On behalf of the Board of Directors of Coastal Contracts Bhd ("the Company"), we hereby announce that at the Fifteenth Annual General Meeting ("AGM") of the Company held on 23 June 2015, the shareholders of the Company approved all the resolutions set out in the Notice of AGM dated29 May2015 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.