I.PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN INNOPRISE PLANTATIONS BERHAD ("INNOPRISE") INTO TWO (2) ORDINARY SHARES OF RM0.50 EACH IN INNOPRISE ("SPLIT SHARE(S)") ("INNOPRISE SHARE(S)" OR "SHARE(S)") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED SHARE SPLIT");

II.PROPOSED RENOUNCEABLE TWO-CALL RIGHTS ISSUE OF UP TO 96,230,650 SPLIT SHARES AFTER THE PROPOSED SHARE SPLIT ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY FOUR (4) SPLIT SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED TWO-CALL RIGHTS ISSUE"); AND

III. PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF INNOPRISE ("PROPOSED AMENDMENT")

On behalf of the Board of Directors of Innoprise Plantations Berhad ("IPB") or ("the Company"), we hereby announce that at the Extraordinary General Meeting ("EGM") of the Company held on 23 December 2015, all the resolutions set out in the Notice of EGM dated 1 December 2015 were approved by the shareholders of the Company.

This announcement is dated 23 December 2015.