IDEAL SUN CITY HOLDINGS BERHAD

Regularisation Sponsor	M&A Securities Sdn Bhd
Sponsor	Same as above

Type	Announcement
Subject	PRACTICE NOTE 1 / GUIDANCE NOTE 5 MONTHLY ANNOUNCEMENT
Description	IDEAL SUN CITY HOLDINGS BERHAD (“IDEAL” or “the Company”) - Monthly Announcement Pursuant to Guidance Note 5/2006 ("GN5") – Default in Payments
Further to the announcement made on 2 July 2013 pursuant to GN5 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of IDEAL (“the Board”) wishes to inform that with request to the settlement of debt with Orix Credit Malaysia Sdn Bhd ("Orix"), the High Court of Johore Bahru has on 9 January 2012 dismissed the claim of Orix against Ideal Property Concepts Sdn Bhd and the Company. An appeal has been filed by Orix on 1 February 2012. The hearing has been fixed on 27 August 2013. The Company will make the necessary announcement on further development on this matter, if any. IDEAL will no longer be in default of payments to the financial institution provided that Orix’s appeal is dismissed. This announcement is dated 2 August 2013.

Company Name	IDEAL SUN CITY HOLDINGS BERHAD (ACE Market)
Stock Name	IDEAL
Date Announced	2 Aug 2013
Category	General Announcement
Reference No	CP-130802-44560