Contents :

We refer to the letter from Malaysia Securities Exchange Berhad ("MSEB") to Sime Darby Berhad ("Sime Darby" or "the Company") dated 20th January 2004 and the news article appearing in page 1 in the Business Times section of The New Straits Times on Tuesday, 20th January 2004, which states that Sime Darby is among the bidders for a A$630 million stake in Yallourn Energy, an Australian power plant owned by CLP Holdings Ltd.

Sime Darby wishes to inform MSEB that it has not submitted a bid for the stake in Yallourn Energy and is not involved in the current auction process being undertaken by CLP Holdings Ltd.

This announcement is dated 26th January 2004.

Query Letter Contents :

We refer to the above news article appearing in the New Straits Times, Business
Times section, page 1, on Tuesday, 20 January 2004, 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:-
" ... Sime Darby Bhd are among bidders for a A$630 million (A$1 = RM2.91) stake
in Yallourn Energy, an Australian power plant owned by CLP Holdings Ltd ... "
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,
major shareholders and all such other persons reasonably familiar with the
matter 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

LISA LAM
Sector Head
Issues & Listing
Group Regulations
LL/GTH
c.c. Securities Commission (via fax)