We refer to the Company's announcements dated 27 January 2011, 8 February 2011, 10 February 2011, 14 February 2011, 3 March 2011, 8 March 2011, 22 April 2011, 27 April 2011, 24 May 2011, 26 May 2011, 28 July 2011, 29 July 2011, 1 August 2011 and 3 August 2011 in respect of the Proposed Private Placement.

Kenanga Investment Bank Berhad ("KIBB"), on behalf of the Board of Directors of asiaEP ("Board"), is pleased to announce that the Board has fixed the issue price for the placement of 10,000,000 new ordinary shares of RM0.10 each in asiaEP ("asiaEP Shares") ("Placement Shares") to be issued pursuant to the Proposed Private Placement at an issue price of RM0.10 per Placement Share ("Issue Price").

The Issue Price represents the par value of asiaEP Shares as the five (5)-market day volume weighted average market price of asiaEP Shares from 2 September 2011 to 8 September 2011 is RM0.05.

This announcement is dated 9 September 2011.