Contents :

We refer to Bursa Malaysia Securities Berhad's ("Bursa Securities") letter dated 19 October, 2004 on the sharp increase in price and volume in our Company's shares recently.

We wish to inform that pursuant to and apart from the latest announcement made by Commerce International Merchant Bankers Berhad on behalf of the Company on 28 September, 2004 with regard to Bursa Securities' approval for the Company's share split proposal, there are no other material development in the Company or in the Group's businesses or affairs. The Directors have no knowledge on the cause of the unusual market activity in the Company's shares.

Query Letter Contents :

We draw your attention to the sharp increase in price and volume in your
Company’s shares recently.
In accordance with the Corporate Disclosure Policy on Response To Unusual
Market Activity pursuant to paragraph 9.11 of the Listing Requirements of Bursa
Malaysia Securities Berhad (“Bursa Securities LR”), you are requested to
furnish Bursa Securities with an announcement for public release after a due
enquiry seeking the cause of the unusual market activity in the Company’s
securities. When considering your response and when making the required
announcement, your attention is particularly drawn to the continuing disclosure
requirements set out in Chapter 9 of the Bursa Securities LR.
The announcement is to reach Bursa Securities by today via Bursa Link.

Yours faithfully



SUZALINA HARUN
Sector Head, Listing Compliance
Group Regulations