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IRIS CORPORATION BERHAD ("ICB" OR "THE COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 394,098,381 NEW ORDINARY SHARES OF RM0.15 EACH IN ICB ("PROPOSED PRIVATE PLACEMENT")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Proposed Private Placement.

Reference is made to the announcements dated 2 August 2013, 7 August 2013, 13 August 2013 and 2 September 2013 in relation to the Proposed Private Placement.

On behalf of the Board of Directors of ICB, MIDF Amanah Investment Bank Berhad ("MIDF Investment") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 13 September 2013, approved the listing and quotation of up to 394,098,381 new ordinary shares of RM0.15 each in ICB to be issued pursuant to the Proposed Private Placement subject to the following conditions:

(1)ICB and MIDF Investment must fully comply with the relevant provisions under the Bursa Securities ACE Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;

(2)ICB and MIDF Investment to inform Bursa Securities upon the completion of the Proposed Private Placement; and

(3)ICB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Private Placement is completed.

This announcement is dated 13 September 2013.