P.I.E. INDUSTRIAL BERHAD (PIE)

PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE AND PROPOSED NEW SHAREHOLDERS’ MANDATE FOR ADDITIONAL RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (COLLECTIVELY KNOWN AS “PROPOSED SHAREHOLDERS’ MANDATE”)

The Board of Directors of PIE wishes to advise that PIE will be convening an Extraordinary General Meeting (EGM) to seek its members’ approval for the Proposed Shareholders’ Mandate. The Circular in relation to the Proposed Shareholders’ Mandate will be sent to the members in due course.

A further announcement will be made at a later date upon finalization of the date, time and venue of the EGM.

This announcement is dated April 2, 2015.