Dec 14, 2011 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS General Announcement Reference No BI-111213-58106 Company Name : B.I.G. INDUSTRIES BERHAD Stock Name : BIG Date Announced : 14/12/2011 Type : Reply to query Reply to Bursa Malaysia’s Query Letter – Reference ID : IJ-111212-44138 Subject : TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description : PROPOSED DISPOSAL OF PROPERTY BY ALPHA BILLION SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY Query Letter content : We refer to the Company’s announcement dated 9 December 2011, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Malaysia Securities Berhad (“Bursa Securities”) with the following additional information for public release:- The identity of the directors and major shareholders of the Purchaser together with their respective shareholdings; The name of the Independent Registered Valuer, the date and method of valuation and quantification of the market value; The approximate area and age of the building erected on the land; The details of the Company’s financial obligations that will be financed via the proceeds from the Proposed Disposal as well as the timeframe for full utilisation. If it is to be used for repayment of borrowings, to quantify the effects on the Group’s gearing; The rationale for disposing the property at a loss; and Quantification of the loss per share arising from the Proposed Disposal. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully IRWAN JOHARI Senior Manager, Issuers Listing Division Regulation /TEK copy to:- General Manager & Head, Market Surveillance, Securities Commission (via fax) Announcement Details/Table Section : The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 9 December 2011 in relation to the Proposed Disposal. We refer to the letter from Bursa Malaysia Securities Berhad of 12 December 2011 on the Proposed Disposal. The Company furnish the following additional information:- 1. The directors and major shareholder of SEA Engineering are as follows:- Directors Ch’ng Wee Lan (“CWL”) Ch’ng Ping Lan (“CPL”) Shareholder and Shareholdings Gransri Trading Sdn Bhd (“GTSB”) – 100% (GTSB is wholly-owned by CWL and CPL) 2. Name of Independent Registered Valuer : First Pacific Valuers Property Consultants Sdn Bhd Date of valuation : 21 September 2011 Method of valuation : Comparison method of valuation Market value : RM3,630,000.00 (excluding the building) 3. The approximate total floor area and age of the building erected on the land is 6,362 square metres (68,480 square feet) and 5 ¾ years respectively. 4. The proceeds from the Proposed Disposal will be utilised to part repay an unsecured term loan of RM33.5 million within three months from the date of the S&P Agreement. The proceeds arising from the Proposed Disposal will lower the Group’s gearing by 7.80%. 5. The rationale for the Proposed Disposal even though it is at a loss is to enable the Group to unlock its idle and non-productive investment and the proceeds could be utilised for repayment of its financial obligations; hence reducing its interest expense and improving its gearing ratio. 6. The loss per share arising from the Proposed Disposal is RM0.03. This announcement is dated 14 December 2011.