NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : COMBINATION OF NEW ISSUE OF SECURITIES EVERGREEN FIBREBOARD BERHAD (EFB) I. PROPOSED PRIVATE PLACEMENT II. PROPOSED BONUS ISSUE

We refer to the announcements dated 20 November 2015 and 23 November 2015 in relation to the Proposals ("Announcements"). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcements.

On behalf of EFB, CIMB Investment Bank Berhad ("CIMB") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has, via its letter dated 25 November 2015, approved the listing and quotation for up to 51,297,800 EFB Shares to be issued pursuant to the Proposed Private Placement ("Placement Shares").

The approval of Bursa Securities is subject to the following conditions:

1. EFB and CIMB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Private Placement;

2. EFB and CIMB to inform Bursa Securities upon the completion of the Proposed Private Placement; and

3. EFB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Private Placement is completed.

In this regard, a total of 51,290,000 Placement Shares, representing approximately 10% of the existing issued and paid-up capital of EFB (excluding treasury shares), are expected to be placed to identified placees, including institutional and high-net-worth investors falling under Schedule 7 of the Capital Markets and Services Act 2007. Based on the issue price of RM2.05 per Placement Shares and the offering of 51,290,000 Placement Shares, the Proposed Private Placement is expected to raise gross proceeds of approximately RM105.14 million.

This announcement is dated 25 November 2015.

This announcement does not constitute or form part of any offer or invitation by on or behalf of EFB for sale or subscription of or solicitation or invitation of any offer to or recommendation to buy or subscribe for any securities ("Securities"), nor shall it or any part of it form the basis of or be relied on in connection with any contract, commitment or investment decision in relation to the Securities of EFB in any jurisdiction. EFB's shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act"), or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.