WBL CORPORATION LIMITED (Company Registration No. 191200028Z) (Incorporated in Singapore) PROPOSED VOLUNTARY DELISTING OF WBL CORPORATION LIMITED - CORRIGENDUM TO THE CIRCULAR DATED 14 JANUARY 2014

This corrigendum is an addendum to and should be read in conjunction with the circular dated 14

January 2014 despatched to the Stockholders and Bondholders of WBL Corporation Limited (the "Circular"). All capitalised terms used and not defined herein shall have the same meanings given to them in the Circular, unless otherwise expressly stated or the context otherwise requires.

1. The Board of Directors refers to the following:
(a) the joint announcement on 14 January 2014 made by the Company and the Offeror in relation to the despatch of the Exit Offers Letter, the Acceptance Forms and the Circular to the Stockholders and Bondholders; and
(b) the Circular.
2. The Board of Directors would like to inform the Stockholders and Bondholders that page V-
4a, set out in Annex A hereto, should be inserted after page V-4 and before page V-5 of
Appendix V (Valuation Reports) to the Circular.
3. Other than the above, all other information in the Circular remains unchanged.
4. The Directors of the Company (including any who may have delegated detailed supervision of this announcement (this "Announcement")) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this Announcement (other than those relating to the Offeror) are fair and accurate and that no material facts have been omitted from this Announcement, the omission of which would make any statement in this Announcement misleading.
Where any information in this Announcement has been extracted or reproduced from published or otherwise publicly available sources or obtained from the Offeror, the sole responsibility of the Directors of the Company has been to ensure, through reasonable enquiries, that such information is accurately and correctly extracted from such sources or, as the case may be, accurately reflected or reproduced in this Announcement. The Directors of the Company jointly and severally accept responsibility accordingly.
By Order of the Board
Tan Swee Hong
Company Secretary
WBL Corporation Limited
14 January 2014

ANNEXA

No. 5 and 7, Jalan Dua

Off Jalan Sungai Besi

55200 Kuala Lumpur

Date ofValuation: 11'" November 2013

EXECUTIVE SUMMARY

Terms of Reference

(Cont'd)

"Knight WFrank


BASIS (Il): "REDEVELOPMENT" BASIS; ON THE ASSUMPTION THAT THE SUBJECT PROPERTY 15 A PARCEL OF VACANT DEVELOPMENT LAND WlTH COMMERCIAL U5E POTENTIAL.

IF ANY PARTY WISHE5 TO RELY ON THE VALUATION BASED ON THE A5SUMPTION(5) 5TATED ABOVE, THEN APPROPRIATE PROFES510NAL ADVICE 5HOULD BE SOUGHT SINCE THE VALUE REPORTED IS BASED ON AS5UMPTION(S)

THAT IS NOT YET OR FULLY REALI5ED.

Opinion of Values Basis (1): "AS 15" BASI5, I.E EXISTING USE; AN INDU5TRIAL LAND ACCOMMODATING AN INDUSTRIAL PREMISE COMPRISING AN INDUSTRIAL PREMISE COMPRISING A 51NGLE-STOREY WORK5HOP l SERVICE CENTRE WITH AN ANNEXED 51NGLE­ STOREY SHOWROOM, A NEW SHOWROOM ANO A 51NGLE-STOREY DETACHED WORKSHOP TOGETHER WITH OTHER ANCILLARY BUILDINGS.

Market Value RMSO,OOO,OOO (Ringgit Malaysia

Fifty Million Only).

BASIS (Il): "REDEVELOPMENT" BASIS; ON THE A55UMPTION THAT THE SUBJECT PROPERTY 15 A PARCEL OF VACANT DEVELOPMENT LAND WITH COMMERCIAL USE POTENTIAL.

Market Value RM62,000,000 (Ringgit Malaysia

Sixty Two Million Only).

Note:-

For ali intents and purposes, the Executive Summary should be read in conjunction with the entire report herein.

CTM:TH/KMY

Reference No; V/1310581/kmy

V-4a

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