The Board of Director is pleased to announce that at the Company's Extraordinary General Meeting held on 30 November 2011, the resolutions pertaining to the below as tabled under the Agenda as contained in the Notice convening the meeting were approved by the shareholders:-

1) Proposed Issue of 40,571 429 Ordinary Shares of RM0.50 each ("Bonus Shares") in Freight Management Management Holdings Berhad ("FMHB") on the Basis of One(1) Bonus Share For Every Three(3) existing shares of RM0.50 each held in FMHB ("FMHB Shares");
2) Proposed Issue of 24,342,857 Free Warrants in FMHB ("Free Warrants") on the basis of One(1) Free Warrant for every Five(5) existing FMHB shares held on the same entitlement date for the proposed Bonus Issue to be determined later; and
3) Proposed Increase in Authorised Share Capital of FMHB from the existing RM100,000,000 comprising 200,000,000 FMHB shares to RM125,000,000 comprising 250,000,000 FMHB shares.

The full text of the resolutions as per the Notice of Extraordinary General Meeting is attached for easy reference.

This announcement is dated 30 November 2011.