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Pursuant to the Exchange's letter dated 5 January, 2000 on the unusual market action in the Company's shares recently, we wish to confirm as follows :-
i) there is no material development in the Company's business and affairs which has not been previously disclosed;
ii) there is no impending change in the major shareholders' interests;
iii) the Company has no knowledge of any reason to account for the unusual market action; and
iv) the Company is not aware of any transactions or events which may have contributed to the unusual market
activities in the Company's shares.
BY ORDER OF THE BOARD
CHIA MOH MUI
Group Secretary