KLSE General Announcement: TP-061016-41720

General Announcement
Reference No: TP-061016-41720

Company Name	:	PACIFICMAS BERHAD
Stock Name	:	PACMAS
Date Announced	:	16-10-2006

Type	:	Announcement
Subject	:	PACIFICMAS BERHAD ("the Company") - PURCHASE OF UNIT TRUSTS IN UNIT TRUST FUND MANAGED BY PACIFIC MUTUAL FUND BHD ("Pacific Mutual") BY UNITED MALACCA BERHAD, A RELATED PARTY
Contents	:

We wish to inform the Bursa Malaysia Securities Berhad that on 13 October 2006, United Malacca Berhad, a substantial shareholder of PacificMas Berhad, has purchased 19,904,458.60 units of Pacific Cash Fund at RM0.5024 per unit for a total cash consideration of RM10 million for investment purpose.

Pacific Cash Fund is a unit trust fund managed by Pacific Mutual Fund Bhd ("Pacific Mutual"), a subsidiary of PacificMas Berhad. The principal business activities of Pacific Mutual are establishment and management of unit trust funds. United Malacca Berhad is a substantial shareholder of PacificMas Berhad and its principal activities are cultivation of oil palm and investment holding.

None of the directors and substantial shareholders of PacificMas Berhad 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 United Malacca Berhad. He has a direct interest of 0.12% in the share capital of PacificMas Berhad and a direct interest of 0.17% in the share capital of United Malacca Berhad.

ii) Y. Bhg. Datuk Fong Weng Phak is a director of Pacific Mutual and United Malacca Berhad. He does not have any interest in the share capital of PacificMas Berhad, Pacific Mutual and United Malacca Berhad.

iii) United Malacca Berhad is a substantial shareholder of PacificMas Berhad.

The abovesaid transaction is not subject to the approval of the shareholders of PacificMas Berhad and the relevant government authorities.

This announcement is dated 16 October 2006.

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