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16 February 2016

Acquisition of an unquoted company

The Board of Directors of SEG International Bhd is pleased to announce that its wholly owned subsidiary company, SEG International Group Sdn Bhd, had on 15 February 2016, acquired one (1) ordinary share in Karden Limited, a company incorporated in Hong Kong, representing the entire issued and paid up capital of the company, to recruit and provide related and other services to international students, for cash consideration of HKD1.00 (“the Acquisition”).

The Acquisition will be funded through internally generated funds and it will not have any immediate material impact on the earnings, net assets and gearing of the Group for the financial year ending 31 December 2016. The Acquisition is not subject to any approval.

None of the directors and/or major shareholders and/or persons connected with the directors or major shareholders have any interest, direct or indirect, in the Acquisition.

The Board of Directors is of the opinion that the Acquisition is in the best interest of the Group.

This announcement is dated 16 February 2016.

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