| Material Litigation |
| The Board of Directors of MBf Holdings Berhad (MBfH or the Company) wishes to |
| announce that MBfH and its wholly owned subsidiary, MBf Education Group Sdn Bhd |
| (MEG) has today effected service of the legal proceedings instituted at the |
| Kuala Lumpur High Court to recover their assets which it is alleged were |
| wrongfully disposed of by the directors of these companies at the material |
| time. |
| The assets in question are MBfHs 66.67% equity interest in MBf Taylors Sdn Bhd |
| and a parcel of land in Subang on which Taylors College was constructed and are |
| presently registered under companies owned and/or controlled by the Loy Family. |
|
| The Company is unable to quantify the above claims at this juncture and the |
| Board believes to the best of its knowledge that the claim if successful may |
| have a material impact on the Groups financials. |
| This announcement is dated 18 January 2011. |
| You are advised to read the full contents of the announcement or attachment at |
| http://www.bursamalaysia.com. |
