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| The Board of Directors of PacificMas wishes to inform Bursa Malaysia Securities Berhad that the Company proposes to amend its Articles of Association to: - |
| (i) delete all distinctions made between local and foreign shares and to remove all references to 'Prescribed Limit';
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| (ii) make a distinction between deposited and non deposited securities, and make consequential changes to all relevant provisions relating to transfer of shares, issuance of certificates and joint holders of shares; |
| (iii) amend all references to Kuala Lumpur Stock Exchange and Malaysian Central Depository Sdn Bhd to Bursa Malaysia Securities Berhad and Bursa Malaysia Depository Sdn Bhd respectively; and |
| (iv) effect some typographical amendments |
| (hereinafter referred to as "Proposed Amendments"). |
| The Board of Directors will seek the shareholders' approval on the Proposed Amendments under 'Special Business' at the forthcoming Annual General Meeting of the Company. |
| A circular containing details of the Proposed Amendments will be despatched to the shareholders in due course. |
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| This announcement is dated 26 May 2005. |
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