On behalf of the Board of Directors of Coastal Contracts Bhd ("the Company"), we hereby announce that at the Fourteenth Annual General Meeting ("AGM") of the Company held on 26 June 2014, the shareholders of the Company approved all the resolutions set out in the Notice of AGM dated 4 June 2014 including the resolutions on the following special business:

(a) Authority to issue shares pursuant to Section 132D of the Companies Act, 1965;

(b) Proposed Renewal of Authority for the Company to purchase its own shares of

up to 10% of its issued and paid up share capital; and

(c) Proposed Retention of Independent Non-Executive Director.