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Date : 17 September 2007

Rights Issue

MALAYSIAN AIRLINE SYSTEM BERHAD

EX-date

27/09/2007
Entitlement date01/10/2007
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement descriptionRENOUNCEABLE RIGHTS ISSUE OF 417,747,955 NEW ORDINARY SHARES OF RM1.00 EACH IN MALAYSIAN AIRLINE SYSTEM BERHAD (“MAS” OR “COMPANY”) (“SHARES”) (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM2.70 EACH, PAYABLE IN FULL UPON ACCEPTANCE, AND 417,747,955 REDEEMABLE CONVERTIBLE PREFERENCE SHARES OF RM0.10 EACH IN MAS (“RCPS”) AT AN ISSUE PRICE OF RM1.00 EACH, PAYABLE IN FULL UPON ACCEPTANCE, ON THE BASIS OF ONE (1) RIGHTS SHARE AND ONE (1) RCPS FOR EVERY THREE (3) EXISTING SHARES HELD AT 5.00 P.M. ON 1 OCTOBER 2007 (“RIGHTS ISSUE”)
Period of interest payment to
Financial Year End
Share transfer book & register of members will be 01/10/2007 to 01/10/2007 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noSymphony Share Registrars Sdn Bhd
Level 26, Menara Multi Purpose
Capital Square
No. 8, Jalan Munshi Abdullah
50100 Kuala Lumpur
Tel No.: 03- 2721 2222
Fax No.: 03- 2721 2530
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers01/10/2007 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit27/09/2007 
c.Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)417747955 
Entitlement indicatorRatio
Ratio 1 : 3
Rights Issues/Offer Price 2.7

Remarks :
The number of new Shares and RCPS to be issued under the Rights Issue are 417,747,955 Rights Shares and 417,747,955 RCPS, respectively.

The issue price of the Rights Share is RM2.70 each and the issue price of the RCPS is RM1.00 each. The conversion price of the RCPS is RM4.05.

The underwriting agreement for the Rights Issue has been entered into between MAS and CIMB Investment Bank Berhad on 10 September 2007.


Announcement Info

Company NameMALAYSIAN AIRLINE SYSTEM BERHAD  
Stock Name MAS    
Date Announced17 Sept 2007  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-070917-42552