The Board of Directors of MEASAT Global Berhad (“MEASAT” or “Company”) ("Board") hereby announces that the Company has received Notice of Take-Over Offer (“Offer”) from CIMB Investment Bank Berhad and Maybank Investment Bank Berhad on behalf of MEASAT Global Network Systems Sdn Bhd (“MGNS” or “Offeror”) to acquire all the ordinary shares of RM0.78 each in MEASAT not already held by MGNS (“Offer Shares”) for a cash offer price of RM4.20 per Offer Share (“Notice”).

The Board has deliberated on the Notice and does not intend to seek an alternative person to make a take-over offer for the Offer Shares.

In accordance with the Malaysian Code on Take-overs and Mergers 1998 (“Code”), the Board has appointed AmInvestment Bank Berhad (“AmInvestment Bank”) as the Independent Adviser to advise the Independent Directors and holders of the Offer Shares on the reasonableness of the Offer. AmInvestment Bank’s appointment as the Independent Adviser is subject to the approval of the Securities Commission. The Independent Directors will inform holders of the Offer Shares of their recommendation on the Offer within ten (10) days from the posting of the offer document.