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MASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”) – Reply to query in relation to:- Proposed disposal by Masterskill (M) Sdn Bhd (“MS”), the wholly owned subsidiary of MEGB of its operating property assets in Cheras, Kota Kinabalu, Kuching and Pasir Gudang (“Properties 1”) to Siva Kumar A/L M. Jeyapalan or his nominated company for a sale consideration of approximately RM75 million subject to independent valuation (“Proposed Disposal 1”) to be paid in cash; Proposed disposal by MS its non operating assets in Petaling Jaya, Kota Kinabalu and Kota Bharu (“Properties 2”) (“Proposed Disposal 2”) to be settled in cash; and Proposed employees’ share option scheme to employees and Executive Directors of up to 10% of the paid up capital (“Proposed ESOS”).

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