Jan 4, 2011 B.I.G INDUSTRIES BERHAD (“BIG” OR THE “COMPANY”) (I) PROPOSED CAPITAL REDUCTION; (II) PROPOSED RIGHTS ISSUE; AND (III) PROPOSED AMENDMENTS. (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Jan 4, 2011

B.I.G INDUSTRIES BERHAD (“BIG” OR THE “COMPANY”) (I) PROPOSED CAPITAL REDUCTION; (II) PROPOSED RIGHTS ISSUE; AND (III) PROPOSED AMENDMENTS. (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

General Announcement

Reference No OS-110104-44184

Submitting Merchant Bank	:	PM SECURITIES SDN BHD
Company Name	:	B.I.G. INDUSTRIES BERHAD
Stock Name	:	BIG
Date Announced	:	04/01/2011

Type

Announcement

Subject

B.I.G INDUSTRIES BERHAD (“BIG” OR THE “COMPANY”)

(I) PROPOSED CAPITAL REDUCTION;
(II) PROPOSED RIGHTS ISSUE; AND
(III) PROPOSED AMENDMENTS.

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Contents

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 8 December 2010 in relation to the Proposals.

We refer to the announcements dated 8 December 2010 and 13 December 2010 in relation to the above.

On behalf of BIG, PM Securities wishes to announce that the Controller of Foreign Exchange (via Bank Negara Malaysia) has vide a letter dated 30 December 2010 which was received today, approved the issuance of the Warrants to non-resident shareholders of BIG pursuant to the Proposed Rights Issue.

This announcement is dated 4 January 2011.