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| We refer to our announcements dated 26 May 2005 and 22 June 2005 in relation to the Merger of Local and Foreign Shares. |
| On behalf of the Board of Directors of PacificMas, AmMerchant Bank Berhad (a member of AmInvestment Group) wishes to announce that the effective date on which PacificMas' Foreign Shares will be merged with its Local Shares has been fixed on Wednesday, 5 October 2005 ("Effective Date"). |
| On the Effective Date, the entire issued and paid-up share capital of PacificMas will be quoted under the local counter 'PACMAS' on the Main Board of Bursa Securities and the Company's foreign counter, 'PACMAS-O1', will be removed from the Official List of Bursa Securities. A notice of transfer will be despatched to the holders of the Foreign Shares within five (5) market days from the Effective Date. |
| The reference opening price of the merged Local and Foreign Shares will be the last closing price of the Local Shares on the market day immediately prior to the Effective Date or any other price as may be determined by Bursa Securities. However, Foreign Shares will remain recorded as 'Foreign' in the Central Depository System (CDS) accounts until such time when they are transferred to Local Shares within five (5) market days from the Effective Date. During this period, trading of all PacificMas shares will be uninterrupted and will be carried out under the Local counter. |
| Shareholders are advised to refer to the Circular to shareholders dated 6 June 2005 for further information pertaining to the Merger of Local and Foreign Shares. |
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| This announcement is dated 16 September 2005. |
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