting,notlessthanforty-eight(48)hoursbeforethetimeforholdingthemeetingoradjournedmeetingatwhichthepersonnamedintheinstrumentproposestovote,or,inthecaseofapoll,notless than twenty-four (24) hours before the time appointed for thetakingofthepoll,andindefaulttheinstrumentofproxyshallnotbetreatedasvalid.

Appointmentofproxy

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108. (1) UnlesstheCompanyreceivesnoticeofterminationoftheauthorityof the proxy at the Office not less than twenty-four (24) hoursbefore the time for holding the general meeting or adjournedgeneralmeeting,theterminationoftheauthorityofthepersontoactasproxyshallnotaffect–

(a) theconstitutionofthequorumatthemeeting;

(b) thevalidityofapolldemandedbyhimatthemeeting;or

(c) thevalidityofthevoteexercisedbyhimatageneralmeeting

oradjournedgeneralmeeting.(2) A vote in accordance with the terms of instrument of proxy or

attorney shall be valid notwithstanding the previous death orunsoundness of mind of the principal or revocation of theinstrument or of the authority under which the instrument wasexecuted, or the transfer of the share in respect of which theinstrument is given, if no intimation in writing of such death,unsoundnessofmind,revocation,ortransferasaforesaidhasbeenreceivedby theCompanyat theofficenot lessthantwenty-four(24)hoursbeforethecommencementofthemeetingoradjournedmeetingatwhichtheinstrumentisused.

Whenvotebyproxyvalidthoughauthorityrevoked

109. AnypersonentitledunderRule58totransferanysharemayvoteatany general meeting in respect thereof in the same manner as if heweretheregisteredholderofsuchshareprovidedthatnot lessthanforty-eight(48)hoursatleastbeforethetimeofholdingthemeetingor adjourned meeting, as the case may be, at which he proposes tovote,heshallsatisfytheDirectorsofhisrighttotransfersuchsharesortheDirectorsshallhavepreviouslyadmittedhis right tovoteatsuchmeetinginrespectthereof.

Votesontransmissionshares

110. Everyinstrumentappointingaproxyshall,asnearlyascircumstanceswilladmit,be in the formor to theeffect followingor in suchotherform as the Directors may approve and shall be retained by theCompany.

MALAYSIAAIRPORTSHOLDINGSBERHAD

I/We,........................................................................................................ of...............................beingaMemberofMalaysiaAirportsHoldingsBerhadherebyappoint.................or failing him...................of......................................asmy/ourproxyinmy/ourabsencetoattendandvoteforme/usonmy/ourbehalfatthe(Ordinary/Extraordinary,asthecasemaybe)GeneralMeetingoftheCompany,tobeheldonthe..............dayof............................andatanyadjournmentthereof.

Signedthis dayof 20.

Formofinstrumentappointingaproxy

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DIRECTORS

111. (1) ThenumberofDirectorsshallbenotlessthantwo(2)nor(unlessotherwise determine by the Company in general meeting) morethantwelve(12).

(2) TheminimumnumberofDirectorsprescribedinthisRuleshall–

(a) ordinarilyresideinMalaysiabyhavingaprincipalplaceof

residenceinMalaysia;and

(b) notincludeanalternateDirector.

NumberofDirectors

112. ADirectorshallnotberequiredtoholdanyqualificationshare. Qualificationshare

113. (1) TheSpecialShareholdershallhavetherightfromtimetotime–

(a) toappointanyperson;or

(b) tonominateanyactingDirector(withtheconsentoftheDirectorconcerned),

tobeaGovernmentAppointedDirectorsothatthereshallnotbemore than six (6) Government Appointed Directors at any timecomprising–

(i) thechairmanoftheBoardofDirectors;

(ii) theManagingDirector;

(iii) one(1)representativeeachfromtheMinistryofFinanceand

theMinistryofTransport;and

(iv) twootherrepresentativesasmaybedetermined,

andhemayremovethesameinthecaseofaDirectorappointedpursuant to paragraph (i) of this Rule or terminate thenomination in the case of an existing Director nominatedpursuant to paragraph (ii) of this Rule and appoint or nominateanother or other in their place. Any such appointment,nomination,removalorterminationshallbeinwritingservedonthe Secretary together with where appropriate; the consent ofthepersonconcernedtoactandshallbesignedbyoronbehalfoftheSpecialShareholder.

(2) Save as provided in this Rule, the provisions of this Rule shall

apply to the Government Appointed Directors as they apply tootherDirectors.

(3) NotwithstandinganythingtothecontraryintheConstitution,butsubjecttotheAct–

GovernmentAppointedDirectors

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(a) The Government Appointed Directors shall be required toretireorbetakenintoaccountindeterminingthenumberofDirectors to retire pursuant to any provisions of theConstitution.

(b) IfaGovernmentAppointedDirectorceasestoholdsuchoffice

thevacancymayonlybefilledbyappointmentbytheSpecialShareholderpursuanttothisRule.

(c) TheprovisionsoftheConstitutionrelatingtotheappointmentof Directors shall not apply to Government AppointedDirectors.

(4) IfanexistingDirectorisappointedtobeaGovernmentAppointed

Directorheshallontheterminationofhisappointmentcontinueto be a Director of the Company but shall retire at the nextfollowingannualgeneralmeeting.

114. TheDirectorsshallbepaidbywayofremunerationfortheirservicessuchfixedsum(ifany)asshallfromtimetotimebedeterminedbytheCompanyingeneralmeeting.Providedalwaysthat–

(1) Fees payable to Directors who hold no executive office in the

Companyshallbepaidbyafixedsumandnotbyacommissiononorpercentageofprofitsorturnover.

(2) SalariespayabletoDirectorswhodoholdanexecutiveoffice in

theCompanymaynotincludeacommissiononorpercentageofturnover.

(3) FeesofDirectorsandanybenefitspayable toDirectors shallbe

subjecttoannualapprovalbytheMembersatageneralmeetinginaccordancewithSection230(1)oftheAct.

(4) Any fee paid to an alternate Director shall be agreed between

himselfandtheDirectornominatinghimandshallbepaidoutoftheremunerationofthelatter.

RemunerationofDirectors

115. (1)SubjecttoSection230(1)oftheActandtheListingRequirements,ifanyDirectorbeingwillingshallbecalledupontoperformextraservicesortomakeanyspecialexertionsingoingorresidingawayfromhisusualplaceofbusinessorresidenceforanyofthepurposeoftheCompanyoringivingspecialattentiontothebusinessoftheCompanyasamemberofacommitteeofDirectors,theCompanymaypaytheDirectorremunerationandexpensesthereforeitherbya fixed sum or otherwise (other than by a sum to include acommissiononorpercentageofturnover)asmaybedeterminedby the Company in general meeting and such remuneration andexpensesmaybeeitherinadditiontoorinsubstitutionforhis ortheirshareintheremunerationfromtimetotimeprovidedfortheDirectors.

SpecialremunerationofDirector

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(2)Subject to Section 230(1) of the Act, the Directors shall also beentitledtoberepaidforallreasonabletravelling,hotelandotherexpenses incurred by them respectively in or about theperformance of their duties as Directors, including any expensesincurredinattendingmeetingsoftheDirectorsorofacommitteeofDirectorsorgeneralmeetings.

Directorsexpenses

116. (1) The office of any Director including a Government AppointedDirectorshallipsofactobevacatedifsuchDirector–

(a) fallswithinthecircumstancessetoutinSection208oftheAct;

(b) isabsent frommorethanfiftypercentum(50%)ofthetotal

meetingsofDirectorsheldduringafinancialyear;or

(c) is convicted by a court of law, whether within Malaysia orelsewhere,inrelationtotheoffencessetoutinsub-Rule(2).

(2) NopersonisappointedorallowedtoactasaDirectorifhe–

(a) hasbeenconvictedbyacourtoflaw,whetherwithinMalaysia

orelsewhere,ofanoffenceinconnectionwiththepromotion,formationormanagementofacorporation;

(b) hasbeenconvictedbyacourtoflaw,whetherwithinMalaysia

or elsewhere, of an offence, involving bribery, fraud ordishonestyorwheretheconvictioninvolvedafindingthatheactedfraudulentlyordishonestly;or

(c) hasbeenconvictedbyacourtoflawofanoffenceunderthe

securitieslawsorthecorporationslawsofMalaysia;within a period of five (5) years from the date of conviction or ifsentencedtoimprisonment,fromthedateofreleasefromprison,asthecasemaybe.

DisqualificationofDirectors

117. Any act done in good faith by a Director whose office is vacated asaforesaid shall be valid unless prior to the doing of such act writtennoticehasbeenservedupontheDirectororanentryhasbeenmadeintheDirectors,minutebookstatingthatsuchDirectorhasceasedtobeaDirectoroftheCompany.

ActsdoneingoodfaithbyDirectorwhoseofficeisvacated

118. SubjecttotheprovisionsoftheAct,aDirectorshallnotbedisqualifiedby reason of his holding any other office, or place of profit underCompany inconjunctionwithhisofficeofDirector,exceptthatofanauditor of the Company, and may be appointed thereto for suchperiodanduponsuchtermsastoremunerationandotherwiseastheDirectorsmaydetermineandnoDirectorshall be disqualified by hisofficefromcontractingwiththeCompanywithregardtohistenureofsuchotherofficeorplaceofprofit.

RightstoholdofficeorprofitundertheCompany

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119. Subject to the provisionsunder Section 222(2)of the Act,aDirectorwhohasaninterestinthemannersetoutinSection221oftheActinacontractorproposedcontractwiththeCompany–

(a) shallbecountedonlytomakethequorumatthemeetingofthe

Board;

(b) shallnotparticipateinanydiscussionwhilethecontractorproposedcontractisbeingconsideredatthemeeting;and

(c) shallnotvoteonthecontractorproposedcontract.

Effectonquorum

120. (1) SubjecttotheprovisionsoftheActandtheListingRequirements,no Director shall be disqualified from contracting with theCompanyeitherasvendor,purchaserorotherwise,norshallanysuchcontractorarrangemententeredintobyoronbehalfoftheCompany with any company or partnership of or in which anyDirector shall be a Member or otherwise interested be avoidednor shall any Director so contracting being such Member orsointerested be liable to account to the Company for any profitrealised by any suchcontract orarrangement by reasonof suchDirectorholding that office, or of the fiduciary relation therebyestablished, but the nature of his interest must be disclosed byhim at the meeting of the Directors at which the contract ofarrangementisdeterminedon,iftheinterestthenexistsorinanyother case at the first meeting of the Directors after theacquisitionoftheinterestor,iftheDirectorwasnotatthedateofthatmeetinginterestedintheproposedcontractorarrangement,thenatthenextmeetingoftheDirectorsheldafterhebecamesointerestedor,inacasewheretheDirectorbecomesinterestedinacontractorarrangementafteritismade,atthefirstmeetingofthe Directors held after he becomes so interested; provided,nevertheless, that, subject to any other provisions of thisConstitution.ADirectorshallnotvote in respectofanycontractor arrangement or proposed contract or arrangement, in whichhe has directly or indirectly an interest and if he shall do so hisvoteshallnotbecounted,norshallhebecountedinthequorumpresent at a meeting upon the consideration of a motionconcerninganysuchcontractorarrangement.

Directorsmaycontract withCompany

(2) Forpurposesofsub-Rule(1),aDirectorshallnotbedeemedtobeinterestedortohavebeenatanytimeinterestedinanycontractorproposedcontractifitfallsunderthefollowingexceptions–

(a) wherethecontractorproposedcontractrelatestoanyloantotheCompanythattheDirectorhasguaranteedorjoinedinguaranteeing the repayment of the loan or any part of theloan;or

(b) wherethecontractorproposedcontracthasbeenorwillbemadewithorforthebenefitoforonbehalfofacorporationwhich by virtue of Section 7 of the Act is deemed to berelated to the company that he is the director of thatcorporation;or

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(c)anyotherexceptionsasprovidedundertheAct.

(3) A general notice in writing, which complies with Section 221(4)and(5)oftheAct,giventotheDirectorsbyanyDirectorshallbedeemedtobesufficientdeclarationof interest in relationtothesubjectmatterofthenotice.

121. Subject to the Act and the Listing Requirements, a Director of theCompanymaybeorbecomeaDirectororotherofficerof,orotherwiseinterested in,anycompanypromotedbytheCompanyor inwhich itmaybe interestedasavendor, shareholderorotherwise,uponsuchtermsandsubjecttosuchconditionsastheDirectorsmaydetermine.

WhenDirectoroftheCompanyappointedDirectorofasubsidiarycompany

122. AnyDirectormayactbyhimselforhisfirminaprofessionalcapacityfortheCompany,andbeorhisfirmshallbeentitledtoremunerationfor professional services as if he were not a Director, provided thatnothinghereincontainedshallauthoriseaDirectororhisfirmtoactasauditortotheCompany.

Righttopaymentforprofessionalservices

123. ADirectormayappointapersontoactashisalternate,providedthat–

(a) suchpersonisnotaDirectoroftheCompany;(b) suchpersondoesnotactasanalternateformorethanone(1)

DirectoroftheCompany;(c) theappointmentisapprovedbyamajorityoftheother

membersoftheBoard;and

(d) anyfeepaidbytheCompanytothealternateshallbedeductedfromthatDirector’sremuneration.

AlternateDirector

124. (1) AnyremovalofanalternateDirectorshallbebynoticeinwritingtotheCompanysignedbytheDirectorrevokingtheappointment.TheappointmentofanalternateDirectormayatanytimeberevokedby a majority of the Directors (excluding the Director whoappointedhim).

(2) AnalternateDirectorshallceasetobeanalternateDirectorifhis

appointorceasestobeaDirector;butifaDirectorwhoisrequiredto retire by rotation under this Constitution so retires and isreappointed or deemed to have been reappointed, anyappointmentofanalternateDirectormadebyhimwhichwas inforce immediatelyprior tohis retirementshall continueafterhisreappointment.

(3) AnalternateDirectorshallnotbetakenintoaccountindetermining

theminimumormaximumnumberofDirectorsrequiredunderthisConstitutionortheAct.

CessationofappointmentofalternateDirector

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125. EverypersonactingasanalternateDirectorshallbedeemedtobeanofficeroftheCompany,andshallaloneberesponsibletotheCompanyforhisownactsanddefaults,andheshallnotbedeemedtobetheagentoforfortheDirectorappointinghim.

ResponsibilityofanalternateDirector

MANAGINGDIRECTOR

126. TheSpecialShareholdermayfromtimetotime,appointaManagingDirectorof theCompany forsuchperiodanduponsuch termsashemaythinkfitatanyonetimebutiftheappointmentisforafixedterm,the term shall not exceed five (5) years; with power to reappointthereafterandmayfromtimetotime(subjecttotheprovisionsofanycontractbetweentheManagingDirectorandtheCompany)removeordismisshimfromofficeandappointanotherinhisplace.

PowertoappointManagingDirector

127. A Managing Director, or a person performing the functions of amanaging director, by whatever name called, shall be subject to thecontroloftheBoard.

ManagingDirectorsubjecttotheBoard

128. The Managing Director shall be subject to the same provisions as toresignation and removal as other Directors of the Company, and heshall, ipso factoand immediately,ceasetobeaManagingDirector ifheceasestoholdtheofficeofDirectorfromanycause.

ResignationandremovalofManagingDirector

129. The remuneration of a Managing Director shall (subject to theprovisionsofanycontractbetweenhimandtheCompany)fromtimetotimebefixedbytheDirectors,andmaybebywayoffixedsalary,orcommission on dividends or profits of the Company or of any othercompanyinwhichtheCompanyisinterestedorbyparticipationinanysuchprofitsorbyany,ofallof thosemodesorotherwiseasmaybeexpedient, but shall not include a commission on or percentage ofturnover.

RemunerationofManagingDirector

130. The Directors may from time to time entrust to and confer upon aManagingDirectorforthetimebeingsuchofthepowersexercisableunderthoseprovisionsbytheDirectorsastheymaythinkfit,andmayconfersuchpowersforsuchtime,andtobeexercisedforsuchobjectand purposes and upon such terms and conditions, and with suchrestrictionsastheythinkexpedient;andmayfromtimetotimerevoke,withdraw,alter,orvaryalloranyofsuchpowers.

PowersofManagingDirector

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APPOINTMENTANDREMOVALOFDIRECTORS

131. TheCompanyingeneralmeeting,butsubjecttothisConstitution,mayatanytimeelectanypersontobeaDirectorandmayfromtimetotimeincreaseor reducethenumberofDirectorsandmayalso, subject totheprovisionsoftheAct,determineinwhatrotationsuchincreasedorreducednumberistogooutofoffice.

Election,increase,reductionandsolutionofDirectors

132. TheDirectorsshallhavepoweratanytimeandfromtimetotimetoappointanyotherpersontobeaDirectoroftheCompanyeithertofillacasualvacancyorasanadditiontotheexistingDirectorsbutsothatthe total number of Directors shall not at any time exceed themaximumnumberfixedinthisConstitution.AnyDirectorsoappointedshallholdofficeonlyuntil thenextannualgeneralmeetingwhenheshallretireandshallthenbeeligibleforre-election.

AppointmentofDirectorbyBoard

133. NopersonnotbeingaretiringDirectorshallbeeligibleforelectiontothe office of Director at any general meeting unless some Membersintendingtoproposehimhas,atleasteleven(11)cleardaysbeforethemeeting, left at the Office a notice in writing duly signed by thenominee, giving his consent to the nomination and signifying hiscandidaturefortheoffice,ortheintentionofsuchMembertoproposehim, provided that in the case of a person recommended by theDirectorsforelection,nine(9)cleardays'noticeonlyshallbenecessaryandnoticeofeachandeverycandidatureforelectionasaDirectorshallbeservedontheregisteredholdersofsharesatleastseven(7)dayspriortothemeetingatwhichtheelectionistotakeplace.

CandidatureforelectionasDirector

ROTATIONOFDIRECTORS

134. At the firstannualgeneralmeetingall theDirectorsshall retire fromoffice and at the annual general meeting in every subsequent yearone-third (1/3) of the Directors for the time being or the numbernearesttoone-third(1/3)shallretirefromoffice.TheDirectorstoretireat such annual general meetings (other than the first) shall be theDirectorswhoshallhavebeenlongestinoffice.Asbetweentwo(2)ormorewhohavebeeninofficeanequallengthoftimetheDirectortoretireshallindefaultofagreementbetweenthem,bedeterminedbylot.ThelengthoftimeaDirectorhasbeeninofficeshallbecomputedfromhislastelectionorappointmentwhenhehaspreviouslyvacatedoffice.ADirectorretiringunderRule132shallnotbetakenintoaccountin determining the Directors or the number of Directors to retire byrotation at such meeting. A retiring Director shall be eligible for re-electionandshallactasaDirectorthroughoutthemeetingatwhichheretires.

RetirementofDirectorsbyrotation

135. AnelectionofDirectorsshall takeplaceeachyear.AllDirectorsshallretire from office once at least in each three (3) years, but shall beeligibleforre-election.

ElectionofDirectors

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136. SubjecttoanyresolutionforreducingthenumberofDirectors,ifanymeeting at which an election of a Director ought to take place, theplacesoftheretiringDirectorsarenotfilledup,themeetingshallstandadjournedtillthesamedayinthenextweekatthesametimeandplaceandif,attheadjournedmeetingtheplacesoftheretiringDirectorsarenotfilledup,theretiringDirectorsorsuchofthemashavenothadtheirplacesfilledupshall,ifwillingtocontinueinoffice,bedeemedtohavebeenre-electattheadjournedmeeting.

ElectionofDirectorsatadjournedmeeting

137. Meetingof theDirectorscanbeheldwithinoroutsideMalaysiaandcanbeheldattwo(2)ormorevenueswithinoroutsideMalaysiausinganytelecommunicationdeviceorsuchothercommunicationfacilitiesthat enable the Directors as a whole to participate for the entiredurationofthemeeting.ParticipationofaDirectorinameetingusinganytelecommunicationdeviceorothercommunicationfacilitiesshallbe treated as presence in person and shall be counted towards thequorumnotwithstandingthefactthathe/sheisnotphysicallypresentatthevenuewherethemeetingistobeheld.

VenueforDirectorsmeeting

138. TheDirectorsmaymeettogetherforthedespatchofbusiness,adjournandotherwiseregulatetheirmeetingsandproceedingsastheythinkfit.Two(2)Directorsshallbeaquorumforthetransactionofbusinessatameetingof theBoard.Questionsarisingatanymeetingshallbedecidedbyamajorityofvotesexceptincaseswhereaunanimousvoteis required under this Constitution or the decision of question isregulatedbyanyspecialagreement.

Proceedings,meetingofDirectorsandquorum

139. (1) Two (2) Directors may at any time summon a meeting of theDirectors,andtheSecretary,upontherequestofthechairmanor

Callingofmeetings

any two (2) Directors, shall convene a meeting of the Directors.NoticeofameetingofDirectorsneednotbegiven toaDirectorwhoisnotinMalaysiaandwhohasgivennoticethatheisleavingMalaysiatemporarilyorotherwise.

(2) ThenoticeofthemeetingofDirectorsshallincludethedate,time

andplaceofthemeeting.

(3) AnirregularityinthenoticeofameetingiswaivedifallDirectorsentitled to receive a notice of the meeting attend the meetingwithoutobjectiontotheirregularity.

140. TheSpecialShareholdershallappointthechairmanoftheBoard.TheBoard may elect a Senior Independent Director from amongst theIndependent Directors and the Board may determine the period forwhichsuchDirectorshallholdoffice.ThechairmanshallpresideatthemeetingofDirectors.Ifthechairmanisnotpresentwithinfifteen(15)minutes after the time appointed for holding of the meeting of theDirectorsorisnotwillingtoact,theSeniorIndependentDirectorshallpresideatthemeetingofDirectors.IftheSeniorIndependentDirectorisnotpresentwithinthefollowingsubsequentfifteen(15)minutesorisnotwillingtoact,theDirectorspresentshallchooseone(1)oftheirnumbertobechairmanofthemeeting.

Chairman

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141. A meeting of the Directors at which a quorum is present shall becompetent to exercise all or any of the authorities, powers anddiscretionsbyorundertheConstitutionforthetimebeingvestedinorexercisablebytheDirectorsgenerally.

Powerofquorum

142. QuestionsarisingatanymeetingoftheDirectorsshallbedecidedbyamajorityofvotes,eachDirectorhavingone(1)voteandincaseofanequality of votes the chairman shall have a second or casting vote.Provided that at a meeting of the Directors where two (2) Directorsformaquorumandonlysuchquorumispresent,oratameetingoftheDirectorsatwhichonlytwo(2)Directorsarecompetenttovoteonthequestionatissue,thechairmanofsuchmeetingshallnothaveacastingvote.

DecisionatameetingofDirectors

143. All acts done by any meeting of the Directors or of a committee ofDirectorsorbyanypersonactingasaDirectorormanagerorSecretaryshall,notwithstandingthatitshallafterwardsbediscoveredthattherewassomedefectintheappointmentofsuchDirectorsormanagerorSecretaryorpersonsactingasaforesaidor that theyoranyof themweredisqualified,beasvalidas, if every suchpersonhadbeendulyappointedandwasqualifiedtobeaDirectorormanagerorSecretary.Providedthatnothing inthisRuleshallbedeemedtogivevaliditytoacts done by such Directors, committee or manager or Secretary orpersons acting as aforesaid after it has been shown that there wassome defect in such appointment or that they or any of them weredisqualified.

ValidityofactsofDirectorsandofficers

144. Where a resolution is passed at an adjourned meeting of the Board,theresolutionshall,forallpurposes,betreatedashavingbeenpassedonthedateonwhichitwasinfactpassedandshallnotbedeemedtohavebeenpassedonanyearlierdate.

Resolutionpassedatadjournedmeeting

145. (1) A resolution in writing signed, assented or approved by severaldocuments, including letter, facsimile, electronic mail or othersimilar means of communication, in similar form by all theDirectors who are present in Malaysia for the time being, beingnot less than two (2), shall be as valid and effectual as if it hadbeen passed at a meeting of the Directors duly called andconstituted.ProvidedthatwhereaDirectorisnotsopresentbuthasanalternatewhoissopresentthensuchresolutionmustalsobesignedbysuchalternate.Allsuchresolutionsshallbedescribedas"Directors'Resolution"andmayconsistofseveraldocuments.Where a Director has assented or approved a resolution in amanner other than signing on the resolution in writing, suchDirectorshallcausetobeforwardedorotherwisedeliveredtotheSecretary a copy of the resolution in writing in the like formsigned by such Director without delay and shall be recorded bythe Secretary in the Company's minute book and submitted forconfirmation at a meeting of the Directors next following thereceipt thereofbytheSecretary.ADirectors'ResolutionshallbeinoperativeifitshallpurporttoauthoriseortodoanyactwhichameetingofDirectorshasdecidedshallnotbeauthorisedordoneviaaresolutioninwriting.

Resolutioninwritingbinding

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(2) AcopyofanysuchresolutionshallbeenteredintheminutebookofBoardproceedings.

146. ThecontinuingDirectorsmayactnotwithstandinganyvacancyintheirbody,butif,andsolongastheirnumberisreducedbelowtheminimumnumber fixed by or pursuant to this Constitution as the necessaryquorum of Directors, the continuing Directors may only act for thepurpose of increasing the number of Directors to such minimumnumberorofsummoningageneralmeetingbutfornootherpurposeexcepttoaddressanemergency.

Numbersreducedbelowquorum

147. The Directors may delegate any of their powers to a committeeconsistingofsuchnumberofmembersoftheirbodyastheythinkfit;any committee so formed shall, in the exercise of the powers sodelegated,conformtoanyregulationsthatmayfromtimetotimebeimposedonthembytheDirectors.

Committees

148. Themeetingsandproceedingsofanysuchcommittee,ifconsistingoftwo(2)ormoremembersshallbegovernedbytheprovisionshereincontainedforregulatingthemeetingsandproceedingsoftheDirectorssofarasthesameareapplicabletheretoandarenotsupersededbyanyregulationsmadebytheDirectorsunderthelastprecedingRule.

Meetingsandproceedingsofacommittee

149. Inthecaseofacommitteeconsistingofthree(3)ormoremembers,questionsarisingatanymeetingshallbedeterminedbyamajorityofvotesofthememberspresent,andincaseofanyequalityofvotesthechairmanofsuchmeetingshallhaveasecondorcastingvoteandinthecaseofacommitteeconsistingoftwo(2)membersonlythedecisionshallbearrivedatinsuchmannerasshallbedeterminedbyregulationsimposedbytheDirectors.

Decisionsofacommittee

MINUTESANDREGISTERS

150. (1) The Directors shall cause minutes to be duly entered in booksprovidedforthepurpose–

(a) ofallappointmentsofofficerswhichrequireapprovalsbythe

BoardastheBoardmaydetermine;

(b) ofthenamesoftheDirectorspresentateachmeetingoftheDirectorsandofanycommitteeofDirectors;

(c) ofallordersandresolutionsmadebytheDirectorsand

committeeofDirectors;and

(d) ofallresolutionsandproceedingsofgeneralmeetingsandofmeetingsoftheDirectorsandcommitteesofDirectors.

(2) Any such minutes of any meetings of the Directors, or of any

committee of Directors or of the Company, if purporting to besignedbythechairmanofsuchmeeting,orbythechairmanofthenext succeeding meeting, shall be receivable as prima facieevidenceofthematterstatedinsuchminutes.

Minutes

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POWERSOFDIRECTORS

151. ThebusinessoftheCompanyshallbemanagedbytheDirectorswhomay,inadditiontothepowersandauthoritiesbythisConstitutionorotherwiseexpresslyconferreduponthem,exerciseallsuchpowersanddoallsuchthingsastheCompany isby itsConstitutionorotherwiseauthorisedtoexerciseanddoandarenotherebyorbylawexpresslydirectedorrequiredtobeexercisedordonebytheCompanyingeneralmeetingbutsubject,nevertheless,totheprovisionsofanylawforthetimebeinginforceandofthisConstitutionandtoanyregulationsfromtime to time made by the Company in general meeting (not beinginconsistent with provisions of such law or of this Constitution),providedthatnoregulationsomadeshallinvalidateanyprioractoftheDirectorswhichwouldhavebeenvalidifsuchregulationhadnotbeenmade.

GeneralpowerofCompanyvestedinDirectors

152. TheDirectorsshallnotenterorcarry intoeffectanyarrangementortransactionfor–

Sale/disposalofassetsbyDirector

(a) theacquisitionofanundertakingorpropertyofasubstantialvalue;or

(b) thedisposalofasubstantialportionoftheCompany’sundertakingorpropertyunless–

(i) the entering into the arrangement or transaction is made

subjecttotheapprovaloftheCompanybywayofaresolution;or

(ii) thecarryingintoeffectofthearrangementortransactionhas

been approved by the Company by way of a resolution ofMembersingeneralmeeting.

“substantial value” or “substantial portion” shall have the samemeaning as set out in Section 223 of the Act or any amendmentstheretoandtheListingRequirements.

INDEMNIFICATION

153. SubjecttotheprovisionsoftheAct,everyDirector,manager,trustee,auditor,SecretaryandotherofficerorservantoftheCompanyshallbeindemnified by the Company for any travelling expenses and othercosts,chargesandexpensesandlossesincurredbyhiminoraboutthedischargeofhisduties,exceptsuchcost,charges,expensesor lossesincurredasaresultofhisownwilfulact,neglectordefault;andsubjectto all applicable laws, every Director, Secretary, manager and otherofficers or servant of the Company shall be indemnified out of theassetsoftheCompanyagainstanyliabilityincurredorsustainedbyhimin or about the execution of his duties of his office or otherwise inrelation thereto, and the Company may effect insurance for suchpersonsagainstsuchliability.

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154. NoDirectororotherofficeroftheCompanyshallbeliablefortheacts,receipts, neglects or defaults of any other Director or officer or forjoining in any receipt or other act for conformity, or for any loss orexpense happening to the Company through the insufficiency ordeficiencyoftitletoanypropertyacquiredbyorderoftheDirectorsfororonbehalfoftheCompanyorfortheinsufficiencyordeficiencyofanysecurityinoruponwhichanyofthemoneysoftheCompanyshallbeinvested, or for any loss or damage arising from the bankruptcy,insolvency or tortious act of any person with whom any moneys,Securities or effects shall be deposited, or for any loss, damage ormisfortunewhateverwhichshallhappenintheexecutionofthedutiesofhisofficeorinrelationthereto,unlessthesamehappenthroughhisownnegligence,default,breachofduty,breachoftrustordishonestyofwhichhemaybeguiltyinrelationtotheCompany.

Liability

SECRECYCLAUSE

155. Save as may be expressly provided by the Act, no Member shall beentitledtoenter intooruponor inspectanypremisesorpropertyoftheCompanynortorequirediscoveryofanyinformationinrespectofanydetailoftheCompany'stradingoranymatterwhichisormaybeinthenatureofatradesecret,mysteryoftradeorsecretprocesswhichmayrelatetotheconductofthebusinessoftheCompanyandwhich,intheopinionoftheDirectors,itwouldbeinexpedientintheinterestoftheMemberstocommunicatetothepublic.

Secrecy

DIVIDENDS

156. Subjecttoanyrightsorprivilegesforthetimebeingattachedtoanyshares in the capital of the Company having preferential or specialrightsinregardtodividendandtotheprovisionsofthisConstitutionasto the reserve and depreciation funds, the profits of the Companywhichitshallfromtimetotimebedeterminedtodistributebywayofdividend,shallbeappliedinpaymentofdividendsupontheordinarysharesoftheCompanyinproportiontotheamountsrespectivelypaidupthereonorcreditedaspaidupthereonattheendoftheperiodinrespectofwhichthedividendisdeclared,otherthantheamountspaidinadvanceofcalls.

ProfitsofCompanywhicharetobedistributedbywayofdividend

157. (1) Subject to the Act, the Company may make a dividend to itsMembers out of profits of the Company provided that theCompanyissolvent.

(2) BeforeadistributionismadebytheCompanytoanyMemberand

subjecttoanyotherrequirementsoftheActandthisConstitution,suchdividendmustbeauthorisedbytheDirectors.TheDirectorsmayauthoriseadividendatsuchtimeandinsuchamountastheyconsiderappropriate,iftheyaresatisfiedthattheCompanywillbesolventimmediatelyafterthedividendismade.ForthepurposesofthisRule,theCompanyisregardedassolventiftheCompanyisable to pay its debts as and when the debts become due withintwelve(12)monthsimmediatelyafterthedistributionismade.

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158. TheDirectorsmayretainthedistributionspayableuponanyshare inrespect of which any person is under Rule 58 entitled to become aMemberorwhichanypersonunder thatRule isentitled to transfer,until suchpersonshallbecomeaMember inrespect thereoforshalldutytransferthesame.NosuchdividendshallbearinterestasagainsttheCompany.

Retentionofdistribution

159. TheDirectorsmayretainanydividendsonwhichtheCompanyhasalienandmayapplythesameinortowardssatisfactionofanyunpaidliabilitiesinrespectofwhichthelienexistsashereinbeforeprovidedbythisConstitution.

Retentionofdividendonwhichcompanyfromalien

160. Nodividendshallbepayableexceptoutof theprofitsof theyearorany other undistributed profits of the Company, but this provisionshall be without prejudice to the right of the Directors to apply anypart of any such funds as may represent undistributed profits toprovide, make, equalise or increase any dividend or to pay a bonusissuefromtimetotime.NodividendorothermoneyspayableonorinrespectofashareshallcarryinterestasagainsttheCompany.

Paymentoutofnetprofitstobeconclusive

161. ThedeclarationoftheDirectorsastotheamountofthenetprofitsoftheCompanyshallbeconclusive.

Directors’declarationofnetprofitstobeconclusive

162. Whenashareisissuedafterthecommencementofanyfinancialyearitshall,unlessotherwiseprovidedbythetermsofissue,rankparipassuwith previously issued shares as regards any dividend subsequentlydeclaredinrespectofsuchyear.

Rankingofshares

163. Atransferofsharesshallnotpasstherighttoanydividenddeclaredthereonbeforetheregistrationofthetransfer.

Rightstodividendinrespectofatransferredshare

164. SubjecttotheUnclaimedMoneysAct,1965alldividendsunclaimedforone year, after having been declared, may be invested or otherwisemade use of by the Directors for the benefit of the Company untilclaimed.

Unclaimeddividends

165. Everydividendshallbelongandbepaid(subjecttotheCompany'slien)to those Members who shall be on the Register or the Record ofDepositors (as applicable) at the date fixed for the payment of suchdividend,notwithstandinganysubsequenttransferortransmissionofshare.

Register

166. TheDirectorsmaydeductfromthedividendspayabletoanyMemberallsuchsumsasmaybeduefromhimtotheCompanyonaccountofcallsorotherwise.

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167. Any general meeting declaring a distribution may, upon therecommendation of the Directors, resolve that such distribution bepaid wholly or in part by the distribution of specific assets, and inparticular or paid up shares, debentures or debenture stock of theCompany, or paid up shares, debentures or debenture stock of anyothercompany,orinanyone(1)ormoreofsuchways;andanygeneralmeetingmay,upontherecommendationoftheDirectors,resolvethatanymoneys,investmentorotherassetsformingpartoftheundividedprofitsof theCompanystanding to thecreditof the reserve fundorfunds or other special account or in the hands of the Company andavailablefordistributionandincludinganyprofitsarisingfromthesaleorrevaluationoftheassetsoftheCompanyoranypartthereoforbyreason of any other accretion to capital assets be capitalised anddistributed amongst such of the Members as would be entitled toreceivethesameifdistributedbywayofdistributionandinthesameproportiononthefootingthattheybecomeentitledtheretoascapitalandthatalloranypartofsuchcapitalisedfundsbeappliedonbehalfof such Members in paying up in full any unissued shares of theCompany or debentures or debenture stock of the Company whichshall be distributed accordingly or in or towards payment of theuncalled liability on any issued shares and that such distribution orpaymentshallbeacceptedbysuchMembersinfullsatisfactionoftheirinterestinthesaidcapitalisedsum.Forthepurposeofgivingeffecttoany resolutionunder thisRule theDirectorsmaysettleanydifficultywhichmayariseinregardtothedistributionastheythinkexpedient,andinparticularmayissuefractionalcertificatesandmayfixthevaluefor distribution of any specific assets, and may determine that cashpaymentsshallbemadetoanyMembersuponthefootingofthevaluesofixedorthatfractionsoflessvaluethanRM1.00maybedisregardedinordertoadjusttherightsofallpartiesandmayvestanysuchcashorspecifiedassetsintrusteesuponsuchtrustsforthepersonsentitledtothe dividend or capitalised fund as may seem expedient to theDirectors. Where requisite, a proper contract shall be filed inaccordance with the provisions of the Act, and the Directors mayappoint any person to sign such contract on behalf of the personsentitledtothedividendorcapitalisedfund,andsuchappointmentshallbeeffective.

Bonusissueinlieu

168. The Company in general meeting may from time to time and at anytimepassaresolutiontotheeffectthatitisdesirabletocapitaliseanypartoftheundividedprofitsoftheCompanystandingtothecreditofanytheCompany'sreservefundsortothecreditoftheprofitandlossaccount, and that accordingly such sum be set free for distributionamongtheMembersinaccordancewiththeirrightsandinterestintheprofitsorotherwiseasmaybeagreed,onthefootingthatthesamebenotpaidincash,butbeappliedinpaymentinfullorinpartofthesharesof the Company, and that such shares be distributed among theMembersinaccordancewiththeirrightsandinterestsintheprofitsorotherwiseasaforesaid.Whensuchresolutionhasbeenpassedonany

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occasiontheDirectorsmayallotandissuethesharesthereinreferredto credited as fully or partly paid up, as the case may be, to theMembers according to their rights and interest in the profits orotherwiseasaforesaid,withfullpowertomakesuchprovisionbytheissueoffractionalcertificatesorotherwiseastheythinkexpedientforthecaseoffraction.PriortosuchallotmenttheDirectorsmayauthoriseanypersons,onbehalfof theMembers to receivesuchallotment toenterintoanagreementwiththeCompanyprovidingfortheallotmentto them of such shares credited as fully or partly paid up, and anyagreementmadeundersuchauthorityshallbeeffective.

169. Any dividend, interest or other money payable in cash in respect ofsharesmaybepaidbybanker'sdraft,moneyorder,chequeorwarrantsent through the post to the registered address of the Member orpersonentitledtheretoorpaidviaelectronictransferofremittancetothebankaccountprovidedbytheholderwhoisnamedontheRegisterand/orRecordofDepositors.Everysuchdraft,moneyorder,chequeorwarrantorelectronictransferofremittanceshallbemadepayabletotheorderofthepersonstowhomitissentorremittedandpaymentofsame ifpurportingtobeendorseshallbeagooddischargetotheCompany. Every such cheque or warrant or electronic transfer ofremittanceshallbesentorremittedattheriskofthepersonentitledtothemoneyrepresentedthereby.

Paymentofdividend

170. (1) The Directors shall cause to be kept proper books of accountwith–

(a) allsumsofmoneyreceivedandexpendedbytheCompanyandthematters in respectofwhich the receiptandexpendituretakesplace;

(b) allsalesandpurchasesofgoodsandservicesbytheCompany;and

(c) theassetsandliabilitiesoftheCompany.(2) ThebooksandaccountsshallbekeptattheOfficeoratsuchother

place the Directors think fit, and shall at all times be open toinspectionbytheDirectors.

(3) Therecordsreferredtoinsub-Rule(1)shallberetainedfor seven

(7)yearsafterthecompletionofthetransactionsoroperationstowhichtheentriesrelate.

Accounts

171. TheDirectorsshallfromtimetotimedeterminewhetherandtowhatextent and at what times and places, and under what conditions orregulationstheaccountsandbooksoftheCompany,oranyofthem,shallbeopentotheinspectionofMembersnotbeingDirectors,andnoMember(notbeingaDirector)shallhaveanyrightof inspectinganyaccountorbookordocumentoftheCompanyexceptasconferredbytheActorauthorisedbytheDirectors.

Inspectionoftheaccounts

172. The Directors shall from time to time, in accordance with theprovisions of the Act, cause to be prepared and laid before theCompany ingeneral meeting such profit and loss accounts, balance

Presentationofaccounts

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sheets,groupaccounts(ifany)andreportsasarerequiredundertheAct.

173. (1) Acopyofauditedfinancialstatementswhichistobelaidbeforethe Company in general meeting (including every documentrequiredby law to be annexed thereto) togetherwitha copyoftheauditors’andDirectors'reportsinprintedformorinCD-ROMformorinsuchotherformofelectronicmediashallnotmorethansix(6)monthafterthecloseofthefinancialyearandnotlessthantwenty one (21) days (or such other shorter period as may beallowedbytheActorListingRequirements)beforethedateofthemeetingbe senttoeveryMemberof,everyholderofdebentureof,andtrustee foreverydebentureholderof, theCompany, theDirectorsandtheauditorforthetimebeingoftheCompanyandto every other personwho isentitletoreceivenoticeofgeneralmeetingfromtheCompanyundertheprovisionsoftheActorofthisConstitution.

(2) CopiesofthefinancialstatementsandreportsshallbesenttothelastknownaddressprovidedtotheCompany.

(3) Any Director, Member or debenture holder to whom copies ofthefinancialstatementsandreportshavenotbeensentshall,onarequestbeingmadebytheMemberordebentureholdertotheCompanybefurnishedwithsuchcopieswithoutcharge.

(4) IntheeventthatthesedocumentsaresentinCD-ROMformorinsuch other form of electronic media and a Member requires aprinted form of such documents, the Company shall send suchdocumentstotheMemberwithinfour(4)marketdaysfromthedate of receipt of the request or such other period as may beprescribedbytheExchange.

CopiesofaccountstobesenttoMembers,Directorsandauditorsetc.

174. SaveasmaybenecessaryforcomplyingwiththeprovisionsoftheAct,theDirectorsshallnotbeboundtopublishanylistorparticularsoftheSecurities or investments held by the Company or to give anyinformationwithreferencetothesametoanyMember.

Particularsofinvestments

AUDIT

175. Once at least in every year the accounts of the Company shall beexamined and the correctness of the profit and loss account andbalance sheet shall be ascertained by one (1) or more auditor orauditors and the provisions of the Act in regard to audit and theappointedandqualificationofauditorsshallbeobserved.

Audit

176. TheauditororauditorsshallbeentitledtoattendanygeneralmeetingandtoreceiveallnoticesofandothercommunicationsrelatingtoanyannualgeneralmeetingwhichanyMemberisentitledtoreceiveandtobeheardatanygeneralmeetingonanypartofthebusinessofthemeetingwhichconcernshimasauditor.

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177. EveryaccountoftheDirectorswhenauditedshallbeconclusiveexceptasregardsanyerrordiscoveredthereinwithinthree(3)monthsnextafter the approval thereof; whenever any such error is discoveredwithin that period the account shall forthwith be corrected andthenceforthshallbeconclusive.

Auditedaccounts

178. TheintervalbetweenthecloseofafinancialyearoftheCompanyandtheissueoftheannualauditedaccounts,theDirectors'andauditors'reports shall not exceed four (4) months or such other periodprescribedbytheActand/ortheListingRequirements.

Presentationofaccounts

COMMONSEAL

179. TheDirectorsshallforthwithprovideaSealfortheCompanyandtheyshall have power from time to time to destroy the same andsubstituteanewSealinlieuthereof.

Seal

180. TheSealoftheCompanyshallbedepositedattheOffice,andsubjectto Rule 23 shall never be affixed to any document except by theauthorityofaresolutionoftheDirectors,andinthepresenceoftwo(2) Directors or a Director and the Secretary or some other personappointedbytheDirectors for thepurpose,andevery instrumenttowhichtheSeal isaffixedshallbeconclusiveevidenceofthefactthatthe Seal has been properly affixed. The Company may also have a"shareseal"pursuanttotheAct.

SECRETARY

181. (1) TheSecretaryshallbeappointedbytheDirectorsforsuchtermorterms,atsuchremunerationanduponsuchconditionsastheymaythinkfit,andanySecretarysoappointedmaybeonlyremovedbythem.TheDirectorsmay,fromtimetotime,ifthereisnoSecretaryornoSecretarycapableofacting,byresolutionappointanassistantordeputySecretarytoexercisethefunctionsoftheSecretary.

(2) NotwithstandinganythingcontainedinthisRule,theSecretarymay

resign from his/her office by giving a notice to the Board inaccordancewithSection237oftheAct.

Secretary

MANAGEMENT

182. TheDirectorsmayfromtimetotimeprovideforthemanagementandtransactionoftheaffairsoftheCompanyinanyspecifiedlocalityinanypartoftheworldinsuchmannerastheythinkfit,andtheprovisionscontainedinthenextfollowingRulesshallbewithoutprejudicetothegeneralpowersconferredhereby.

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183. TheDirectorsmayfromtimetotime,appointachiefexecutiveofficerand/orgeneralmanager(s),andatanytime,mayestablishanyoffice,or agency for managing any of the affairs of the Company in anyspecified locality, and may appoint any persons to be managers,Secretaries or agents, and may fix their remuneration. SuchappointmentsordelegationmaybemadeonsuchtermsandsubjecttosuchconditionsastheDirectorsmaythinkfit,andtheDirectorsmayatany time remove anypersonso appointedandmayannulorvarysuchdelegation.

Chiefexecutiveofficerorgeneralmanager

184. The Directors may at any time and from time to time, by powers ofattorney under the Seal appoint any person or persons to be theattorneyorattorneysoftheCompanyforsuchpurposesandwithsuchpowers,authoritiesanddiscretions(notexceedingthosevestedinorexercisablebytheDirectorsunderthesepresents),andforsuchperiodandsubjecttosuchconditionsastheDirectorsmayfromtimetotimethinkfitandanysuchappointmentmay(if theDirectorsthinkfit)bemade in favour of any of the persons referred to in Rule 171 or anycompanyoroftheMembers,Directors,nomineesormanagersofanycompany or firm or otherwise in favour of any fluctuating body ofpersonswhethernominateddirectlyorindirectlybytheDirectorsandanysuchpowerofattorneymaycontainsuchpowersfortheprotectionorconvenienceofpersonsdealingwithsuchattorneysastheDirectorsthinkfitanysuchdelegatesorattorneysasaforesaidmaybeauthorisedbytheDirectorstosub-delegatealloranyofthepowers,authoritiesanddiscretionforthetimebeingvestedinthem.

Powerofattorney

185. NotwithstandingtheprovisionsofRules182,183and184theDirectorsmayappointasolicitortoprosecuteordefendanyproceedingsbyoragainsttheCompanyinanycourtoflawandforthispurposemaycausethe Seal of the Company to be affixed to any warrant, power ofattorney or other authority and may in the case of any emergencyarisingrequiringtheappointmentofanagentorofficeroftheCompanymakethetemporaryappointmentofanagentorofficertoholdofficeuntilthenextmeetingoftheDirectors.

Appointmentofsolicitor

BILLS,NOTES,CHEQUESANDRECEIPTS

186. The Directors may draw, make, accept or endorse or authorise anyotherpersonorpersonstodraw,make,acceptorendorseanycheques,bills of exchange, promissory notes or other negotiable instruments,providedthateverycheque,billofexchange,promissorynoteorothernegotiable instrument drawn), made or accepted shall be signed bysuchpersonorpersonsastheDirectorsmayappointforthepurpose.

Negotiableinstrument

187. ReceiptformoneypayabletotheCompanymaybesignedbyaDirectoror the Secretary, or the person acting as Secretary, or by any otherpersonauthorisedbytheDirectorstoreceivemoneyeithergenerallyor any particular sum of money on behalf of the Company and suchreceipt shall be deemed to be valid, and any money paid by theauthorityoftheDirectorstothebankersoftheCompanyonaccountoftheCompanyshallbedeemedtobedulypaidtotheCompany.

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NOTICES

188. (1) Other than notice of general meetings, communication betweenthe Company and the Members, including matters relating toresolutions,supplyof informationordocumentsorotherwiseforthepurposesofcomplyingwiththeActmaybe–

HownoticestobeservedonMembers

(a) inhardcopy;

(b) inelectronicform;or

(c) partlyinhardcopyandpartlyinelectronicform.

(2) Acommunicationinhardcopyshallbevalidif–

(a) addressedtotheCompanyattheOffice;or

(b) addressedtotheMemberatthelastknownaddress.

(3) Acommunicationinelectronicformshallbevalidif–

(a) addressed to the Company at an electronic address provided

forthatpurpose;or

(b) addressedtotheMemberatthelastknownelectronicaddressprovidedforthatpurpose.

(4) ForthepurposesofthisRule,thecontactdetailsofaMemberas

provided to the Depository shall be deemed as the last knownaddressprovidedbytheMembertotheCompanyforpurposesofcommunicationwiththeMember.

189. EveryMembermayfromtimetotimenotifyinwritingtotheCompanysomeplaceinMalaysiatoberegisteredashisaddressandsuchplaceshall for all purposed be deemed his registered place of address. AMemberwhohasnoregisteredplaceofaddressshallnotbeentitledtoanynotice.

Membertonotifyandregisterhisaddress

190. IfaMemberhasnoregisteredaddressinMalaysiaandhasnotsuppliedtotheCompanyanaddresswithinMalaysiaforthegivingofnoticestohim, a notice addressed to him and advertised in a newspapercirculating intheneighbourhoodoftheOfficeshallbedeemedtobedulygiventohimonthedayonwhichtheadvertisementappears.

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191. (1) Anynoticesentbypostshallbedeemedtohavebeenservedonthedayonwhich theenvelopeorwrappercontaining the samewouldbedeliveredintheordinarycourseofpostandinprovingsuch service, it shall be sufficient to prove that the envelope orwrapper containing the notice was properly addressed, prepaid,andputintothepostoffice.ThecertificateinwritingsignedbyaDirectororanyotherofficeroftheCompanythattheenvelopeorwrapper containing the notice was so addressed, prepaid andpostedshallbeconclusiveevidencethereof.Anynoticegivenbyadvertisement shall be deemed to have been given on the dayonwhichtheadvertisementshallfirstappear.

(2) Acommunicationinelectronicformshallbedeemedtobeservedupon transmission of the same to the electronic address of theaddressee unless the sender receives an automated deliveryfailurenoticeafterthecommunicationhasbeentransmitted.

Whennoticesbypostdeemedtobeserved

192. Every person who by operation of law, transfer or by other meanswhatsoever shall become entitled to any share shall be bound byeverynoticeinrespectofsuchsharewhichpreviouslytohisnameoraddressbeingenteredtotheRegisterasaMembershallbedulygivento Member from whom he derives his title to the sharenotwithstandingtheCompanymayhavenoticeof thedeath, lunacy,bankruptcy,insolvencyordisabilityofsuchMemberorofthetransferofsuchshare.

Noticetoregisteredholders

193. A notice may be given by the Company to the persons entitled to ashare in consequence of the death, bankruptcy or insolvency of aMember addressed to them by name, or by the title of therepresentative of the deceased, or assignee of the bankrupt orinsolventorbyany likedescriptionbysending itthroughthepostorleftattheaddress(ifany)inMalaysiasuppliedforthepurposebythepersonsclaimingtobesoentitled,or(untilsuchanaddresshasbeensosupplied)bygivingthenoticeinanymannerinwhichthesamemighthave been given if the death, bankruptcy or insolvency had notoccurred.

Noticetopersonentitledtoashareinconsequenceofdeath,bankruptcyorinsolvency

194. Any notice or document delivered or sent by post to or left at theregisteredaddressofanyMemberinpursuanceofthesepresentsshall,notwithstandingsuchMemberbethendeceased,andwhetherornottheCompanyhasnoticeofhisdemise,bedeemedtohavebeendulyservedinrespectofanyregisteredsharesandsuchserviceshall,forallpurposes of these presents, be deemed a sufficient service of suchnoticeordocumentonhisheirs,executorsoradministrators.

Noticeinrespectofdeceasedholders

195. (1) Notice of every general meeting shall be given in the mannerhereinbeforeauthorisedto–

(a) every Member except those Members who (having noregistered address within Malaysia) having not supplied tothe Company an address within Malaysia for the issuanceand/ordeliveryofnoticestothem;

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(b) everypersonentitledtoashareinconsequenceofthedeath,

bankruptcyorinsolvencyofaMemberwho,butforthisdeath,bankruptcyorinsolvency,wouldbeentitledtoreceivenoticeofthemeeting;

(c) inrespectofannualgeneralmeetings,theauditorforthetime

beingoftheCompany;and(d) theDirectorsforthetimebeingoftheCompany.

(2) No other person shall be entitled to receive notices of generalmeetings.

196. Where a given number of days' notice or notice extending over anyotherperiodisrequiredtobegiven,thedayofserviceandthedayonwhichthenoticesistobeoperativeshallbeexcludedincomputingsuchnumberofdaysorotherperiod.

Periodofnotice

WINDINGUP

197. If the Company shall be wound up and the assets available fordistributionamongtheMembersshallbeinsufficienttopaythewholeofthepaidupcapital,suchassetsshallbedistributedsothatasnearlyasmaybethelossesshallbebornebytheMembersinproportiontothe capital paid up or which ought to have been paid up at thecommencement of the winding up on the shares held by themrespectively.AndifinawindinguptheassetsavailablefordistributionamongtheMembersshallbemorethansufficienttorepaythewholeof the capital paid up at the commencement of the winding up, theassets shall be distributed among the Members in proportion to thecapital at the commencement of the winding up paid up, or whichoughttohavebeenpaidup,onthesharesheldbythemrespectively,butthisRuleistobewithoutprejudicetotherightsoftheholdersofsharesissueduponspecialtermsandconditions.

DistributionofAssets

198. TheliquidatoronanywindingupoftheCompany(whethervoluntarilyor otherwise) may with the authority of a Special Resolution divideamongsttheMembersinspecieorkindthewholeoranypartoftheassetsoftheCompany,(whethertheyshallconsistofpropertyofthesame kind or not) and may, for such purpose, set such value as bedeems fair upon any property to be divided as aforesaid, and maydetermine how such division shall be carried out as between theMembers or different classes of Members, and may, with the likesanction,vestthewholeofanypartoftheassetsoftheCompany intrusteesuponsuchtrustsforthebenefitofthecontributoriesoranyofthemastheliquidator,withthelikesanctionshallthinkfit.

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199. InthecaseofasalebytheliquidatorunderSection456oftheAct,theliquidator may by the contract of sale agree so as to bind all theMembersfortheallotmenttotheMembersdirectoftheproceedsofsaleinproportiontotheirrespectiveinterestsintheCompany,andmayfurther by the contract limit a time at the expiration of whichobligations or shares not accepted or required to be sold shall bedeemedtohavebeen,irrevocablyrefusedandbeatthedisposaloftheCompany, but so that nothing herein contained shall be taken todiminish,prejudiceoraffecttherightsofdissenting Membersconferredbythesaidsection.

Proceedsofsalebyliquidator

200. Thepowerofsaleofaliquidatorallincludeapowertosellwhollyorpartially for debentures, debenture stock or other obligations ofanother company, either then already constituted or about to beconstitutedforthepurposeofcarryingoutofthesale.

Powerofsaleofaliquidator

EFFECTSOFTHELISTINGREQUIREMENTS

201. (1) Notwithstanding anything contained in this Constitution, if theListingRequirementsprohibitanactbeingdone,theactshallnotbedone.

(2) NothingcontainedinthisConstitutionpreventsanactbeingdone

thattheListingRequirementsrequiretobedone.(3) IftheListingRequirementsrequireanacttobedoneornottobe

done,authorityasgivenforthatacttobedoneornottobedone(asthecasemaybe).

(4) If theListingRequirements require thisConstitution tocontaina

provision and they do not contain such a provision, thisConstitutionisdeemedtocontainthatprovision.

(5) If the Listing Requirements require that this Constitution not to

containaprovisionanditcontainssuchprovision,thisConstitutionisdeemednottocontainthatprovision.

(6) IfanyprovisionofthisConstitutionisorbecomesinconsistentwith

the Listing Requirements, this Constitution is deemed not tocontainthatprovisiontotheextentoftheinconsistency.

Compliancewiththelaw