General Announcement::Unaudited Second Quarter Results for the period ended 31 December 2015 and Interim Dividend

Issuer & Securities

Issuer/ Manager
IOI INVESTMENT (L) BERHAD
Securities
IOI INVES US$600M4.375%N220627 - XS0792911298 - 2EJB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
09-May-2016 17:04:09
Status
New
Announcement Sub Title
Unaudited Second Quarter Results for the period ended 31 December 2015 and Interim Dividend
Announcement Reference
SG160509OTHRSM1B
Submitted By (Co./ Ind. Name)
IOI Corporation Berhad
Designation
Parent Company
Description (Please provide a detailed description of the event in the box below)
Reference is made to the announcement dated 29 March 2016 in relation to the suspension of IOI Corporation Berhad (the Holding Company of IOI Investment (L) Berhad) ("IOI")'s RSPO certifications ("Announcement"). Unless otherwise stated, the definitions used in this announcement are the same as those used previously in the Announcement.

IOI would like to update that it has filed a challenge proceeding with the Justice of Peace ("JP") in Zurich, Switzerland against the suspension decision made by the RSPO Board of Governors against IOI. Under Swiss Law, an action to challenge the decision of an association must be filed within one month after the decision was made. A conciliatory hearing will be held before the JP, who will mediate between both parties. Only if the parties are unable to reach agreement during the conciliation proceedings, will the JP grant IOI authorisation to proceed with a formal legal action against RSPO, to be filed at the District Court in Zurich.

IOI wishes to clarify that the challenge proceeding is a separate matter from IOI's ongoing implementation of the concrete actions as required by RSPO. IOI remains committed to its membership in, and the sustainability principles of, RSPO.

This announcement is dated 9 May 2016.