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| We wish to inform the Bursa Malaysia Securities Berhad that PIB, a wholly-owned subsidiary of PacificMas, has redeemed and purchased unit trusts in unit trust funds managed by Pacific Mutual. The details of the transactions are as follows :- |
| REDEMPTION OF UNIT TRUST |
Date of Redemption |
Name of Fund |
Redemption value (RM) |
Price per unit (RM) |
Loss (RM) |
| 22 November 2006 |
Pacific Recovery Fund |
2,258,536.92 |
0.4640 |
151,537.86 |
|
| PURCHASE OF UNIT TRUST |
Date of Purchase |
Name of Fund |
Purchase value (RM) |
Price per unit (RM) |
| 23 November 2006 |
Pacific Cash Fund |
2,258,536.92 |
0.5043 |
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| Pacific Mutual is a subsidiary of PacificMas and its principal business activities are establishment and management of unit trust funds. The principal business activity of PIB is underwriting of general insurance business. The principal business activities of PacificMas are investment holding and provision of management services to companies within the Group. |
None of the directors and substantial shareholders of PacificMas and persons connected to such directors and substantial shareholders has any interest in the abovesaid transactions save for the following :-
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| a) Mr. Choi Siew Hong is a director of PacificMas, Pacific Mutual and PIB. Mr. Choi Siew Hong has a direct interest of 0.12% in the share capital of PacificMas. |
| b) Y. Bhg. Tan Sri Dato' Wong Kum Choon is a director of PacificMas and Pacific Mutual. He does not has any interest in the share capital of PacificMas and Pacific Mutual. |
| c) Koperasi Angkatan Tentera Malaysia is a substantial shareholder of PacificMas and Pacific Mutual. |
| The abovesaid transactions are not subject to the approval of the shareholders of PacificMas and the relevant government authorities. |
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| This announcement is dated 24 November 2006. |
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