Reference is made to announcement on 1 December 2011 in compliance with paragraph 4.4 of the GN3 of the ACE LR. The Board of Directors of Equator wishes to announce that the Company has on 22 December 2011 obtained the approval from Bursa Malaysia Securities Berhad ("Bursa Securities") via its letter dated 22 December 2011 for the following:-

i) resignation of TA Securities Holdings Berhad ("TA Securities") as Equator's Sponsor; and

ii) waiver from complying with Rule 4.19(d) of the ACE Market Listing Requirements.

Rule 4.19(d) of the ACE Market Listing Requirement stipulates that, among others, in the event of resignation of Sponsor, the Sponsor must give 3 months' notice in writing to the Sponsored Corporation and state its reasons for resignation in the notice.

The Company has appointed M&A Securities Sdn. Bhd. as the replacement Sponsor in place of TA Securities.

The Company is in the process of evaluating various options to meet its obligations under GN3 and there is no major development since the announcement made on 1 December 2011.

The Company has approximately another four (4) months to submit a regularisation plan to Bursa Malaysia Securities Berhad.

This announcement is dated 3 January 2012.

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