Others PESTECH International Berhad (“PESTECH” or “The Company”) – Incorporation Of A New Wholly-Owned Subsidiary In Papua New Guinea Namely, Pestech (Png) Ltd

The Board of Directors of PESTECH wishes to announce that PESTECH had on 24 November 2016 received a notification on the incorporation of a wholly-owned subsidiary in Papua New Guinea, namely PESTECH (PNG) Ltd (Registration No. 1-112642) (“PPNG“) which was incorporated on 23 November 2016 (“Incorporation“).

Information on PPNG

PPNG is a private limited company established with a registered capital of Papua New Guinean Kina 100,000PGK.

The principal activity of PPNG include Engineering, procurement, construction and commissioning of power transmission and distribution project, pre-fabricated, compact substation, power plant control, automation systems, project consultancy and project management services.

The Incorporation does not have any material effect on the earnings and net tangible assets of the Company.

None of the Directors, Major Shareholders and/or persons connected to them has any interest, direct or indirect, in the Incorporation.

That the Board of Directors is of the opinion that the Incorporation is in the best interest of the Company.

This announcement is dated 24 November 2016.