RHM.L Regulatory News (RHM)

4 August 2015

Resource Holding Management Limited

("RHM" or the "Company")

Suspension of trading of the Company's shares

The Board of RHM (AIM:RHM) notes the announcement made earlier today by PUC Founder (MSC) Berhad ("PUCF") regarding the intention of PUCF to raise up to RM 127.6 million through a renounceable rights issue to existing shareholders of PUCF (the "Rights Issue"). The Rights Issue is subject to a minimum level of funds required to be raised by PUCF of RM 40 million (the "Minimum Fundraise").

Pursuant to the Minimum Fundraise, RHM's wholly-owned subsidiary, RedHot Media International Limited ("RMIL"), has provided PUCF with a binding irrevocable undertaking to subscribe for RM 40 million (equivalent to approximately GBP 6.6m).

RMIL currently holds 443,168,402 ordinary shares in PUCF, which represents 41.58% of PUCF's issued share capital, as well as 36,215,840 warrants to subscribe for new PUCF shares.

For further information, a copy of PUCF's announcement can be found here:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4819869 

RHM's Company's shares have been suspended from trading on AIM as of 2.00pm today on a precautionary basis, pending further clarification of the potential effects of RHM's prospective participation in the Rights Issue.

RHM will make a further announcement in due course.

For further information please contact: