MASTERSKILL EDUCATION GROUP BERHAD (“MEGB†OR “THE COMPANYâ€) – Reply to query in relation to:- Proposed disposal by Masterskill (M) Sdn Bhd (“MSâ€), the wholly owned subsidiary of MEGB of its operating property assets in Cheras, Kota Kinabalu, Kuching and Pasir Gudang (“Properties 1â€) 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 1â€) to be paid in cash; Proposed disposal by MS its non operating assets in Petaling Jaya, Kota Kinabalu and Kota Bharu (“Properties 2â€) (“Proposed Disposal 2â€) 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”).