Further to our announcement of 31 May 2007, the Company is pleased to announce it will proceed to acquire 118,373,600 ordinary shares of RM1 each in Kumpulan Europlus Berhad ("KEB") representing 25% equity interest in KEB for a total cash consideration of RM33,144,608 or RM0.28 per share ("the Proposed Acquisition").  The Company will have a call option to acquire a further 5% equity interest at an agreed formula within a year after the completion of the acquisition of the 25% equity interest.

None of the Directors nor substantial shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the Proposed Acquisition, and no approval of shareholders is required.  The Proposed Acquisition is not expected to have any significant effect on the earnings or net assets per share of the Company for the financial year ending 31 March 2008.