Date : 31 March 2004

UNUSUAL MARKET ACTIVITY

LION FOREST INDUSTRIES BERHAD

Type

Reply to query
Reply to Query Letter by KLSE reference IDME-040330-67065
SubjectUNUSUAL MARKET ACTIVITY

Contents :

We refer to your letter dated 30 March 2004.


The Board of Directors of the Company after having made due enquiries, wishes to inform that, they are not aware of any undisclosed development in the Company's business or any reasons which resulted in the unusual market activity.

Query Letter Contents :

We draw your attention to the sharp increase in price and high trading volume
in your Company’s shares recently.
In accordance with paragraph 9.11 of the Exchange’s Corporate Disclosure Policy
on Response To Unusual Market Activity, you are requested to furnish the
Exchange with an announcement for public release after a due enquiry seeking
the cause of the unusual market activity in the Company’s securities. When
considering your response and when making the required announcement, your
attention is particularly drawn to the continuing disclosure requirements set
out in Chapter 9 of the Listing Requirements of Malaysia Securities Exchange
Berhad.
The announcement is to reach the Exchange within one (1) market day via KLSE
Listing Information Network (“KLSE Link”).

Yours faithfully



JOSEPHINE EDWARD
Sector Head, Listing Compliance
Group Regulations



Announcement Info

Company NameLION FOREST INDUSTRIES BERHAD  
Stock Name LIONFIB    
Date Announced31 Mar 2004  
CategoryGeneral Announcement
Reference NoLF-040331-B7700