Further to the announcements made on 31 March 2016 and 5 April 2016, the Board of Directors of Freight Management Holdings Bhd ("FMHB" or "the Company") wishes to announce that the Company has on 15 April 2016 subscribe for an additional 649,998 ordinary shares of RM1.00 each, representing 65% of the issued and paid-up share capital of FM Hubwire Sdn. Bhd. ("FMHSB") at a total cash consideration of RM649,998.00.

The authorised share capital of FMHSB is RM5,000,000.00 divided into 5,000,000 ordinary shares of RM1.00 each and the issued and paid-up share capital is RM1,000,000.00 divided into 1,000,000 ordinary shares of RM1.00 each.

Upon the completion of the allotment of shares, FMHSB will be a 65% owned-subsidiary of the Company and the equity shareholdings of FMHSB will be held as follows:

1. Hubwire Sdn. Bhd. (25%);

2. FMHB (65%);

3. Yeo Hock Choon @ Mark Yeo (3%);

4. Teoh Beng Keat (2%); and

5. Liew Willip (5%).

This announcement is dated 15 April 2016.