We refer to the announcements dated 18 January 2017, 3 March 2017, 14 March 2017 and 15 March 2017, and the circular to shareholders in relation to the proposed disposal of the entire equity interest in Sistem Lingkaran-Lebuhraya Kajang Sdn Bhd, a wholly-owned subsidiary of SILK Holdings Berhad (“SHB” or the “Company”), to Permodalan Nasional Berhad for a cash consideration of RM380.00 million (“Proposed Disposal”) dated 6 March 2017 (“Circular”). Unless otherwise stated, words and expressions used in this announcement shall have the same meaning as those attributed to them in the Circular.

On behalf of the Board of Directors of SHB, Affin Hwang Investment Bank Berhad and Astramina Advisory Sdn Bhd wish to announce that the shareholders of the Company have at the Extraordinary General Meeting (“EGM”) of the Company held on 21 March 2017, approved the ordinary resolution as set out in the Notice of EGM dated 6 March 2017 in relation to the Proposed Disposal.

The Ordinary Resolution was voted by poll and the detailed results of the poll which were validated by Kalis & Co, the independent scrutineer appointed by the Company, are as attached to this announcement.

Accordingly, this Condition Precedent has been fulfilled.

This announcement is dated 21 March 2017.

Please refer attachment below.