WESTPORTS IPO

Company Name: Westports Holding Berhad
Main Business: Cargo servies
Board: Main market
Stock Name: WPRTS
IPO Price: RM 2.50
PAR: RM 0.10
Market Capital: 3.41 bil shares

Timetable for IPO

Date	Description
19-09-2013	Open application
27-09-2013	Close application
01-10-2013	Price determination
02-10-2013	Ballot result
16-10-2013	Allotment shares
18-10-2013	Listing

Total shares offer: 813,190,000 units
1. Total institutional offering shares: 710,890,000 units. (20.8% of total share capital)
    a. 392,150,000 shares for MITI Bumiputera. (11.5% of total share capital)
    b. 318,740,000 shares for malaysian & foreign institutional and selected investors. (9.3% of total share capital)
2. Total retail offering shares: 102,300,000 units. (3% of total share capital)
    a. 34,1000,000 shares for eligible directors and employees of the company, and those have contributed to the company. (1% of total share capital)
    b. 34,100,000 shares for Malaysian public (Bumi). (1% of total share capital)
    b. 34,100,000 shares for Malaysian public (Non-Bumi). (1% of total share capital)

Financial summary:

FYE	Dec 2010	Dec 2011	Dec 2012	(6 Mths) Jun 2012	(6 Mths) Jun 2013
Revenue (RM mil)	998	1,387	1,492	629	750
Gross Profit (RM mil)	563	604	668	328	347
PAT (RM mil)	284	316	360	161	198
Net DPS* (RM)	1.10	2.60	1.70	0.90	1.50
Net EPS* (RM)	2.43	2.70	3.08	1.38	1.69
Net EPS** (Cents)	8.33	9.27	10.56	9.44	11.61

* based on 117 mil shares of RM 1.00.
** based on 3.41 bil shares of RM 0.10.

Targeted dividend policy: 75%
Estimated DY: 3.48%