Company Announcements

Date : 24 February 2004

1. ARTICLE IN THE NEW STRAITS TIMES ENTITLED: "MPlant shares surge on buy talk" 2. ARTICLE IN UTUSAN MALAYSIA ENTITLED : "Daim bincang jual Alliance Bank Kepada Syarikat Singapura"

MALAYSIAN PLANTATIONS BERHAD

Type

Reply to query
Reply to Query Letter by KLSE reference IDMM-040220-38162
Subject
1. ARTICLE IN THE NEW STRAITS TIMES ENTITLED: "MPlant shares surge on buy talk"
2. ARTICLE IN UTUSAN MALAYSIA ENTITLED : "Daim bincang jual Alliance Bank Kepada Syarikat Singapura"

Contents :

With reference to the above news articles appearing in The New Straits Times, Business Time section, and Utusan Malaysia, Ekonomi section, both on Friday, 20 February 2004 and in particular the following sentences :


The New Straits Times

"... Singapore’s Temasek Holdings may buy a stake in its banking arm, Alliance Bank Malaysia Bhd."

"... Singapore Government investment arm is looking to buy a 30 per cent stake in MPlant’s wholly owned banking unit for RM760 million."

"... that it is on the verge of getting Bank Negara Malaysia’s approval to begin talks to acquire an interest in the bank."

Utusan Malaysia

"... Bank Negara Malaysia telahpun membenarkan perundingan diadakan untuk membolehkan Temasek membeli 30 peratus MPlant dengan harge RM976 juta."

The Board of Directors of Malaysian Plantations Berhad would like to inform that the Company is not aware of any negotiation in relation to the above reported news articles.

Query Letter Contents :

We refer to the above news article appearing in The New Straits Times, Business
Times section, front page and Utusan Malaysia, Ekonomi section, page 21, both
on Friday, 20 February 2004, a copy each is enclosed for your reference.
In particular, we would like to draw your attention to the underlined
sentences, which are reproduced as follows:-
The New Straits Times
"...Singapore's Temasek Holdings may buy a stake in its banking arm, Alliance
Bank Malaysia Bhd."
"...Singapore Government investment arm is looking to buy a 30 per cent stake
in MPlant's wholly owned banking unit for RM760 million."
"...that it is on the verge of getting Bank Negara Malaysia's approval to begin
talks to acquire an interest in the bank."
Utusan Malaysia
"...Bank Negara Malaysia telahpun membenarkan perundingan diadakan untuk
membolehkan Temasek membeli 30 peratus MPlant dengan harga RM976 juta."






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 sentences after due and diligent enquiry with all the directors,
major 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 sentences 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 sentences 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

CHONG FUI TZY
Sector Head
Issues & Listing, Group Regulations
HTH/MZM
Copy to: Securities Commission (viafax)



Announcement Info

Company NameMALAYSIAN PLANTATIONS BERHAD  
Stock Name MPLANT    
Date Announced24 Feb 2004  
CategoryGeneral Announcement
Reference NoMP-040220-58540

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