WE DESIGN LOGISTICS

Contents :

Further to the letter of the Kuala Lumpur Stock Exchange dated 22 January 2001, on behalf of the Board of Directors of Ekran, Alliance Merchant Bank Berhad (“AMB”) wishes to announce the following:

1. The finalisation of assets with a value of RM200 million for injection into Ekran by Tan Sri Ting is still pending but is expected to reach an outcome in February 2001, subject to the sale of Tan Sri Ting’s private investments, the proceeds from which would be utilised to settle the consideration due from the injection of assets into Ekran.

(i) Initial Cash Payment of RM50 million due on 31 July 2000

The initial cash payment of RM50 million has yet to be made. The Board of Directors of Ekran had passed a resolution on 12 December 2000 to grant Tan Sri Ting an extension of time until 30 January 2001 to make the aforesaid cash payment.

The amount of RM50 million is currently held in trust by a financial institution for payment to Ekran. The said amount is expected to take ten (10) business days from the date hereof to be credited into Ekran's account.



(ii) Payment of RM37.632 million from the proposed sale of Tan Sri Ting’s 32% equity interest in PWE Industries Berhad to Global Upline Sdn Bhd (“Global Upline”)

Global Upline and Tan Sri Ting had, on 16 November 2000, signed a supplemental agreement to extend the completion of the proposed sale to 31 January 2001. The proposed sale will be extended for a further three (3) months following a request made by Global Upline. In this respect, Global Upline and Tan Sri Ting will be signing a second supplemental agreement by 31 January 2001 to extend the completion date of the proposed sale to 30 April 2001.

(iii) Payment of RM45 million from the proposed sale of Tan Sri Ting’s entire equity interest in Amal Bakti Sdn Bhd (“AASB”) to Kuala Lumpur City Corporation Berhad (“KLCCB”)

Further to the approval of the Foreign Investment Committee and the Securities Commission on 8 September 2000 and 29 September 2000 respectively, the proposed acquisition of AASB by KLCCB was approved by the Ministry of Finance on 27 November 2000 and KLCCB’s shareholders on 23 January 2001. The proposed acquisition of AASB is expected to be completed in March 2001.

(iv) Set-off of RM230.6 million in respect of the proposed acquisition by Ekran of 60% equity interest in Langkasuka Marina Development Sdn Bhd (“LMD”)

The set-off of the purchase consideration for the proposed acquisition of LMD is still pending the approval by the Securities Commission for the proposed revised utilisation of proceeds from the rights issue, an application for which will be made by 28 February 2001, and the approval by the Foreign Investment Committee for the proposed acquisition of LMD.

Query Letter Contents :

We refer to your announcements dated 6 November 2000 and 16 January 2001 on the
abovementioned matter.
In this connection, kindly furnish the Exchange with the following additional
information for public release:-
1) The detailed reasons for Ekran's further delay in submitting the application
in relation to the
Proposals to the Securities Commission, including but not limited to, a
status up-date on all
matters disclosed in Ekran's announcement dated 6 November 2000.

Kindly furnish the Exchange with your reply within two (2) market days from the
date hereof.



Yours faithfully


INDERJIT SINGH
Senior Manager
Listing Operations
IS/CMJ
Copy to: Securities Commission (via fax)