Announcement

Date: 25 March 2008

Submitting Merchant Bank
:
RHB INVESTMENT BANK BERHAD  
Company Name
:
RCE CAPITAL BERHAD
Stock Name
:
RCECAP  
Date Announced
:
25/03/2008  


Type
:
Announcement
Subject
:
RCE CAPITAL BERHAD ("RCE")
Proposed private placement of up to 64,633,700 new ordinary shares of RM0.10 each in RCE ("Placement Shares"), representing approximately up to 10% of the existing issued and paid-up share capital of RCE ("Placement")

Contents
:
Further to the announcement on 26 February 2008 in respect of the Placement, on behalf of RCE, RHB Investment Bank Berhad is pleased to announce that the Board of Directors of RCE has fixed the issue price of the Placement Shares at RM0.455 per Placement Share, which represents a discount of approximately 10% based on the 5-day weighted average market price of RCE's ordinary shares of RM0.10 each up to 24 March 2008 of RM0.505.

This announcement is dated 25 March 2008.

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