Metrojaya Was Incorporated in Malaysia On December 31

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Metrojaya was incorporated in Malaysia on December 31, 1974 under the name of Metrotex

Sendirian Berhad. The company changed its name to Metroraya Sendirian Berhad on May 25th,
1975 and subsequently to Metrojaya Sendirian Berhad on February 10, 1976. On June 28, 1990,
the company was converted to a public company and became Metrojaya Berhad. The company
was then admitted to the Official List of the Main Board of the Kuala Lumpur Stock Exchange
on January 9, 1991 until its shares were delisted and removed from the Official List of Bursa
Securities with effect from 9:00 a.m., Friday, 31 March 2006. Metrojaya Berhad has an
Authorised Share Capital of RM300,000,000 ordinary shares of RM1.00 each and an Issued and
Paid up Capital of RM126,000,000 ordinary shares of RM1.00 each.

Metrojaya commenced business operations in September 1976 with the opening of its pilot
Department Store with an area of 18,350 sq ft at the Pertama Complex, Jalan Tunku Abdul
Rahman in Kuala Lumpur. Since the opening of this first store, the Metrojaya chain has grown
from strength to strength with a present total number of seven department stores covering a total
floorspace of approximately one million sq ft. It is a leading Department Store operator in
Malaysia, offering a wide range of fashion lifestyle apparel and merchandise to an ever widening
base of loyal and valued customers.

The company has successfully ventured into the specialty stores sector with the debut of "Toys
'R' Us" in October 1987, "East India Company" in November 1989, "Reject Shop" in July 1990,
"Living Quarters" in August 1994, "Somerset Bay" in August 1994, "Cape Cod" in 2005 and
conducted the operations of the La Senza Girl franchise from January 2002 through to 2005 and
Laura Ashley in November 2007. The company has also ventured into the hypermarket sector
through the Cosmart hypermarket in Bukit Jambul, Penang which opened in 1997, and into the
Fashion Concept Store sector through the first MJ by Metrojaya store opened at The Curve
Mutiara Damansara in May 2006 and Gurney Plaza in 2008. As at today, the Metrojaya specialty
store network comprises over a chain of 8 department store and over 100 specialty store
nationwide.

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