Contents :

We refer to your letter dated 24th July 2000 on the above article appearing in The Star, Business Section on 22nd July 2000 and would like to inform that the Company is not in discussion with Multi-Purpose Holdings Berhad to acquire the latter's interest in Magnum Corporation Berhad.

Dated this 25th July 2000.

Query Letter Contents :

We refer to the above news article appearing in The Star, Business Section,
page 1 on Saturday, 22 July 2000.
In particular, we would like to draw your attention to the following sentence
of the above article which is reproduced as follows:-
" Another possible buyer is Kejora Harta Bhd, ................."
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 above
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 reported 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 reported 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
KUALA LUMPUR STOCK EXCHANGE

Inderjit Singh
Senior Manager, Listing Operations
ASL /CMJ
cc: Securities Commission