| We wish to announce that we have today, received the attached press notice from CIMB and OCBC Advisers, on behalf of OCSB, informing that the Securities Commission (under the Guidelines on Acquisition of Interests, Mergers and Take-Overs by Local and Foreign Interests issued by the Foreign Investment Committee), has approved the Offer and the proposed transfer of OCSB Securities Private Limited's entire shareholding in OCSB to Federal Securities Private Limited. |