TRANSMILE GROUP BERHAD (“TRANSMILE” OR THE “COMPANY”) SUSPENSION AND DE-LISTING OF THE SECURITIES OF TRANSMILE, 23 February 2011

We refer to the First Announcement by Transmile dated 23 February 2010 and the announcements made by Kenanga Investment Bank Berhad, on behalf of the Board of Directors of Transmile, dated 9 March 2010, 30 March 2010, 29 April 2010, 17 May 2010, 27 May 2010, 29 June 2010, 29 July 2010, 30 August 2010, 29 September 2010, 28 October 2010, 29 November 2010, 30 December 2010, 28 January 2011 and 22 February 2011 pursuant to Practice Note 17 of Bursa Malaysia Securities Berhad’s (“Bursa Securities”) Main Market Listing Requirement (“Main LR”).

Kenanga Investment Bank Berhad on behalf of the Board of Directors of Transmile, wishes to inform that Bursa Securities, had vide its letter dated 23 February 2011 informed that Transmile has failed to submit a regularisation plan to the Securities Commission or Bursa Securities for approval within 12 months from the Company’s First Announcement in accordance with paragraph 8.04(3)(a)(i) of the Main LR, i.e, on or before 22 February 2011.

In the circumstances and pursuant to paragraph 8.04(5) of the Main LR, Bursa Securities informed that:-

(a) the trading in the securities of the Company will be suspended with effect from 3 March 2011; and

(b) the securities of the Company will be de-listed on 7 March 2011 unless an appeal is submitted to Bursa Securities on or before 2 March 2011 (the “Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 7 March 2011 shall be deferred pending the decision on the Company’s appeal.

With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (“CDS”) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.

Upon the de-listing of the Company, Transmile will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performances. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities. This announcement is dated 23 February 2011.