LISTING'S CIRCULAR NO. L/Q : 64314 OF 2012

RENOUNCEABLE RIGHTS ISSUE OF UP TO RM19,393,488 NOMINAL VALUE OF ZERO COUPON, 10-YEAR, IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS (“ICULS”) (“RIGHTS ICULS”) AT 100% OF THE NOMINAL VALUE OF RM0.10 EACH TOGETHER WITH UP TO 9,696,744 FREE WARRANTS ON THE BASIS OF RM6.00 NOMINAL VALUE OF RIGHTS ICULS TOGETHER WITH THREE (3) FREE WARRANTS FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD AT 5.00 P.M. ON 16 APRIL 2012, BASED ON A MINIMUM SUBSCRIPTION LEVEL OF RM2,000,000 NOMINAL VALUE OF RIGHTS ICULS TOGETHER WITH 1,000,000 FREE WARRANTS (“RIGHTS ISSUE OF ICULS WITH WARRANTS”).

• Kindly be advised of the following :
  
  1) The Rights commence of trading : [ 17 April 2012 ]
  
  2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer :
  [ 18 April 2012 ]
  
  3) The last day and time for Acceptance, Renunciation and Payment :
  [ 2 May 2012 @ 5:00pm ]
  
  4) The Rights cease quotation : [ 24 April 2012 ]
  
  The Stock Short Name, Number and ISIN Code [ SMPC-LR,7099LR and MYL7099LR003 ] respectively.
  
  Remarks :- The ICULS and the Warrants are new classes of securities and will be listed and quoted separately.

The ICULS shall constitute direct, unsecured and unconditional obligation of SMPC Corporation Bhd. (“SMPC”) ranking pari passu amongst themselves and with all other subordinated and unsecured obligations of SMPC, subject only to those preferred by mandatory provisions of law.

The new ordinary shares of RM1.00 each in SMPC (“SMPC Shares”) arising from the full conversion of the ICULS and/or from the full exercise of the free Warrants issued pursuant to the Rights Issue of ICULS with Warrants shall, upon allotment and issuance, rank pari passu in all respects with the then existing issued ordinary shares of SMPC, except that they shall not be entitled to any dividends, rights, allotments and/or other distributions which may be declared, made or paid prior to the date of allotment and issuance of the new SMPC Shares.