BURSA ANNOUNCEMENTS

INDEPENDENT ADVICE CIRCULAR TO THE MINORITY SHAREHOLDERS

Subject	INDEPENDENT ADVICE CIRCULAR TO THE MINORITY SHAREHOLDERS in relation to the: I. PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN DURO METAL INDUSTRIAL (M) SDN BHD FOR A PURCHASE CONSIDERATION OF RM19,500,000 TO BE SATISFIED ENTIRELY BY THE ISSUANCE OF 9,653,465 NEW ORDINARY SHARES OF RM1.00 EACH IN SMPC METAL INDUSTRIES BERHAD AT RM2.02 PER SHARE; AND II. PROPOSED WAIVER FOR KUMPULAN PITCHAI SDN BHD AND PARTIES ACTING IN CONCERT FROM THE OBLIGATION TO EXTEND A MANDATORY OFFER FOR THE REMAINING SHARES IN SMPC METAL INDUSTRIES BERHAD NOT ALREADY OWNED BY KUMPULAN PITCHAI AND THE PARTIES ACTING IN CONCERT

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