RHM.L Regulatory News (RHM)

9 December 2015

Resource Holding Management Limited

("RHM" or the "Company")

Update Regarding PUCF Rights Issue

Further to the announcements made by the Company dated 6 November 2015, 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 (collectively the "Proposed PUCF Rights Issue"), the Board of RHM (AIM:RHM) notes the announcement made today by Public Investment Bank Berhad on behalf of 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 states that the Securities Commission of Malaysia has approved the proposed issuance of the ICULS pursuant to the Proposed PUCF Rights Issue.

The Proposed PUCF Rights Issue still remains subject to, inter alia, approval by shareholders of PUCF and PUCF intends to call an extraordinary general meeting of PUCF shareholders ("EGM") to seek such approval. The Proposed PUCF Rights Issue will also require the publication of an abridged prospectus in Malaysia post EGM. It is currently estimated that the timeframe for the completion of the transaction will be Q1 2016.

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

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