On behalf of the Board of Directors of Evergreen Fibreboard Berhad (“EFB”), CIMB Investment Bank Berhad wishes to announce that EFB propose to undertake the following:

1. Proposed Private Placement of up to 51,297,800 new ordinary shares of RM0.25 each in EFB (“EFB Shares”), representing up to 10% of the issued and paid-up share capital of EFB (excluding treasury shares) ("Proposed Private Placement"); and
2. Proposed Bonus Issue of up to 282,137,900 of new EFB shares (“Bonus Shares”) to be credited as fully paid-up on the basis of 1 bonus share for every 2 EFB shares held after the Proposed Private Placement (“Proposed Bonus Issue”)

(collectively referred to as the “Proposals”)

Further details of the Proposals are set out in the attachment.

This announcement is dated 20 November 2015.