BURSA ANNOUCEMENTS

Date : 06 November 2000

ARTICLE ENTITLED: "Proton up on news of Lotus share sale"

PERUSAHAAN OTOMOBIL NASIONAL BHD

TypeReply to query
Reply to Query Letter by KLSE reference IDFM-001103-39997
SubjectARTICLE ENTITLED:
"Proton up on news of Lotus share sale"

Contents :

We refer to your letter of 3 November 2000 regarding the above matter.


In response, Perusahaan Otomobil Nasional Berhad ("PROTON") states that it has no intention of selling its 80 per cent stake in Lotus Cars Ltd. We would like to also clarify that PROTON's stake is held in Lotus Group International Ltd.. Lotus Cars Ltd. is a 100% owned subsidiary of Group Lotus Limited which in turn is a 100% owned subsidiary of Lotus Group International Limited.

Query Letter Contents :

We refer to the above article appearing in the Business Times Online, on
Friday, 3 November 2000, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
"PERUSAHAAN Otomobil Nasional Bhd (Proton)...may sell shares in its 80 per cent
unit Lotus
Cars Ltd..."

In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentence after due and diligent enquiry with all the directors,
substantial shareholders and all such other persons reasonably familiar with
the matters about which the disclosure is to be made in this respect. In the
event you deny the above sentence or any other part of the above article, you
are required to set forth facts sufficient to clarify any misleading aspects of
the same. In the event you confirm the above sentence or any other part of the
above article, you are required to set forth facts sufficient to support the
same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully


Chong Fui Tzy
Manager, Listing Operations
YYT/HTH/TFM
cc:Securities Commission



Announcement Info

Company NamePERUSAHAAN OTOMOBIL NASIONAL BHD  
Stock Name PROTON    
Date Announced6 Nov 2000  
CategoryGeneral Announcement
Reference NoPO-001106-29119