KUMPULAN EUROPLUS BERHAD (�KEURO� or �Company�)

							TRINITY CORPORATION BERHAD (“TRINITY” or “the Company”)
(formerly known as Talam Corporation Berhad)

PROPOSED JOINT        VENTURE        BETWEEN        TRINITY       AND     TEMASYA
MAYANG SDN BHD

1.   INTRODUCTION

     The Board of Directors of TRINITY wishes to announce that on 2 March 2012,
     TRINITY had entered into a Joint Venture Agreement (“JVA”) with Temasya
     Mayang Sdn Bhd (Company No.: 966564-W) (“TMSB”) whereby TRINITY will
     provide 2 parcels of vacant leasehold land measuring 18,582.08 square metres
     being part of master title PN 11211, Lot 20407, Mukim Tanjong Duabelas,
     Daerah Kuala Langat, Negeri Selangor Darul Ehsan (“Project Land”) and TMSB
     will develop the Project Land into 117 units of 2-4 storey shops (“Project”)
     within the commercial / housing development known as "Saujana Putra"
     (“Proposed Joint Venture”).

2.   DETAILS OF THE PROPOSED JOINT VENTURE

     2.1   Information on TMSB

           TMSB was incorporated in Malaysia on 2 November 2011 under the
           Companies Act, 1965 as a private limited company and having its place of
           business at 9C Jalan Kenari 2, Bandar Puchong Jaya, 47100 Puchong,
           Selangor Darul Ehsan.

           It has an authorized share capital of RM500,000.00 comprising 500,000
           ordinary shares of RM1.00 each and an issued and paid-up share capital of
           RM500,000.00 comprising 500,000 ordinary shares of RM1.00 each.

           The principal activities of TMSB are general trading, investment holding,
           property development and construction.


     2.2   Details of the Project Land

           The Group is the owner of the Project Land since 15 August 2000. The
           master title is presently charged to a financial institution.

           The master title has been surrendered for sub-division and is in the process
           of being issued the individual titles.

           The tenure of the Project Land is leasehold and expiring in year 2094 and
           categorized for commercial use.

           The present carrying value of the Project              Land   amounts to
           RM49,880,054.00 in the books of the Group.
     2.3    Salient Terms of the JVA

            The salient terms and conditions of the JVA are as follows:-

            2.3.1   TRINITY shall provide the Project Land and TMSB shall at its
                    own costs and expense, develop and complete the development of
                    the Project.

            2.3.2   TRINITY’s joint venture entitlement shall be paid in the following
                    manner:-

                    (i)     Upon execution of the JVA, TMSB shall pay TRINITY a
                            sum of Ringgit Malaysia Three Million (RM3,000,000.00)
                            only, and

                    (ii)    The balance sum of Ringgit Malaysia Forty Nine Million
                            One Hundred Twenty Thousand (RM49,120,000.00) only
                            shall be paid to TRINITY in the form of 44 units of the
                            completed Shops in the Project Land within thirty six (36)
                            months from the date of TMSB’s receipt of the building
                            plan approvals or within forty two (42) months from the
                            date of the JVA, whichever is earlier.

     2.4    Liabilities including contingent liabilities and guarantees

            To the best of TRINITY’s knowledge, save for the Project Land,
            TRINITY is not expected to incur any additional financial commitment
            and will not be assuming any liabilities, including contingent liabilities
            and guarantees, arising from the Proposed Joint Venture.

     2.5    Basis and Justification for TRINITY’s Entitlement

            TRINITY’s joint venture entitlement was based on willing-buyer willing-
            seller basis after taking into consideration its present carrying cost and
            current market value of the Project Land and also, the current industries’
            norm of units sharing ratio for joint ventures.


3.   APPROVALS

     The Proposed Joint Venture is not subject to the approval of the shareholders of
     TRINITY but is subject to the approvals from the relevant authorities for the
     development of the Project Land.


4.   RATIONALE            AND   PROSPECTS      FOR     THE     PROPOSED       JOINT
     VENTURE

     The Proposed Joint Venture will enable TRINITY to improve its current liquidity
     position and to reduce the Group’s borrowings and also afford an opportunity to
     develop the Project Land immediately due to TRINITY’s current inherent
     limitations.
5.   RISKS FACTORS

     The Project is subject to certain business risks inherent in the property
     development industry. These business risks may include but are not limited to,
     changes in general economic conditions, government regulations, inflation,
     competition from existing players and new entrants, shortage of labour for project
     completion, disruption in the supply of building materials and risks relating to the
     financing of the Project.

     Although the Company will monitor closely the progress of the development of
     the Project Land in order to minimize any delays, there can be no assurance that
     any change to these risks would not have certain material adverse effect on its
     business.

     In addition, to further mitigate its risks, the Company has obtained personal
     guarantees from the directors of TMSB, namely Dato’ Tee Chai Seng and Dato’
     Tan Chon Hoo @ Tan Choon Hoo.


6.   FINANCIAL EFFECT

     6.1    Share Capital and Substantial Shareholders’ Shareholding

            The Proposed Joint Venture will not have any effect on the issued and
            paid-up share capital of TRINITY and the shareholding of its substantial
            shareholders.

     6.2    Net Assets, Gearing and Earnings

            The Proposed Joint Venture will give rise to a net gain of RM2.54 million
            or 0.07 sen per ordinary share. The net asset of TRINITY will also
            increase by 0.07 sen to RM0.18 per ordinary share and gearing ratio will
            improve from 1.18 to 1.09 (Based on the Audited Financial Statement as
            at 31 January 2011).


7.   ESTIMATED TIME FRAME FOR COMPLETION

     Barring any unforeseen circumstances, the Proposed Joint Venture is expected to
     commence on 2nd quarter of 2012 and the Project is expected to be completed
     within 36 months from the date of receipt of the building plan approvals or 42
     months from the date of the JVA, whichever is earlier.


8.   DIRECTORS’ RECOMMENDATION

     The Directors of TRINITY, after taking into consideration of all financial and
     other factors, is of the opinion that the Proposed Joint Venture is in the best
     interest of TRINITY.
9.    DIRECTORS AND MAJOR SHAREHOLDERS’ INTEREST

      None of the directors and/or the major shareholders of TRINITY and/or persons
      connected with them have any interest, direct or indirect in the Proposed Joint
      Venture.


10.   PERCENTAGE RATIO

      The highest percentage ratio applicable to the Proposed Joint Venture pursuant to
      paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia
      Securities Berhad is 8.46%.


11.   DOCUMENTS FOR INSPECTION

      The JVA is available for inspection at the registered office of the Company at
      Suite 2.12, Level 2, Menara Maxisegar, Jalan Pandan Indah 4/2, Pandan Indah,
      55100 Kuala Lumpur between 9.00 a.m. and 5.00 p.m. from Monday to Friday
      (except public holidays) for a period of three (3) months from the date of this
      announcement.


This announcement is dated 2 March 2012.