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| The Board of Directors of PacificMas Berhad wishes to announce that the Company proposes to amend its Articles of Association: |
| (a) |
to provide for Directors to participate in meetings of Directors and committees of the Directors by means of telephone conferencing, video conferencing, audio visual or other similar communications equipment; and |
| (b) |
to facilitate the approval of circular resolutions by Directors via electronic means (hereinafter referred to as "Proposed Amendments"). |
| The Board of Directors of the Company will seek the shareholders' approval on the Proposed Amendments under the Special Business at the forthcoming Annual General Meeting (AGM) of the Company. |
| The Notice of AGM containing details of the Proposed Amendments will be despatched to the shareholders in due course. |
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| This announcement is dated 17 March 2004. |
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