The Board of Directors of Asia Media Group Berhad ("the Company") is pleased to announce that all resolutions set out in the Notice of the Extraordinary General Meeting ("EGM") dated 29 July 2015and tabled at the said EGM held today. 24 August 2015, were duly passed:-

(1) Approval of the Proposed Reduction of the Issued and Paid-up Share Capital of AMEDIAvia the Cancellation of RM0.08 ofthe par value of theordinary shares of RM0.10 each in AMEDIA toRM0.02 each in AMEDIApursuant to Section 64 ofthe Companies Act, 1965 (“Proposed Par Value Reduction”);

(2) Approval of theProposed Share Consolidation of every five (5) ordinary shares of RM0.02 each into one (1) new ordinary share of RM0.10 each in AMEDIA (“AMEDIA Share” or “Share”) after the Proposed Par Value Reduction (“Proposed Share Consolidation”);

(3) Approval of theProposed Renounceable Rights Issue of up to 979,761,672 new AMEDIA Shares (“Rights Shares”) on the basis of three (3) Rights Shares for every one (1) existing AMEDIA Share held after the ProposedPar Value Reduction and Proposed Share Consolidation, together with up to 326,587,224 free detachable warrants (“Warrants”) on the basis of one (1) warrant for every three (3) Rights Shares subscribed at an entitlement date to be determined later (“Entitlement Date”) (“Proposed Rights Issue Of Shares With Warrants”);

(4) Approval of theProposed Diversification of the existing business of AMEDIA and its subsidiaries (“AMEDIA Group” or “Group”) to include oil palm plantation business (“Proposed Diversification”); and

(5)Approval of the Proposed Change of Auditors.

This announcement is dated 24 August 2015.