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INTRODUCTION

Subsequent to the announcement made on 31 January 2013, the Company is pleased to announce that University Malaysia of Computer Science and Engineering (“UniMy”), a tertiary education facility established under Prestariang Education Sdn. Bhd. (“PESB”), a wholly-owned subsidiary of Prestariang had on 6 June 2013 entered into a collaboration agreement (“Agreement”) with UoM Commercial Ltd (“UoMC”) for the purpose of providing project services to UniMY by UoMC.

The Agreement shall be effective from 6 June 2013 and shall end on 31 May 2016.

OBJECTIVE OF COLLABORATION

UoMC had agreed to provide the following services to UniMY:-

External examiner service

On an annual basis, UoMC will provide external examiner services to UniMY.

These services will include the following:

(a) Review end-of-semester examination papers for agreed subjects each semester in a timely and secure manner, providing timely feedback as required.

(b)Travel to the campus of UniMy for a period of five (5) business days in order to review the semester assessment, marking sheets, and examination process for the curriculum.

(c)Write a report on the examination process of UniMy at the completion of the academic year.

(d) To facilitate the provision of external examiner services, UniMy will provide any necessary documents to the key personnel, including their curriculum, example examination scripts, and marking schemes.

Quality assurance consultancy services

UoMC will provide quality assurance consultancy services to UniMy with the goal of assisting UniMy in creating a culture of rigorous self-analysis and review, from which continuous improvement initiatives are identified and implemented.

These services will include a comprehensive review of existing policies and procedures of UniMy, and suggestions for such new policies and procedures as are necessary to put in place an annual cycle of planning, performance monitoring, quality assurance and reporting at UniMy.

These services will be provided on an annual basis including a review visit, at a time convenient to both UniMy and UoMC.

A quality assurance report will be provided on an annual basis.

Other general services will include the followings:-

Review of curriculum;

Engagement of engineers without borders;

Capstone project;

Assist in the interview of PhD student applicants; and

Documentation and compliance.

Internships & Research Opportunities

UniMY and UoMC wish to record their intention to, at a later date, exchange services in relation to the provision of internship opportunities for students as well as opening up opportunities for joint research projects for students and staff.

It is envisaged that students from UniMy will be provided with internship opportunities with industry partners in Melbourne. In return, it is envisaged that UniMy will provide internships for University of Melbourne students with industry partners in Malaysia.

The evaluation of potential projects will be conducted in the first instance by UoMC. It is envisaged that this may most suitably completed during UoMC on-campus visits in Malaysia.

EFFECTS ON FINANCIAL, SHARE CAPITAL AND SUBSTANTIAL SHAREHOLDERS’ SHAREHOLDINGS

The Agreement is part of the future plan of Prestariang to improve and benchmark its standard which would bring the effect of contributing positively to the future earnings, net assets per share and gearing of Prestariang Group.

Such collaboration will not have any effect on the share capital and substantial shareholders’ shareholding of Prestariang.

DIRECTORS’ AND/OR SUBSTANTIAL SHAREHOLDERS’ INTEREST
None of the Directors and/or substantial shareholders or any person connected to the Directors and/or substantial shareholders of Prestariang has any interest, either direct or indirect in the Agreement.

DIRECTORS’ STATEMENT

The Board of Directors of Prestariang is of the opinion that the Agreement is in the ordinary course of business and of the best interest of Prestariang Group.

The announcement is dated 7 June 2013.

Type	Announcement
Subject	OTHERS
Description	PRESTARIANG BERHAD ("Prestariang" or "the Company") Collaboration Agreement entered into between University Malaysia of Computer Science and Engineering and UoM Commercial Ltd
INTRODUCTION Subsequent to the announcement made on 31 January 2013, the Company is pleased to announce that University Malaysia of Computer Science and Engineering (“UniMy”), a tertiary education facility established under Prestariang Education Sdn. Bhd. (“PESB”), a wholly-owned subsidiary of Prestariang had on 6 June 2013 entered into a collaboration agreement (“Agreement”) with UoM Commercial Ltd (“UoMC”) for the purpose of providing project services to UniMY by UoMC. The Agreement shall be effective from 6 June 2013 and shall end on 31 May 2016. OBJECTIVE OF COLLABORATION UoMC had agreed to provide the following services to UniMY:- External examiner service On an annual basis, UoMC will provide external examiner services to UniMY. These services will include the following: (a) Review end-of-semester examination papers for agreed subjects each semester in a timely and secure manner, providing timely feedback as required. (b)Travel to the campus of UniMy for a period of five (5) business days in order to review the semester assessment, marking sheets, and examination process for the curriculum. (c)Write a report on the examination process of UniMy at the completion of the academic year. (d) To facilitate the provision of external examiner services, UniMy will provide any necessary documents to the key personnel, including their curriculum, example examination scripts, and marking schemes. Quality assurance consultancy services UoMC will provide quality assurance consultancy services to UniMy with the goal of assisting UniMy in creating a culture of rigorous self-analysis and review, from which continuous improvement initiatives are identified and implemented. These services will include a comprehensive review of existing policies and procedures of UniMy, and suggestions for such new policies and procedures as are necessary to put in place an annual cycle of planning, performance monitoring, quality assurance and reporting at UniMy. These services will be provided on an annual basis including a review visit, at a time convenient to both UniMy and UoMC. A quality assurance report will be provided on an annual basis. Other general services will include the followings:- Review of curriculum; Engagement of engineers without borders; Capstone project; Assist in the interview of PhD student applicants; and Documentation and compliance. Internships & Research Opportunities UniMY and UoMC wish to record their intention to, at a later date, exchange services in relation to the provision of internship opportunities for students as well as opening up opportunities for joint research projects for students and staff. It is envisaged that students from UniMy will be provided with internship opportunities with industry partners in Melbourne. In return, it is envisaged that UniMy will provide internships for University of Melbourne students with industry partners in Malaysia. The evaluation of potential projects will be conducted in the first instance by UoMC. It is envisaged that this may most suitably completed during UoMC on-campus visits in Malaysia. EFFECTS ON FINANCIAL, SHARE CAPITAL AND SUBSTANTIAL SHAREHOLDERS’ SHAREHOLDINGS The Agreement is part of the future plan of Prestariang to improve and benchmark its standard which would bring the effect of contributing positively to the future earnings, net assets per share and gearing of Prestariang Group. Such collaboration will not have any effect on the share capital and substantial shareholders’ shareholding of Prestariang. DIRECTORS’ AND/OR SUBSTANTIAL SHAREHOLDERS’ INTEREST None of the Directors and/or substantial shareholders or any person connected to the Directors and/or substantial shareholders of Prestariang has any interest, either direct or indirect in the Agreement. DIRECTORS’ STATEMENT The Board of Directors of Prestariang is of the opinion that the Agreement is in the ordinary course of business and of the best interest of Prestariang Group. The announcement is dated 7 June 2013.

Company Name	PRESTARIANG BERHAD
Stock Name	PRESBHD
Date Announced	7 Jun 2013
Category	General Announcement
Reference No	CS-130607-56918

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