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| We wish to inform the Bursa Malaysia Securities Berhad of the following: |
| 1. |
REDEMPTION OF UNIT TRUSTS BY PACIFICMAS FIDELITY SDN BHD |
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On 11 March 2005, PacificMas Fidelity Sdn Bhd, a wholly-owned subsidiary of PacificMas Berhad, has redeemed units of unit trust funds managed by Pacific Mutual Fund Bhd ("Pacific Mutual"). Please refer to the following Table A for the details of the said redemption. |
| 2. |
PURCHASE OF UNIT TRUSTS BY PACIFICMAS FIDELITY SDN BHD |
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On 11 March 2005, PacificMas Fidelity Sdn Bhd purchased 3,274,723.48 units of Pacific Dividend Fund for investment purpose. Pacific Dividend Fund is a unit trust fund managed by Pacific Mutual. Please refer to the following Table B for details of the unit trusts purchased by PacificMas Fidelity Sdn Bhd. |
| Pacific Mutual is a subsidiary of PacificMas Berhad. The principal business activities of Pacific Mutual are establishment and management of unit trust funds. The principal business activity of PacificMas Fidelity Sdn Bhd is investment holding. |
| None of the directors and substantial shareholders of PacificMas Berhad and persons connected to such directors and substantial shareholders has any interest in the abovesaid transactions save for the following: |
| i) |
Mr. Choi Siew Hong is a director of PacificMas Berhad, Pacific Mutual and PacficMas Fidelity Sdn Bhd. Mr. Choi Siew Hong has a total interest of 0.12% in the share capital of PacificMas Berhad. |
| ii) |
Y. Bhg. Tan Sri Dato' Wong Kum Choon is a director of PacificMas Berhad and Pacific Mutual. He does not have any interest in the share capital of PacificMas Berhad and Pacific Mutual. |
| iii) |
Koperasi Angkatan Tentera Malaysia Berhad is a substantial shareholder of PacificMas Berhad and Pacific Mutual. |
| The abovesaid transactions are not subject to the approval of the shareholders and the relevant government authorities. |
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| This announcement is dated 14 March 2005. |
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| Table A - REDEMPTION OF UNIT TRUSTS BY PACIFICMAS FIDELITY SDN BHD |
| Name of fund |
Price per unit (RM) |
Redemption value (RM) |
Gain (RM) |
| Pacific Dana Aman |
0.5103 |
844,608.00 |
35,439.23 |
| Pacific Millennium Fund |
0.5523 |
851,043.82 |
59,368.44 |
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| Table B - PURCHASE OF UNIT TRUSTS BY PACIFICMAS FIDELITY SDN BHD |
| Name of fund |
Price per unit (RM) |
Total consideration (RM) |
| Pacific Dividend Fund |
0.5178 |
1,695,651.82 |
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