ELSOFT RESEARCH BERHAD ("ELSOFT" OR "THE COMPANY")

- ELEVENTH ANNUAL GENERAL MEETING ("11TH AGM")

We wish to inform that the Company's 11th AGM was duly held and convened on Friday, 27 June 2014 and all resolutions as set out in the Notice of 11th AGM dated 4 June 2014, were passed by the shareholders present except the proposed Special Resolution 1 was modified and passed by the shareholders.

The proposed amendment to Article 162 of the Company’s Articles of Association will take effect on 31 December 2015. This is in line with the provision of Bursa Malaysia Securities Berhad Main Market Listing Requirements where Paragraph 7.33 will be deleted on 31 December 2015. Other proposed amendments to Articles 2(b), 2(l), 2(o), 51 and 180 were passed without modification.

This announcement is dated 27 June 2014.