Reference is made to the announcement dated 29 March 2013 in relation to the Notice of Extraordinary General Meeting (EGM) on the Proposed establishment of a Long Term Incentive Plan for eligible employees and Executive Directors of Paramount Corporation Berhad (Paramount) and its subsidiaries (Proposed LTIP).

The Board of Directors of Paramount is pleased to announce that the shareholders have at the EGM today approved Ordinary Resolution 1 on the Proposed LTIP . Ordinary Resolution 1 was duly carried by way of poll at the EGM and the results were as follows:

Ordinary Resolution 2 in respect of the Proposed LTIP award to an Executive Director and Ordinary Resolution 3 in respect of the Proposed LTIP award to the Chief Executive Officer were, however, withdrawn with the consensus of the shareholders at the EGM.