Malaysian Resources Corporation Berhad ("MRCB") wishes to announce that the ordinary resolution on the Privatisation Agreement entered into between Rukun Juang Sdn Bhd, a 85%-owned subsidiary of MRCB Land Sdn Bhd, which is turnis a wholly-owned subsidiary of MRCB, the Government of Malaysia (as represented by the Ministry of Youth and Sports) and Syarikat Tanah dan Harta Sdn Bhd relating to the refurbishment and upgrading of facilities located at the National Sports Complex in Bukit Jalil, KualaLumpur for a total contract sum of RM1,631,880,000 tabled at the Extraordinary General Meeting held today has been approved by shareholders.