P R O S P E C T U S Level 3, Balai Felda Jalan Gurney 1 54000 Kuala Lumpur Malaysia MSM MALAYSIA HOLDINGS BERHAD (Company No.: 935722-K) (Incorporated in Malaysia under the Companies Act, 1965) Tel. No. 03 2693 8355 Fax. No. 03 2698 5326 MSM MALAYSIA HOLDINGS BERHAD PROSPECTUS THE INITIAL PUBLIC OFFERING ( OFFERING ) OF UP TO 234,564,700 ORDINARY SHARES OF RM0.50 EACH IN MSM MALAYSIA HOLDINGS BERHAD ( MSM HOLDINGS ) ( SHARES ) COMPRISING OFFER FOR SALE OF UP TO 109,564,700 EXISTING SHARES ( OFFER SHARES ) AND PUBLIC ISSUE OF 125,000,000 NEW SHARES ( ISSUE SHARES ) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR 702,980,000 SHARES ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD: (I) INSTITUTIONAL OFFERING OF UP TO 206,444,700 SHARES COMPRISING: UP TO 73,811,600 OFFER SHARES TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS OUTSIDE THE UNITED STATES OF AMERICA IN RELIANCE ON REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ( INSTITUTIONAL PRICE ); 35,753,100 OFFER SHARES AND 45,089,900 ISSUE SHARES TO BUMIPUTERA INSTITUTIONAL AND SELECTED INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE; AND 51,790,100 ISSUE SHARES BY WAY OF PLACEMENT TO KOPERASI PERMODALAN FELDA MALAYSIA BERHAD AT THE INSTITUTIONAL PRICE, (II) RETAIL OFFERING OF 28,120,000 SHARES COMPRISING: 14,060,000 ISSUE SHARES MADE AVAILABLE TO THE ELIGIBLE EMPLOYEES (AS DEFINED HEREIN) AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE BUSINESS OF MSM HOLDINGS AND ITS SUBSIDIARIES; AND 14,060,000 ISSUE SHARES MADE AVAILABLE TO THE MALAYSIAN PUBLIC; AT THE RETAIL PRICE OF RM3.38 PER SHARE ( RETAIL PRICE ), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE, IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF: (I) THE RETAIL PRICE; AND (II) 97% OF THE INSTITUTIONAL PRICE, SUBJECT TO ROUNDING TO THE NEAREST SEN. Principal Adviser and Sole Global Co-Ordinator AmInvestment Bank Berhad (Company Number: 23742-V) Joint Bookrunners for the Institutional Offering and Joint Managing Underwriters for the Retail Offering CIMB Investment Bank Berhad (Company Number: 18417-M) CIMB Investment Bank Berhad (Company Number: 18417-M) MIDF Amanah Investment Bank Berhad (Company Number: 23878-X) Joint Underwriters for the Retail Offering (In alphabetical order) Maybank Investment Bank Berhad (Company Number: 15938-H) HwangDBS Investment Bank Berhad (Company Number: 14389-U) OSK Investment Bank Berhad (Company Number: 14152-V) Maybank Investment Bank Berhad (Company Number: 15938-H) RHB Investment Bank Berhad (Company Number: 19663-P) YOU ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THIS PROSPECTUS. IF IN DOUBT, PLEASE CONSULT A PROFESSIONAL ADVISER. FOR INFORMATION CONCERNING CERTAIN RISKS RELATING TO AN INVESTMENT IN THE SHARES WHICH SHOULD BE CONSIDERED BY PROSPECTIVE INVESTORS, SEE RISK FACTORS IN SECTION 5 OF THIS PROSPECTUS. THIS PROSPECTUS IS NOT TO BE DISTRIBUTED OUTSIDE MALAYSIA. LISTING SOUGHT: MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD. This Prospectus is dated 2 June 2011