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| The Board of Directors of PacificMas Berhad wishes to announce that the Company proposes to amend its Articles of Association as follows:- |
| (a) Article 85A to be amended to bring it in line with the provisions of Section 149 of the Companies Act, 1965 which stipulates that unless the company's articles of association otherwise provide, a member shall not be entitled to appoint more than two proxies to attend and vote at the same meeting; and |
| (b) Article 134 to be amended to provide for the issuance of financial statements in CD-ROM or in such other form of electronic media, if deemed appropriate |
| (hereinafter referred to as "Proposed Amendments"). |
| The Board of Directors of the Company will seek shareholders' approval on the Proposed Amendments under Special Business at the forthcoming Annual General Meeting (AGM) of the Company. |
| The Notice of AGM containing details of the Proposed Amendments will be despatched to the shareholders in due course. |
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| This announcement is dated 23 March 2007. |
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