HEVEA - NOTICE OF RIGHTS ENTITLEMENT

Listing Circular

Renounceable rights issue of up to 42,666,667 new warrants in HeveaBoard Berhad ("HeveaBoard" or the "Company") ("New Hevea Warrants") to all the shareholders of HeveaBoard on the basis of one (1) New Hevea Warrant for every three (3) existing ordinary shares of RM1.00 each held in HeveaBoard ("Hevea Shares" or "Shares") as at 5.00 p.m. on 2 February 2010 ("Entitlement Date") ("Rights Issue"); and

Restricted issue of up to 12,533,333 New Hevea Warrants to the holders of the unexercised 2004/2009 Warrants on 31 December 2009, being the expiry date of the 2004/2009 Warrants ("Expiry Date") on the basis of one (1) New Hevea Warrant for every three (3) unexercised 2004/2009 Warrants held on the Expiry Date ("Restricted Issue").

Kindly be advised of the following:

1. The above Company's securities will be traded and quoted ["Ex - Rights Issue"] as from: [28 January 2010]
2. The last date of lodgement: [2 February 2010]
3. Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
   • Selling Broker to deduct [1/4], of the Selling Price against the Selling Client.
   • Buying Broker to deduct [10%] of the Purchase Price against the Buying Client.
   • Between Broker and Broker, the deduction of [1/4] of the Transacted Price is applicable.