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| We wish to inform the Bursa Malaysia Securities Berhad that on 28 July 2005, PacificMas Fidelity Sdn Bhd, a wholly-owned subsidiary of PacificMas Berhad, has redeemed 4,069,627.85 units of Pacific Dana Murni at a total market value of RM2,156,495.80. Pacific Dana Murni is a unit trust fund managed by Pacific Mutual Fund Bhd ("Pacific Mutual"). PacificMas Fidelity Sdn Bhd has made a gain of RM156,495.80 from the said redemption. Please refer to the following table for the details of the said redemption. |
| Pacific Mutual is a subsidiary of PacificMas Berhad. The principal business activities of Pacific Mutual are establishment and management of unit trust funds and 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 transaction save for the following: - |
| i) |
Mr. Choi Siew Hong is a director of PacificMas Berhad, Pacific Mutual and PacificMas Fidelity Sdn Bhd. He has 0.12% interest 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 above transaction is not subject to the approval of the shareholders and the relevant government authorities. |
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| This announcement is dated 29 July 2005. |
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| Name of fund |
Price per unit (RM) |
Total consideration (RM) |
| Pacific Dana Murni |
0.5299 |
2,156,495.80 |
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