Company Announcements

Date : 27 February 2001

ARTICLE ENTITLED: "Stocks On A Spin : MBA"

MALAYSIA BRITISH ASSURANCE BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDPL-010226-39348
SubjectARTICLE ENTITLED:
"Stocks On A Spin : MBA"

Contents :

The Board of Malaysia British Assurance Berhad ("MBA") refers to the query from the Kuala Lumpur Stock Exchange dated 26 February 2001 regarding the above matter and wishes to state for public announcement that:


"The Board has not received any notice from any of its Directors or Substantial Shareholders that he/they has/have been approached by the France-based AXA Group on any interest that he/they may have in MBA.

The Board will inform the Exchange if it receives any such notice."

Query Letter Contents :

We refer to the above news article appearing in The Sun, Sun Biz section, page
20, on Saturday, 24 February 2001, 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:-
"Speculation was also rife that France-based AXA Group might be interested to
take a stake in MBA."
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 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


CHONG FUI TZY
Manager, Listing Operations
ASL/TPL
c.c. Securities Commission (via fax)



Announcement Info

Company NameMALAYSIA BRITISH ASSURANCE BERHAD  
Stock Name MBA    
Date Announced27 Feb 2001  
CategoryGeneral Announcement
Reference NoMM-010227-59314

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