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1 QUARTERLY ANNOUNCEMENT For the fourth quarter ended 31 December 2011 Summary Despite a weak market, the Group's total vehicle sales improved 18.8% over the preceding quarter Growth in sales was strong in particular from the Perodua and Volkswagen dealerships The financial position of newly acquired Hirotako Holdings Berhad ("HHB") was consolidated as at 31st December The Board proposed a bonus issue of 3 bonus shares for every 10 existing shares. As part of a funds raising exercise, the Board is also proposing a rights issue with warrants. Results Quarter ended Year to date ended 31 Dec 31 Dec Change Change RM mil RM mil % RM mil RM mil % Revenue , , Operating profit for the period (a) as reported (57.9) (18.4) (b) excluding costs incurred on acquisition of HHB of RM6.6mil (5.5) Profit for the period From continuing operations (9.1) (14.5) From discontinued operations 1.6 (100.0) 1.1 (100.0) (a) as reported (13.2) (15.0) (b) excluding costs incurred on acquisition of HHB of RM6.6mil (11.0) Profit attributable to owners of the Company (10.6) (15.0) Sen Sen Sen Sen Basic earnings per share From continuing operations (10.7) (15.4) From discontinued operation #DIV/0! (0.2) (100.0) Performance of sales by operations As at As at 31 Dec Dec 2010 RM mil RM mil Shareholders' funds 1, , RM RM Net assets per share nd Interim 2nd Interim Total Total Sen Sen Sen Sen Dividend per share 5.0 (100.0) (40.0) Q4'11 Q4'11 YTD Dec'11 % Changes * vs vs vs Q3'11 Q4'10 YTD Dec'10 Total Industry Volume (MAA) Total Group's Vehicles Sales Subsidiaries DMSB Daihatsu & Hino trucks DMMS Perodua vehicles Federal Auto : Volvo, Volkswagen & Mitsubishi vehicles OMI SVBW Associated companies Perodua vehicles Hino trucks * All changes based on vehicle unit sales, except for OMI and SVBW which are based on sales values Page 1 of 21

2 QUARTERLY ANNOUNCEMENT For the fourth quarter ended 31 December 2011 Overview According to the Malaysian Automotive Association (MAA), the Malaysian motor total industry volume (TIV) of sales by registration declined in the fourth quarter of 2011 by 1.5% as compared against the same period of 2010, which resulted in an overall decline in TIV for the twelve months by 0.9%. TIV declined by 2.2% in the fourth quarter compared to the preceding quarter. The Group's overall total vehicle sales also improved in the fourth quarter of 2011 by 14.5% as compared against the same period of 2010, which cumulatively, improved by 1.7% against the same period of The Group's overall total vehicle sales improved 18.8% on a quarterly basis. Group Financial Performance Fourth quarter ended 31 December 2011 compared with fourth quarter ended 31 December 2010 Group revenue improved by 45.2% to RM539 million, however profit from operations declined by 58% to RM2 million. Share of results of associate companies improved by 8.6% to RM29.7 million. Net profit attributable to owners of the Company declined by 10.6% to RM26 million. During the quarter, the Group launched a take over exercise on Hirotako Holdings Berhad for which the acquisition related costs amounting to RM6.6mil was incurred. These amounts were recognised as expenses in the comprehensive income pursuant to FRS 3: Business Combinations. Excluding this amount, the profit from operations should have improved 82.5% on the back of higher revenues. The group's gross debt to equity ratio as at 31 December 2011 is 32.8% compared with 3.3% as at 31 December Fourth quarter ended 31 December 2011 against previous quarter ended 30 September 2011 Group revenue improved by 27.9%. Profit from operations declined 85.9% whilst share of results of associate companies improved marginally 1.2%. Net profit attributable to owners of the Company declined by 26.3%. The group's gross debt to equity ratio as at 31 December 2011 is 32.8% compared with 6.2% as at 30 September Net assets per share rose to RM4.55 as at the end of December 2011 from RM4.20 as at end of December Group Business Performance Motor trading Federal Auto Group's vehicle sales improved by 53.4% compared against 2010 due to new Volkswagen models. The new Myvi helped lift sales at the Perodua dealership, DMM Sales, in the second half of the year. Profit from operations from motor trading for the year improved only by 3.3%, as a result of higher expenses incurred from the Group's expansion and lower margins from the discontinuation of the Daihatsu Delta trucks. Manufacturing The disruption in parts supply, from the earthquake in Japan in the early part of the year, followed by the floods in Thailand in the latter part of 2011, affected the deliveries under the manufacturing division. Although revenues for the year improved 33%, profit from operations from manufacturing declined 18% largely due to higher material costs and adjustment of a once off gain in Page 2 of 21

3 QUARTERLY ANNOUNCEMENT For the fourth quarter ended 31 December 2011 Prospects Despite encouraging outstanding orders in hand, the trading environment has become more challenging as a result of the tightening of financing requirements for car loans. This has resulted in slower translation of orders into sales. Additionally, the impact on the Group's financial performance from the discontinuation of the Delta trucks will be fully felt in The Group's long term expansion plans remain firmly on schedule, with its dealership network development in progress for all brands. Additional contributions for the quarter are expected from the new Volkswagen facilities in Johor Bahru and Alor Setar, and the new service centre and upgraded sales facilities at Hino Shah Alam. OMI announced in January it is embarking on a RM103 million investment in an alloy wheel manufacturing plant which it expects to be commissioned later this year. This year will also see the first time consolidation of the results of Hirotako Holdings Berhad, which will result in positive contribution to the Group's revenues and profits. Board of Directors MBM Resources Berhad 24 FEBRUARY 2012 Page 3 of 21

4 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the twelve months ended 31 December 2011 unaudited (Audited) Comparative Current Comparative 12 months 12 months Quarter Quarter Cumulative Cumulative Ended Ended To Date To Date 31/12/ /12/ /12/ /12/2010 Note Continuing operations Revenue , ,139 1,752,331 1,528,494 Cost of sales (504,012) (341,744) (1,619,617) (1,401,421) Gross profit 35,008 29, , ,073 Other income 8,585 8,227 30,684 24,193 Administrative and other expenses (25,173) (16,322) (69,237) (53,015) Selling and marketing expenses (16,429) (16,570) (52,163) (46,764) Results from operating activities 1,991 4,730 41,998 51,487 Interest income ,750 2,680 Finance costs (647) 174 (1,556) (755) Net interest income/(finance costs) ,194 1,925 Share of results of associates, net of tax 29,734 27, , ,990 Profit before tax 18 32,061 33, , ,402 Income tax expense 19 (1,842) 207 (13,046) (11,029) Profit from continuing operations 30,219 33, , ,373 Discontinued operation Results from discontinued operation, net of tax 1,588 1,122 Profit for the period 30,219 34, , ,495 Profit attributable to: Owners of the Company 26,046 29, , ,136 Non controlling interests 4,173 5,706 17,176 20,359 Profit for the period 30,219 34, , ,495 The notes on pages 10 to 21 are an integral part of these condensed consolidated financial statements. Page 4 of 21

5 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (cont'd) For the twelve months ended 31 December 2011 unaudited (Audited) Comparative Current Comparative 12 months 12 months Quarter Quarter Cumulative Cumulative Ended Ended To Date To Date 31/12/ /12/ /12/ /12/2010 Note Profit for the period 30,219 34, , ,495 Other comprehensive income Share of revaluation deficit arising from fair value adjustments of assets in an associate (16) Other comprehensive income for the period, net of tax (16) Total comprehensive income for the period 30,219 34, , ,479 Total comprehensive income attributable to: Owners of the Company 26,046 29, , ,121 Non controlling interests 4,173 5,706 17,176 20,358 Total comprehensive income for the period 30,219 34, , ,479 Earnings per ordinary share sen sen sen sen Basic 20 From continuing operations From discontinued operation (0.19) Diluted 20 From continuing operations From discontinued operation (0.19) The notes on pages 10 to 21 are an integral part of these condensed consolidated financial statements. Page 5 of 21

6 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 31 December 2011 unaudited (Audited) As at end of As at preceding Current Quarter Financial Year Ended 31/12/ /12/2010 Note ASSETS Non current Assets Property, plant & equipment 224, ,039 Prepaid land lease payments 39,537 39,596 Investment properties 15,064 12,703 Investment in associates 740, ,783 Other investment 7,614 1,000 Development cost 2,321 Goodwill on consolidation 228,152 11,435 Total non current assets 1,257, ,556 Current Assets Inventories 251, ,032 Trade & other receivables and prepaid expenses 264, ,151 Tax recoverable 6,896 6,059 Cash and bank balances 247, , , ,060 Non current assets classified as held for sale 6,103 6,103 Total current assets 775, ,163 TOTAL ASSETS 18 2,033,220 1,346,719 The notes on pages 10 to 21 are an integral part of these condensed consolidated financial statements. Page 6 of 21

7 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (cont'd) As at 31 December 2011 unaudited (Audited) As at end of As at preceding Current Quarter Financial Year Ended 31/12/ /12/2010 Note EQUITY AND LIABILITIES Equity Share capital 242, ,677 Reserves 862, ,545 Total equity attributable to owners of the Company 1,105,764 1,018,222 Non controlling interests 201, ,782 Total equity 1,307,129 1,164,004 Non current and Deferred Liabilities Long term borrowings ,459 21,199 Deferred tax liabilities Provision for retirement benefits 1,859 1,619 Hire purchase payables non current portion 56 Total non current and deferred liabilities 373,477 23,010 Current Liabilities Provision for liabilities 4,126 3,751 Short term borrowings 22 57,292 17,483 Trade & other payables and accrued expenses 286, ,242 Amount owing to holding company Hire purchase payables current portion 15 Tax liabilities 4,328 1,568 Total current liabilities 352, ,705 Total liabilities , ,715 TOTAL EQUITY AND LIABILITIES 2,033,220 1,346,719 Net assets per share (RM) The notes on pages 10 to 21 are an integral part of these condensed consolidated financial statements. Page 7 of 21

8 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the twelve months ended 31 December 2011 unaudited / Attributable to owners of the Company / / Non distributable / Distributable Share Share Revaluation Retained Non controlling Total capital premium reserve earnings Total interests equity Note 12 months ended 31 December 2010 At 1 January ,073 30, , , ,151 1,030,425 Effects of change in accounting policy (285) (285) (66) (351) At 1 January 2010, as restated 242,073 30, , , ,085 1,030,074 Issue of ordinary shares pursuant to ESOS ,498 1,498 Total comprehensive income for the period 142, ,136 20, ,495 Other comprehensive income for the period (15) (15) (1) (16) Effect of discontinued operations (4,533) (4,533) Dividends to owners (19,386) (19,386) (19,386) Dividends paid by subsidiaries (6,128) (6,128) At 31 December ,677 31, ,669 1,018, ,782 1,164, months ended 31 December 2011 At 1 January ,677 31, ,669 1,018, ,782 1,164,004 Issue of ordinary shares pursuant to ESOS Effect of share capital reduction and repayment in a subsidiary (10,567) (10,567) Acquisition of a subsidiary 54,761 54,761 Total comprehensive income for the period 120, ,877 17, ,053 Other comprehensive income for the period Dividends to owners (33,995) (33,995) (33,995) Dividends paid by subsidiaries (5,787) (5,787) At 31 December ,943 31, ,551 1,105, ,365 1,307,129 The notes on pages 10 to 21 are an integral part of these condensed consolidated financial statements. Page 8 of 21

9 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS For the twelve months ended 31 December 2011 unaudited (Audited) months ended 12 months ended 31/12/ /12/2010 Note CASH FLOWS FROM OPERATING ACTIVITIES Profit for the period 138, ,495 Adjustments for : Income tax expense 13,046 11,029 Share of results of associates (107,907) (118,990) Non cash items 11,403 10,312 Non operating items (692) 1,615 Operating profit before working capital changes 53,903 66,461 Changes in working capital Increase in trade & other receivables (71,728) (48,687) Increase in inventories (25,824) (75,874) Increase in trade & other payables 56,306 58,739 Net changes in other current assets & liabilities (72) 10 Income tax refunded 635 Income tax paid (11,783) (14,441) Net cash from/(used in) operating activities 802 (13,157) CASH FLOWS FROM INVESTING ACTIVITIES Dividends received from associates 52,559 39,819 Interest income 2,750 2,680 Purchase of property, plant & equipment (27,114) (28,593) Proceeds from disposal of property, plant & equipment 1,087 2,870 Proceeds from disposal of prepaid lease payments 1,455 Proceeds from disposal of investment property 9,400 Acquisition of subsidiary 10 (311,791) Cashflow from disposal of discontinued operation 9,481 Payments made to minority shareholders of a subsidiary pursuant to capital reduction and repayment (8,818) Net cash (used in)/from investing activities (291,327) 37,112 CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid (33,995) (19,386) Dividends paid to minorities of a subsidiary (5,787) (6,128) Proceeds from exercise of ESOS 660 1,498 Finance costs (1,556) (755) Bank borrowings 396,405 32,252 Net cash from financing activities 355,727 7,481 NET INCREASE IN CASH AND CASH EQUIVALENTS 65,202 31,436 CASH AND CASH EQUIVALENTS AT 1 JANUARY 181, ,952 CASH AND CASH EQUIVALENTS AT 31 DECEMBER 246, ,388 Cash and cash equivalents comprise : Cash and bank balances , ,818 Bank overdrafts (808) (1,430) 246, ,388 The notes on pages 10 to 21 are an integral part of these condensed consolidated financial statements. Page 9 of 21

10 Notes to the condensed consolidated interim financial statements MBM Resources Berhad is a public limited liability company, incorporated and domiciled in Malaysia, and is listed on the Main Market of Bursa Malaysia Securities Berhad. The condensed consolidated interim financial statements of the Group as at and for the nine months ended 31 December 2011 consist of the Company and its subsidiaries (together referred to as the "Group") and the Group's interests in associates. These condensed consolidated interim financial statements were approved by the Board of Directors on 24 February Basis of preparation Statement of compliance These condensed consolidated interim financial statements have been prepared in accordance with the applicable disclosure provisions under Paragraph 9.22 of the Listing Requirements of the Bursa Malaysia Securities Berhad and FRS134, Interim Financial Reporting. The supplementary information set out in Note 25, which is not part of the financial statements, is disclosed in accordance to Guidance on Special Matter No. 1 "Determination of Realised and Unrealised Profits or Losses in the Context of Disclosure Pursuant to Bursa Malaysia Securities Listing Requirements" as issued by the Malaysian Institute of Accountants and the directive of Bursa Malaysia Securities Berhad. They do not include all of the information required for full annual financial statements, and should be read in conjunction with the consolidated financial statements of the Group as at and for the year ended 31 December Significant accounting policies The accounting policies and method of computation applied by the Group in these condensed consolidated interim financial statements are consistent as those applied by the Group in its consolidated financial statements as at and for the year ended 31 December Estimates In preparing the condensed interim financial statements, the significant judgements made by management in applying the Group's accounting policies and the key sources of estimation uncertainty were consistent with those applied in the financial statements as at and for the year ended 31 December Auditors' Report of Preceding Annual Financial Statements The auditors' report on the financial statements of the Group and of the Company as at and for the year ended 31 December 2010 was not qualified. 5. Seasonal and cyclical factors The main activities of the Group are in motor trading and manufacturing of automotive components and are therefore dependent on the economy of the country. 6. Exceptional items There were no unusual items affecting assets, liabilities, equity, net income or cash flows for the financial period under review. 7. Dividends paid The Company did not pay any dividend during the quarter. Page 10 of 21

11 8. Debt and equity securities There were no issuances and repayment of debt securities, share buy backs, share cancellation, shares held as treasury shares and resale of treasury shares for the financial period under review except for the issuance of ordinary shares pursuant to the Company's ESOS. Employee Share Options Scheme ("ESOS") During the quarter ended 31 December 2011 pursuant to the Company s ESOS, the issued and paid up capital of the Company was increased from RM242,887,667 to RM242,942,667 as a result of the exercise and allotment of 55,000 option shares of par value RM1.00 each as follows: Option price per share (RM) No of shares issued Cash proceeds (RM) ,000 99,060 16,000 38,880 55, ,940 The number of unexercised share options as at 31 December 2011 was 2,565, Subsequent material events There was no material event or transaction during the period from 31 December 2011 to the date of this announcement which affects substantially the results of the operations of the Group and of the Company for the quarter ended 31 December 2011 in respect of which this announcement is made. 10. Changes in composition of the Group a) Acquisition of subsidiary As reported in the Company's announcement on 28 February 2011, the Group completed the acquisition of Lion Motor Sdn. Bhd. ("LMSB") for which the Group obtained control of LMSB and LMSB became a wholly owned subsidiary of F.A. Autosoft Sdn. Bhd., a wholly owned subsidiary of Federal Auto Holdings Berhad nominated by the Company to hold shares in LMSB. The consideration for the acquisition comprise purchase consideration of RM4 and debt settlement consideration of RM2,999,994, both in cash. Further to this, as reported in the Company's announcement on 3 June 2011, the Group completed the acquisition of Kinabalu Motor Assembly Sdn. Bhd. ("KMASB") for which the Group obtained control of KMASB and KMASB became a 70.01% subsidiary of F.A. Autosoft Sdn. Bhd., a wholly owned subsidiary of Federal Auto Holdings Berhad nominated by the Company to hold shares in KMASB. The consideration for the acquisition comprise purchase consideration of RM2 and debt settlement consideration of RM13,000,000, both in cash. Provisional identifiable assets acquired and liabilities assumed LMSB KMASB As at As at 28/02/ /06/2011 Property, plant and equipment 112 5,227 Inventories 2,042 4,239 Trade and other receivables 1, Cash and bank balances ,512 10,943 Trade and other payables (2,081) (1,789) Hire purchase creditor (21) Total net identifiable assets 1,410 9,154 Page 11 of 21

12 10. Changes in composition of the Group (cont'd) Acquisition of subsidiary (cont'd) LMSB KMASB As at As at 28/02/ /06/2011 Goodwill Goodwill was recognised as a result of the acquisition as follows: Total consideration 3,000 13,000 Less value of net identifiable assets (1,410) (9,154) Goodwill 1,590 3,846 Net cashflow on acquisition Total consideration 3,000 13,000 Cash and cash equivalents acquired (174) (798) Net cash outflow on acquisition 2,826 12,202 On 27 October 2011, MBMR announced a proposed conditional take over offer to acquire : (i) all the voting shares of RM0.25 each in Hirotako Holdings Berhad ("HHB")(excluding treasury shares) ("HHB Shares"); (ii) all the new HHB Shares that may be issued prior to the closing of the Offer arising from the exercise of outstanding warrants 2011/2016 in HHB ("Warrants"); and (iii) all outstanding warrants in HHB not held by MBMR ("Offer Warrants") for a cash consideration of RM0.97 per HHB Share and RM0.05 per Offer Warrant ("Offer"). (The HHB shares which are subject of the Offer set out in (i) and (ii) above, are collectively referred to as the "Offer Shares") Offer documents were sent to all HHB shareholders on 17 November 2011 which sets out the details, terms and conditions of the Offer. On 16 December 2011, MBMR announced the receipt of valid acceptances in respect of the Offer Shares resulting in MBMR holding more than 65% of the voting shares in HHB and therefore, the Offer became unconditional. On 3 January 2012, MBMR announced that the Offer has closed with the level of acceptance for Offer Shares at 95.99% and for Offer Warrants at 53.47%. Accordingly, pursuant to Section 222(1) of the Capital Markets and Services Act, 2007, MBMR proceeded to compulsory acquire any outstanding Offer Shares for which valid acceptances have not been received. For purpose of consolidation pursuant to FRS 3: Business Combination, the Group obtained control of HHB as of 31 December 2011 and HHB became a wholly owned subsidiary of MBMR. The consideration for the acquisition paid and payable for the Offer Shares and Offer Warrants, amounting to RM406,978,566 and RM2,955,892 respectively, shall be satisfied in cash using both internal funds and external borrowings. The Company is currently undergoing an exercise to determine the fair values to be assigned to HHB's identifiable assets, liabilities and contingent liabilities (if any) pursuant to the requirements on FRS 3: Business Combinations. Upon finalisation of this exercise, the resulting goodwill on consolidation (as shown below) will be adjusted accordingly. Page 12 of 21

13 10. Changes in composition of the Group (cont'd) Acquisition of subsidiary (cont'd) Provisional identifiable assets acquired and liabilities assumed HHB As at 31/12/2011 Property, plant and equipment 72,224 Investment in associate 64,926 Other investments 6,614 Research and development 2,321 Goodwill on consolidation 2,379 Inventories 19,688 Trade and other receivables 63,306 Tax recoverable 2,405 Cash and bank balances 84,948 Deferred tax assets ,856 Trade and other payables (61,746) Tax payable (3,063) Minority interest (54,761) Total net identifiable assets 199,286 Goodwill Goodwill was recognised as a result of the acquisition as follows: Total consideration 409,935 Less value of net identifiable assets (199,286) Goodwill 210,649 Net cashflow on acquisition Total consideration 409,935 Less amount due to be payable after 31 December 2011 (28,224) Cash and cash equivalents acquired (84,948) Net cash outflow on acquisition 296,763 b) Selective Capital Reduction and Repayment Exercise Under Section 64 of the Companies Act, 1965 ("the Act") by Federal Auto Holdings Berhad ("FAHB") As reported in the Company's announcement on 6 May 2011, the Group's subsidiary FAHB has completed the reduction of FAHB's share capital under the Act. Arising thereto, FAHB becomes a 100% owned subsidiary of Galaxy Waves Sdn. Bhd., which in turn a 100% owned subsidiary of the Group. A capital repayment amounting to RM8,818,194 to the remaining shareholders of FAHB has been paid as at the date of this announcement. Page 13 of 21

14 11. Significant related party transactions During the period ended 31 December 2011, the Group and the Company had the following transactions with related parties : Period ended 31/12/2011 Group Purchases from Daihatsu Motor Co. Ltd. and/or its subsidiaries and associates* Purchases from a subsidiary of Perodua 758,599 Purchases from Hino Motors (Malaysia) 43,516 Sales to subsidiaries of Perodua 23,885 Purchases from Toyota Tsusho Co. and/or its subsidiaries and associates 15,003 Central Motor Wheels Co, a minority shareholder: Royalty fee payable 393 Technical fee payable 19 Development expenses 10 Company Gross dividends from: subsidiaries 16,269 associates 43,697 Management fees from: subsidiaries 669 * Includes all subsidiaries and associates of Daihatsu Motor Co., Ltd. other than the subsidiaries of the Company. 12. Capital commitments The amount of commitments in respect of the acquisition of property, plant and equipments not provided for in the interim financial statements as at 31 December 2011 is as follows : Approved and contracted for 91,779 Approved and not contracted for 23, Review of Group performance The review of performance by operations is furnished in the Main Section on pages 1 to 3 of the announcement. 14. Current year prospects The overview of current year prospects is furnished in the Main Section on pages 1 to 3 of the announcement. Page 14 of 21

15 15. Variance from profit forecast or profit guarantee The Group did not issue any profit forecast or profit guarantee for the year. 16. Unquoted investments and properties There was no sale of unquoted investments and/or properties for the current quarter under review and financial period to date. 17. Quoted investments There was no purchase or sale of quoted securities for the current quarter under review and financial period to date. As at the end of the current quarter, investments in quoted shares by the Group is as follows: 31 December September 2011 RM '000 RM '000 At cost 15,791 15,791 At market value 4,599 6, Operating segments The Group's reportable segments offer different products and services and are managed separately due to different trading nature and marketing strategies. Most of the businesses were acquired as individual units and the management at the time of acquisition remained. Information reported to the Group s chief operating decision makers for the purposes of resource allocation and assessment of segment performance is more specifically focused on the business segments as follows: (i) Motor vehicles : Marketing and distribution of motor vehicles, spare parts and provision of related services. (ii) Automotive components : Manufacturing of automotive parts and components, interior carpets, steel wheels and discs, and provision of tyre assembly services. (iii) Vehicles body building : Manufacturing and fabrication of vehicles body and provision of related services. (iv) All others : Investment holding, corporate headquarters and other dormant companies. (Continued next page) Page 15 of 21

16 18. Operating segments (cont'd) Period ended 31 December 2011 Motor Automotive components Vehicles body vehicles Continuing Discontinued building All others Group Revenues from external customers 1,646,020 89,051 17,260 1,752,331 Intersegment revenue Operating profits/(loss) for reportable segments 39,591 13, (11,617) 41,998 Share of results of associates 107, ,907 Interest income ,558 2,750 Finance costs (1,119) (38) (330) (69) (1,556) Depreciation and amortisation 6,997 2, ,364 Other significant non cash items Provisions 2,186 2,186 Capital expenditure 25,498 1, ,114 Segment assets 645, ,106 13, ,864 1,293,164 Investment in associates 675,130 64, ,056 Segment liabilities 240,709 81,803 9, , ,091 Period ended 31 December 2010 Motor Automotive components Vehicles body vehicles Continuing Discontinued building All others Group Revenues from external customers 1,450,712 66,870 45,726 10, ,574,220 Intersegment revenue 1,002 1,002 Operating profits/(loss) for reportable segments 38,310 16,784 6,490 (1,226) (2,381) 57,977 Share of results of associates 118, ,990 Interest income 1, ,155 2,680 Finance costs (252) (30) (536) (373) (100) (1,291) Depreciation and amortisation 5,464 2,129 1, ,344 Other significant non cash items Provisions 2, ,688 Capital expenditure 14,802 1,980 11, ,593 Segment assets 521,659 86,739 13, , ,936 Investment in associates 619, ,783 Segment liabilities 154,827 9,120 10,755 8, ,715 Page 16 of 21

17 18. Operating segments (cont'd) Reconciliations of reportable operating segment revenues, profit or loss, assets and liabilities Period ended Period ended 31/12/ /12/2010 Revenues Total revenues for Group's reportable segments 1,752,331 1,575,124 All others 98 Elimination of inter segment revenues (1,002) Discontinued operations (45,726) Revenue, as reported 1,752,331 1,528,494 Profit or loss Total profit for Group's reportable segments, including finance costs and interest income 53,320 60,692 All others (10,128) (1,326) Share of results of associates 107, ,990 Discontinued operations (5,954) Profit before tax, as reported 151, ,402 Assets Total assets for Group's reportable segments 1,013, ,193 All others 279, ,743 Investment in associates 740, ,783 Total assets, as reported 2,033,220 1,346,719 Liabilities Total liabilities for Group's reportable segments 331, ,702 All others 394,394 8,013 Total liabilities, as reported 726, ,715 The accounting policies and method of computation of the operating segments are consistent with those described in the summary of significant acccounting policies in the recent audited financial statement for the year ended 31 December The Group evaluates performance of these operating segments based on their respective profit or loss. The Group accounts for intersegment sales and transfers as if the sales or transfers were to third parties, i.e. at arm's length transactions. The commentary on segment results is furnished in the Main Section on pages 2 of the announcement. Page 17 of 21

18 19. Income tax expense Current Quarter Year to date 31/12/ /12/2011 Current year's provision 1,842 13,046 Add : Under/(Over) provision in prior years 1,842 13,046 Deferred taxation Income tax expense 1,842 13,046 A reconciliation of the statutory income tax rate at 25% to the effective income tax rate of the Group for the current quarter and for the year to date are as follows : Current Quarter Year to date 31/12/ /12/2011 % % Statutory income tax rate in Malaysia Adjustment for tax applicable to share of results in associates (23.2) (17.9) Expenses not deductible for tax purpose / (Income not subject to tax) Tax effect on utilisation of previously unrecognised deferred tax assets and reinvestment allowances (1.4) (0.4) Overprovision of income tax in prior year Underprovision of deferred tax in prior year Earnings per ordinary share (EPS) Quarter Year to date 3 months ended 12 months ended 31/12/ /12/ /12/ /12/2010 Basic earnings per ordinary share Profit attributable to ordinary shareholders () Continuing operations 26,046 29, , ,602 Discontinued operations (466) 26,046 29, , ,136 Weighted average number of ordinary shares ('000) 242, , , ,394 Basic earnings per share (sen) Continuing operations Discontinued operations (0.19) Page 18 of 21

19 20. Earnings per ordinary share (EPS) (cont'd) Quarter Year to date 3 months ended 12 months ended 31/12/ /12/ /12/ /12/2010 Diluted earnings per ordinary share Profit attributable to ordinary shareholders () Continuing operations 26,046 29, , ,602 Discontinued operations (466) 26,046 29, , ,136 Adjusted weighted average number of ordinary shares in issue and issuable 245, , , ,225 Diluted earnings per share (sen) Continuing operations Discontinued operations (0.19) Weighted average number of ordinary shares Adjustment for assumed exercise of ESOS Adjusted weighted average number of ordinary shares in issue and issuable No of ordinary shares of RM1.00 each 31/12/ /12/ ,864, ,393,564 2,565,000 2,831, ,429, ,224, Corporate proposals Subsequent to the third quarter 2011 announcement made on 10 November 2011, save for those which has been disclosed under Note 10 above, following corporate proposals were made or undertaken by the Group and the Company. (a) On 9 December 2011, the Group announced that its 78% owned subsidiary Oriental Metal Industries (M) Sdn. Bhd. ("OMI") has subscribed to shares in OMI Alloy (M) Sdn. Bhd. ("OMI Alloy") resulting in OMI Alloy becoming a 100% owned subsidiary of OMI. The principal activity of OMI Alloy is manufacturing of alloy wheels for motor vehicles. In a press release dated 12 January 2012, the Group announced that OMI Alloy is set to invest RM103 million for setting up of an alloy wheel manufacturing plant in Rawang. (b) On 24 February 2012, the Company announced the proposal to undertake the following: (i) a bonus issue of up to three new Shares ("Bonus Shares"), to be credited as fully paid up, on the basis of three Bonus Share for every ten existing Shares held by the entitled shareholders of the Company on the entitlement date to be determined and announced later ("Entitlement Date") ("Proposed Bonus Issue"); (ii) a renounceable rights issue of up to three new ordinary shares of RM1.00 each in MBMR ("Shares") together with up to three new detachable warrants ("Warrants") on the basis of three Rights Share with three Warrants for every ten Shares held by the entitled shareholders of the Company on Entitlement Date (the same Entitlement Date for the Proposed Bonus Issue) ("Proposed Rights Issue with Warrants"). The Proposed Bonus Issue and Proposed Rights Issue with Warrants has yet to be completed and further details can be obtained from the announcement made on 24 February Page 19 of 21

20 22. Loans and Borrowings Short Term Borrowings Long Term Borrowings Denominated in Malaysian Currency (RM) Secured 7, ,459 Unsecured 50,227 Total 57, , Cash and Cash Equivalents The Group As at 31/12/ /12/2010 Cash on hand and at at banks 142,831 69,316 Deposits with licensed banks 104, ,502 Cash and bank balances 247, ,818 Less : Bank overdrafts (808) (1,430) Cash and cash equivalents 246, ,388 Cash and bank balances 247, ,818 Less : Total borrowings* (428,751) (38,753) Net cash position (after total borrowings) (181,353) 144,065 (Note * Total borrowings include hire purchase payables) 24. Off balance sheet financial instruments The Group does not have any other financial instruments which are not within the scope of FRS 139 with off balance sheet risk as at 16 February 2012, the latest practicable date which is not earlier than 7 days from the date of this quarterly report. Page 20 of 21

21 25. Supplementary information The following information are provided pursuant to Paragraphs 2.06 and 2.23 of the Bursa Malaysia Securities Berhad Listing Requirements to disclose the breakdown of the unappropriated profits or accumulated losses of the Group and of the Company as of 31 December 2011 into realised and unrealised profits or losses. The Group 31/12/2011 The Company Total retained earnings of the Company and its subsidiaries Realised 563, ,747 Unrealised (5,506) (1,535) Total retained earnings from the associates Realised 568,714 Unrealised (22,013) Less : Consolidation adjustments (274,099) Total retained earnings as per statement of financial position 830, , Material litigations There is no ongoing material litigation as at the date of this quarterly report. 27. Contingent liabilities As at the date of issue of this quarterly report, there were no material changes to the contingent liabilities as disclosed in the audited financial statements for the year ended 31 December Dividend The Board did not declare any dividend during the current quarter. BY ORDER OF THE BOARD MBM RESOURCES BERHAD SHAHRIZAT OTHMAN COMPANY SECRETARY KUALA LUMPUR DATED : 24 FEBRUARY 2012 For further information, please contact Mr. Darren Kong, Group Financial Controller at Tel : Our Quarterly Announcement for the fourth quarter ended 31 December 2011 can be downloaded from the internet at or Page 21 of 21