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MALAYSIA SMELTING CORPORATION BERHAD

Straits Trading’s interest: 54.8%

Straits Trading's metals and mineral resources operations started since its inception in 1887 and are currently carried out by Malaysia Smelting Corporation Berhad ("MSC"), its 54.8%-owned subsidiary that is dual-listed on Bursa Malaysia (since 1994) and the Singapore Exchange (since 2011).

MSC is one of the world's leading integrated producers of tin metal and tin-based products. It operates one of the most cost-efficient smelting plants in the world, converting primary, secondary and often complex tin bearing materials into high purity tin metal for industrial applications. In addition, MSC has gained distinction as the largest independent custom tin smelter in the world and one of the world's top producers of high purity 4-nines tin. MSC via its smelter in Butterworth, Malaysia has been supplying the world with the Straits refined tin brand which is registered with the London Metal Exchange and Kuala Lumpur Tin Market. In 2016, MSC acquired a production facility in Klang, Malaysia with a more advanced manufacturing technology.

MSC enjoys a global reputation built on its years of experience in tin smelting and as a supplier of high grade refined tin metal. MSC's continuous investment in its processes, R&D, human resource development and international networking will ensure its global position as a leading tin smelter and producer.

For more information, please visit www.msmelt.com