NEW IPO: Felda Global Ventures

Financial Statement:

Dividend Policy:

On 31 May 2012, the prospectus for Felda Global Ventures Holdings Berhad (“FGV”) was launched in conjunction with its initial public offering (“IPO”) and listing on the Main Market of Bursa Malaysia Securities Berhad.

A copy of the electronic prospectus may be obtained at http://www.bursamalaysia.com/website/bm/listed_companies/company_announcements/ipos/index.jsp.

Please note that the prospectus is only for distribution in Malaysia and the invitation to apply for FGV’s IPO is only for clients who are in Malaysia and subject to the conditions stated in the prospectus. No action has been taken to permit a public offering outside of Malaysia in connection with the IPO and hence offering in other jurisdictions may be restricted or prohibited.

The closing date for this IPO is on 12 June 2012 at 5.00pm or such further period or periods as the Directors of Felda Global Ventures Holdings Berhad and the Offerors, together with the Sole Underwriter, in the absolute discretion may mutually decide.

Please refer to the prospectus issued for FGV’s IPO for more information.

IPO Details:

INITIAL PUBLIC OFFERING (“IPO”) OF UP TO 2,188,890,900 ORDINARY SHARES OF RM1.00 EACH IN FELDA GLOBAL VENTURES HOLDINGS BERHAD (“FGVH”) (“IPO SHARES”) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 3,648,151,500 ORDINARY SHARES OF RM1.00 EACH IN FGVH (“SHARES”) ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING AN OFFER FOR SALE OF UP TO 1,208,890,900 EXISTING SHARES (“OFFER SHARES”) AND A PUBLIC ISSUE OF 980,000,000 NEW SHARES (“ISSUE SHARES”) COMPRISING:

(I) INSTITUTIONAL OFFERING OF UP TO 1,915,279,900 SHARES COMPRISING:

• UP TO 1,208,890,900 OFFER SHARES AND 286,852,000 ISSUE SHARES TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (“INSTITUTIONAL PRICE”); AND

• 419,537,000 ISSUE SHARES TO BUMIPUTERA INSTITUTIONAL AND SELECTED INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE,

(II) RETAIL OFFERING OF 273,611,000 SHARES COMPRISING:

• 200,648,000 ISSUE SHARES MADE AVAILABLE TO THE ELIGIBLE EMPLOYEES (AS DEFINED HEREIN), ELIGIBLE FELDA SETTLERS (AS DEFINED HEREIN) AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF FGVH AND ITS SUBSIDIARIES; AND

• 72,963,000 ISSUE SHARES MADE AVAILABLE TO THE MALAYSIAN PUBLIC,
AT THE RETAIL PRICE OF RM4.55 PER SHARE (“RETAIL PRICE”), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE, IN THE EVENT THAT THE FINAL RETAIL PRICE (AS DEFINED HEREIN) IS LESS THAN THE RETAIL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND OVER-ALLOTMENT OPTION (AS DEFINED HEREIN).

THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF:
(I) THE RETAIL PRICE; AND
(II) 98% OF THE INSTITUTIONAL PRICE,
SUBJECT TO ROUNDING TO THE NEAREST SEN.

IPO NEWS:
http://www.btimes.com.my/Current_News/BTIMES/articles/20120601011606/Article/index_html
http://www.bernama.com/bernama/v6/newsbusiness.php?id=670018
http://biz.thestar.com.my/news/story.asp?file=/2012/5/31/business/20120531094033&sec=business
http://www.theedgemalaysia.com/business-news/214639-felda-global-ventures-ipo-to-raise-rm105-billion.html

Felda Global Ventures IPO: 4.55MYR
No of Shares: 3,648,151,500

FY11 Revenue 7,474,846,000MYR vs FY10 5,804,601,000MYR
FY11 Profit 942,182,000MYR vs FY10 932,011,000MYR
...
1Q12 Revenue 1,719,997,000MYR vs 1Q11 1,688,481,000MYR
1Q12 Profit 192,165,000MYR vs 1Q11 359,048,000MYR (-46.48%)

Dividend Policy: min 50% of Net Profit
Based on latest four quarters profit: 775,299,000MYR, EPS: 0.2125MYR
Dividend/share: 0.106MYR++ Dividend Yield: 2.3%++
PE: 21.41x

Amounts due from related companies: 4,270,000MYR
Cash and cash equivalents: 5,662,439,000MYR

Amounts due to ultimate holding body: 244,982,000MYR + 1,835,000,000MYR
Amounts due to Associates: 21,000MYR
Amounts due to other related companies: 217,699,000MYR
Amounts due to Jointly-Controlled Entity: 35,091,000MYR
Borrowings: 501,974,000MYR + 40,518,000MYR