1. INTRODUCTION

Pursuant to Paragraph 9.19(20) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Cahya Mata Sarawak Berhad (“CMSB” or “the Company”) wishes to announce that its wholly-owned subsidiary, CMS Works Sdn Bhd (“CMS Works”) will place CMS Works International (China) Limited, a wholly-owned subsidiary of CMS Works, under Member’s Voluntary Winding-up.


2. INFORMATION ON CMS WORKS INTERNATIONAL (CHINA) LIMITED (“CWIL”)

CWIL was incorporated in the Federal Territory of Labuan on 8 September 2006 under the Offshore Companies Act, 1990 and has an authorised share capital of USD10,000 comprising of 10,000 shares of USD1.00 each of which 1 share is issued and fully paid-up.

CWIL is currently dormant and there are no future plans to activate this company.


3. APPOINTMENT OF LIQUIDATOR

Mr Tan Chin Fah of Moore Stephens HT, 1st Floor, U0510, Lazenda Commercial Centre, Phase II, Jalan Tun Mustapha, 87000 Federal Territory of Labuan has been appointed as liquidator of CWIL on 25 November 2009.


4. APPROVALS REQUIRED

Approval from shareholder of the Company is required for the aforesaid voluntary winding-up.


5. FINANCIAL EFFECTS ON WINDING-UP

The voluntary winding-up of CWIL will not have any effect on the net assets and earnings per share of the CMSB’s Group for the financial year ending 31 December 2009.


6. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTERESTS

None of the Directors, major shareholders of CMSB and/or persons connected to them has any interest, direct or indirect, in the above voluntary winding-up of CWIL.


This announcement is dated 25 November 2009.