HOLDING STATEMENT

PETALING JAYA, Feb 23 (Bernama) -- MJets Sersol Sdn. Bhd. would like to clarify that M Jets International Sdn. Bhd., which is reported by the media to be under investigation by the Malaysian Anti-Corruption Commission (MACC), is not the same entity. MJets Sersol Sdn. Bhd. also does not have any links to the said company or its holding company, MMAG Holdings Bhd.

It has been brought to our attention that a company which bears similar name to MJets Sersol Sdn Bhd has been reported to be under investigation by the Malaysian Anti-Corruption Commission (MACC).

We would like to clarify that the said company, M Jets International Sdn. Bhd., which is involved in air cargo logistics, is NOT the same entity as MJets Sersol Sdn. Bhd.

MJets Sersol Sdn Bhd is a joint venture between Sersol Bhd and MJets Limited (Thailand), to engage and operate a Fixed Based Operator (FBO) terminal for aviation-related business in Malaysia.

Thus, we would like to emphasize that MJets Sersol Sdn. Bhd. is not in any way associated to the said company, its directors or its holding company, MMAG Holdings Bhd. It is also NOT under any investigations by the MACC or local authorities.

We hope this statement would clear the misconception toward MJets Sersol Sdn. Bhd. For any inquiries, kindly email Jessie at jessie@twentyeightdegrees.com.my.

Thank you.

Datuk Wira Justin Lim

Chief Executive Officer

MJets Sersol Sdn Bhd

Issued by Twenty-Eight Degrees Sdn Bhd on behalf of Just Capella Sdn Bhd.

SOURCE: Twenty Eight Degrees Sdn Bhd

FOR MORE INFORMATION, PLEASE CONTACT:

Twenty Eight Degrees Sdn Bhd

Name: Jessie Ooi

Tel: +6019 566 8448

Email: jessie@twentyeightdegrees.com.my

--BERNAMA