Outcome of Meeting

Malaysia Marine and Heavy Engineering Holdings Berhad ("MHB") is pleased to announce that at the 27th Annual General Meeting ("AGM") of MHB held on Monday, 18 April 2016 at 11.00 a.m. at Topaz Ballroom, One World Hotel, Ground Floor, First Avenue, Bandar Utama City Centre, 47800 Petaling Jaya, Selangor Darul Ehsan, all the resolutions as set out in the Notice of the 27th AGM dated 25 March 2016were duly passed as follows:

ORDINARY RESOLUTIONS

Resolution 1 - Receipt of the Audited Financial Statements for the financial year ended 31 December 2015 together with the Reports of the Directors and Auditors thereon.

Resolution 2 - Election of Syed Hashim Syed Abdullahas Director of the Company who retired pursuant to Article 112 of the Company's Articles of Association.

Resolution 3- Re-election of Yee Yang Chienas Director of the Company who retired pursuant to Article 115of the Company's Articles of Association.

Resolution 4- Re-election of Dato' Halipah binti Esaas Director of the Company who retired pursuant to Article 115of the Company's Articles of Association.

Resolution 5- Re-election of Datuk Nasarudin Md Idris as Director of the Company who retired pursuant to Article 115of the Company's Articles of Association.

Resolution 6- Approval of the payment of Directors' remuneration amounting RM1,036,000 for the financial year ended 31 December 2015.

Resolution 7 - Re-appointment of Messrs Ernst & Young as Auditors of the Company and authorisation for the Directors to fix their remuneration.

This announcement is dated 18 April 2016.