PROCEEDINGS FORTHE = ~/ 19™ ANNUAL GENERAL MEETING OF THE COMPANY TO BE HELD ON THURSDAY, 5 JUNE 2014 AT 10.00 A.M. AT IDEAL CONVENTION CENTRE OPENING Chairman: Good Morning, Ladies and Gentlemen, welcome to the 19" Annual General Meeting of Magna Prima Berhad. Before we proceed, | would like the Company Secretary to confirm if a quorum is present. QUORUM Secretary: Yes, Tan Sri Chairman, there is a quorum present, pursuant to Article 64 of the Company’s Articles & Association. The Meeting can be called to order. Chairman: I hereby declare the Meeting duly convened. PROXIES Chairman: Company Secretary, can you please report on the number of Proxy Forms received and the number of shares represented by their proxies. Secretary: | would like to advise that in the presence of Auditor a total of — Proxy forms have been received and <3 forms have been validated. The total number of voting shares covered by the proxies is shares. 282 752-24 -PageChairman: Chairman: Secretary: Chairman: Chairman: VOTE BY POLL NOTICE OF MEETING Since the Notice convening the meeting has been circulated within the prescribed period; | would like to propose that the notice convening the meeting be taken as read. (The Chairman pauses and deems the members present agree) We shall now proceed with the business at hand. All items on the agenda shall be voted by poll. Secretary, please ensure that all eligible to vote have received their voting forms. The share registrars are to verify the number of shares stated by voters. Auditors, please stand by to verify the votes. As the voting and verification may take some time, | would like to complete discussion on all matters on the agenda before we proceed with the polling. All results shall be announced after verification by the scrutineers. Tan Sri Chairman, the voting slips were handed to all shareholders and proxy holders upon their registration at the entrance. May | remind those who are holding shares in their personal capacity and have also been appointed as proxies to state the number of shares respectively in the appropriate column, Eight individual voting slips have been given to you covering separate matters. On completion of your votes, please drop them in the ballot boxes. ITEM 1 ON THE AGENDA TO RECEIVE AND ADOPT THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 AND THE REPORTS OF THE DIRECTORS AND AUDITORS THEREON The first item on the Agenda is to receive the audited financial statements for the year ended 31 December 2013 and the Reports of the Directors and Auditors thereon. The financial statements and reports have been forwarded to you earlier. Can | have a proposer to move a motion that the audited financial statements for the year ended 31 December 2013 and the Reports of the Directors and Auditors be received? -Page 2-Nazri: Chairman: Haswan: Chairman: Chairman: Chairman: Vikram: Chairman: Jenny Tan: Chairman: Chairman: VOTE BY POLL |, Nazri wish to propose. Thank you, Can | have a seconder to the motion? |, Haswan second the motion. Thank you. | and my fellow board members shall be pleased to address any queries on the financial statements. (Question & Answer session) Voting on this agenda will be done in due course. We shall now move on to the next item on the agenda. ITEM 2 ON THE AGENDA TO DECLARE A FINAL SINGLE TIER EXEMPT DIVIDEND OF 1.0 SEN PER SHARE We now proceed to the next Agenda to declare a final single tier exempt dividend of 1.0 sen per share.” Can I have a proposer to declare a final single tier exempt dividend of 1.0 sen per share? |, Vikram wish to propose. . Thank you. Can someone second? |, Jenny Tan wish to second. Thank you. Voting on this agenda will be done in due course. We shall now move on to the next item on the agenda. ~Poge 3-Chairman: Vikram: Chairman: Haswan: Chairman: VOTE BY POLL ITEM 3 ON THE AGENDA TO RE-ELECT THE FOLLOWING DIRECTOR WHO RETIRE IN ACCORDANCE WITH ARTICLE 100 OF THE COMPANY’S ARTICLES OF ASSOCIATION: - ONG AH LENG The next item on the Agenda is to re-elect the retiring Director. Mr. Ong Ah Leng will be retiring at this Annual General Meeting in accordance with Article 100 of the Company's Articles of Association. We shall vote on this agenda in due course. | will now ask for a proposer and seconder to the resolution for re-election of Mr. Ong Ah Leng as a Director of the Company. |, Vikram wish to propose. Can I have a seconder, please? |, Haswan wish to second. Voting on this agenda will be done in due course. We shall now move on to the next item on the agenda. ~Page 4-Chairman: Jenny: Chairman: Nazri: Chairman: Chairman: Secretary: Chairman: Jenny Tan: Chairman: Haswan: VOTE BY POLL ITEM 4 ON THE AGENDA TO APPROVE THE PAYMENT OF DIRECTORS’ FEES IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 Can | have a proposer to move the motion to approve payment of Directors’ fees for the year ended 31 December 2013? The total sum is RM162,000 J; Jenny, wish to propose. Can | have a seconder, please? |, Nazri, wish to second./ Does anybody need any clarification on this matter? (If none, Chairman to proceed). ITEM 5 ON THE AGENDA TO RE-APPOINT THE AUDITORS OF THE COMPANY AND TO AUTHORISE THE BOARD OF DIRECTORS TO FIX THEIR REMUNERATION The next item on the Agenda is to re-appoint Auditors of the Company and to authorise the Directors to fix their remuneration. Messrs Morison Anuarul Azizan Chew has offered to be re-appointed as auditors. Secretary, did we receive other nominations as Auditors? None, Tan Sri Chairman. Can | have a proposer to move the motion to appoint Messrs Morison Anuarul Azizan Chew as Auditors of the Company for the financial year ending 31 December 2014 and to authorise the Board of Directors to fix their remuneration. 1, Jenny Tan, wish to propose. Can | have a seconder, please? 1, Haswan, wish to second. = Page §-Chairman: Chairman: GMD: Vikram: GMD: Haswan: GMD: GMD: Chairman: VOTE BY POLL Voting on this agenda will be done in due course. We shall now move on to the next item on the agenda. ITEM 6 ON THE AGENDA RE-APPOINTMENT OF YBHG TAN SRI DATUK ADZMI _ BIN ABDUL WAHAB AS INDEPENDENT NON-EXECUTIVE DIRECTOR, CHAIRMAN OF THE COMPANY PURSUANT TO SECTION 129(6) OF THE COMPANIES ACT 1965 The next item on the Agenda is to re-appoint director of the Company pursuant to Section 129 (6) of the Companies Act 1965. As | am an interested party, | shall step down and invite YBhg Dato’ Rahadian Mahmud to take the chair. Thank you Tan Sri. The first item of the special business today is to re-appoint YBhg Tan Sri Datuk Adzmi bin Abdul Wahab as Independent Non-Executive Director, Chairman of the company pursuant to Section 129 (6) of the Companies Act 1965. | will now ask for a proposer and seconder to the resolution for re-appointment of YBhg Tan Sri Datuk Adzmi bin Abdul Wahab as Independent Non-Executive Director, Chairman of the Company. |, Vikram, wish to propose. Can | have a seconder, please? |, Haswan wish to second Voting on this agenda will be done in due course. We shall now move on to the next item on the agenda. | now return the chair to you, Tan Sri. Thank you Thank you, Dato’. ~Page éChairman: Nazriz Chairman: Jenny Tan: Chairman: Chairman: Chairman: VOTE BY POLL ITEM 7 ON THE AGENDA PROPOSED RENEWAL OF THE AUTHORITY FOR DIRECTORS TO. ISSUE SHARES This is an ordinary resolution to authorise the directors to issue new shares up to a maximum of 10% of the current issued and paid-up capital of the Company. This authority is to cover any event whereby a capital call to be made at very short notice to issue additional capital for any purpose. This approval will remain valid until the next AGM and the maximum-number of shares allowed to be allotted is only up to 10%/of the issued share capital at the time of consideration. It would be left to the discretion of the Board whether to exercise this authority at all. This matter is pursuant to Section 132D of the Companies Act, 1965 and subject to approval of the regulatory authorities. Can | now have a proposer and a seconder to the resolution? 1, Nazri, wish to propose. / Can | have a seconder, please? |, Jenny Tan, wish to second. Voting on this agenda will be done in due course. We shall now move on to the next item on the agenda. t THE AGENDA PROPOSED RENEWAL OF SHARE BUY-BACK The next Agenda is to propose renewal of share buy-back. The full resolution is stated in item 8 of the Agenda. The Share Buy-Back Statement contained in the Annual Report appears on pages 89 to 95. Any enquiries on the subject? = Page 7Chairman: Vikrat Chairman: Haswan: Chairman: Chairman: Chairman: VOTE BY POLL Can | have a proposer to move a motion? |, Vikram, wish to propose. Can | have a seconder, please? |, Haswan, wish to second. Ladies and gentlemen, we have come to the end of the agenda for today’s Meeting. You may now cast your votes on all matters discussed earlier and drop your ballot papers in the boxes provided. While waiting for verification of the votes, we shall adjourn for refreshments at the foyer. Once the results are ready, we shall invite everybody back to the hall. Thank you. (All proceed for refreshments) (at the appropriate time, all members are called back to the hall) | am pleased to inform | have received the results of the poll from the auditors. They are as follows. (Chairman reads from the result sheets). Bed 294 2d fo vow L 2s ahah Ladies and gentlemen, we have come to the end of the agenda for today’s Meeting. vero nad On behalf of my fellow Directors, | would like to thank all present for your kind attendance and support. | now declare the Meeting closed. Thank you. - Page