Announcement – Favelle Favco Berhad (“Ffb” or “Company”) Proposed Acquisition by Ffb of a Crane Fabrication Yard Comprising Freehold Industrial Land, Buildings and Improvements, Located at No. 28 Yarrunga Street, Prestons, New South Wales, 2170 Australia With a Total Land Area Measuring Approximately 11.6 Acres From Muhibbah Engineering (M) Bhd for a Total Purchase Consideration of Aud15,000,000 (Equivalent to Rm48,091,500), to Be Satisfied via the Issuance of 31,678,743 New Ordinary Shares of Rm0.50 Each in Ffb (“Proposed Acquisition”)

June 25, 2012

Company Name	:	FAVELLE FAVCO BERHAD
Stock Name	:	FAVCO
Date Announced	:	25 Jun 2012
Category	:	General Announcement
Reference Number	:	MI-120625-65260

FAVELLE FAVCO BERHAD

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	FAVELLE FAVCO BERHAD (“FFB”) PROPOSED ACQUISITION BY FFB OF A CRANE FABRICATION YARD COMPRISING FREEHOLD INDUSTRIAL LAND, BUILDINGS AND IMPROVEMENTS, LOCATED AT NO. 28 YARRUNGA STREET, PRESTONS, NEW SOUTH WALES, 2170 AUSTRALIA WITH A TOTAL LAND AREA MEASURING APPROXIMATELY 11.6 ACRES FROM MUHIBBAH ENGINEERING (M) BHD FOR A TOTAL PURCHASE CONSIDERATION OF AUD15,000,000 (EQUIVALENT TO RM48,091,500), TO BE SATISFIED VIA THE ISSUANCE OF 31,678,743 NEW ORDINARY SHARES OF RM0.50 EACH IN FFB (“PROPOSED ACQUISITION”)

Announcement Details/Table Section :

On behalf of the Board of Directors of FFB, Maybank Investment Bank Berhad is pleased to announce that the Company is proposing to undertake the Proposed Acquisition.

Please refer to the full announcement enclosed herewith for further details.

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This Announcement is dated 25 June 2012.