Contents :

We wish to confirm the statement contained in the said article. We also wish to state that the article also mentioned that given the prevailing poor market conditions and the performance of the BGroup shares in particular, the Proposed Rights Issue will not be successful.

However, should the Company decide on any revision to its Proposed Rights Issue or any other alternative sources of fund raising, the Company will make the relevant announcements to the Exchange accordingly.

Query Letter Contents :

We refer to the above news article appearing in Nanyang Siang Pau, Nanyang
Business Section, page 2, on Friday, 17 November 2000, a copy of which is
enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence,
which states that Berjaya Group Berhad may consider not proceeding with the
Proposed Rights Issue, and replacing the Proposed Rights Issue with alternative
sources of fund raising.
In accordance with the Exchange's Corporate Disclosure Policy, you are required
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 persons reasonably familiar with the matters about which the
dislosure is to be made in this respect. In the event you confirm the above
sentence or any part of the above reported article, you are required to set
forth facts sufficient to support the same. 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.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.

Yours faithfully

Lisa Lam
Senior Manager,
Listing Operations
LL/KLL/SA/HH
copy: Securities Commission (via fax)