PRACTICE NOTE 17 / GUIDANCE NOTE 3: MONTHLY ANNOUNCEMENT

ASIAEP RESOURCES BERHAD


Regularisation SponsorKAF Investment Bank Berhad
SponsorSame as above
TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionMonthly Update on the status of the Company's plan to comply with the obligation to regularise its condition pursuant to Guidance Note 3 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("GN3")


We refer to the announcements made by the Company on 17 May 2012, 1 June 2012, 2 July 2012, 1 August 2012, 3 September 2012, 1 October 2012, 2 October 2012 and 1 November 2012.

On behalf of the Board of Directors of ASIAEP, KAF Investment Bank Berhad wishes to announce that the Company is still in the midst of evaluating various options in its endeavour to formulate a regularisation plan to meet its obligations pursuant to GN3 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Regularisation Plan") and that there are no major developments subsequent to the announcement on 1 November 2012.

The Company has until 16 May 2013 for submission of the Regularisation Plan to the relevant authorities for approval, which is approximately five (5) months from the date of this announcement.

This announcement is dated 3 December 2012.