RHM.L Regulatory News (RHM)

6 November 2015

Resource Holding Management Limited

("RHM" or the "Company")

Update Regarding PUCF Rights Issue

Further to the announcements made by the Company dated 28 October 2015, 12 October 2015, 11 September 2015 and 10 August 2015 regarding the proposal by PUCF Founder (MSC) Berhad ("PUCF") to conduct, inter alia, a rights issue of three year 4% irredeemable convertible unsecured loan stock ("ICULS") with warrants ("Warrants-B") (collectively the "Proposed PUCF Rights Issue"), the Board of RHM (AIM:RHM) notes the announcement made today by PUCF.

RHM's wholly-owned subsidiary, RedHot Media International Limited ("RMIL"), currently holds 443,168,402 ordinary shares in PUCF, which represents 41.58% of PUCF's issued share capital, and 36,215,840 warrants to subscribe for new PUCF shares.

Today's announcement by PUCF states that Bursa Malaysia Securities Berhad ("Bursa Securities") has today conditionally approved the future listing and admission to the ACE Market of Bursa Securities (the "ACE Market") of:

· the ICULS;

· the Warrants B; and

· the new PUCF shares that may arise from the conversion of the ICULS or the Warrants B.

Specifically, PUCF's announcement states that Bursa Securities has today approved the following, in respect of the ACE Market:

· the admission of the ICULS to the Official List of the ACE Market and the listing of and quotation for up to 1,678,029,535 ICULS pursuant to the Proposed PUCF Rights Issue;

· the listing of and quotation for up to 1,678,029,535 new PUCF shares to be issued arising from the conversion of the ICULS;

· the admission of the Warrants-B to the Official List of the ACE Market and the listing of and quotation for up to 419,507,384 Warrants-B pursuant to the Proposed PUCF Rights Issue; and

· listing of and quotation for up to 419,507,384 new PUCF shares to be issued arising from the exercise of the Warrants-B.

PUCF's announcement also states that the approval granted by Bursa Securities for the Proposed PUCF Rights Issue is subject to the following conditions:

· PUCF and Public Investment Bank Berhad ("PIVB") must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed PUCF Rights Issue;

· PUCF and PIVB are to inform Bursa Securities upon the completion of the Proposed PUCF Rights Issue;

· PUCF is to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed PUCF Rights Issue is completed; and

· PUCF is to furnish Bursa Securities on a quarterly basis with a summary of the total number of shares listed pursuant to the conversion of the ICULS and the exercise of the Warrants-B, as at the end of each quarter, together with a detailed computation of the listing fees payable.

As previously announced by RHM the PUCF Rights Issue is subject to, inter alia, regulatory approvals in Malaysia, both from Bursa Securities and the Securities Commission, and approval by shareholders of PUCF. The estimated timeframe for PUCF to complete the transaction is Q1 2016.

RHM will make further announcements in respect of the Proposed PUCF Rights Issue as appropriate.

For further information please contact: