| Pursuant to Paragraph 10.08(1) of the Listing Requirements of Bursa Malaysia Securities Berhad, we wish to announce that the following related parties of PacificMas, have purchased/reinvested in the following unit trust funds managed by Pacific Mutual:- |
| Date of Transaction |
Nature of Transaction |
|
Name of Fund |
Value (RM) |
Price per unit (RM)
|
| 15 August 2007 |
Purchase |
Malaysian Trustees Berhad |
Pacific Dana Dividen |
500,000.00 |
0.5000 |
| 6 September 2007 |
Purchase |
Malaysian Trustees Berhad |
Pacific Cash Fund |
1,468,135.60 |
0.5169 |
| 12 October 2007 |
Reinvestment |
Malaysian Trustees Berhad |
Pacific Cash Fund |
42,604.05 |
0.5035 |
| 12 October 2007 |
Reinvestment |
United Malacca Berhad |
Pacific Cash Fund |
604,798.45 |
0.5035 |
|
| Pacific Mutual is a 85% owned subsidiary of PacificMas and its principal business activities are establishment and management of unit trust funds. |
| Malaysian Trustees Berhad is an associated company of PacificMas and is principally engaged in the business of trustee agent, executor and administrator pursuant to the Trust Companies Act, 1949. The principal business activities of United Malacca Berhad are cultivation of oil palm and investment holding. |
| 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:- |
| i) United Malacca Berhad is a substantial shareholder of PacificMas and Malaysian Trustees Berhad. |
| ii) Oversea-Chinese Banking Corporation Limited ("OCBC"), a substantial shareholder of PacificMas, has an indirect interest of 20% in Malaysian Trustees Berhad via its wholly-owned subsidiary, OCBC Bank ( Malaysia ) Berhad. |
| iii) Mr. Choi Siew Hong is a director of PacificMas, Pacific Mutual, Malaysian Trustees Berhad and United Malacca Berhad. He has a total interest of 0.12% in PacificMas and a total interest of 0.18% in United Malacca Berhad. He does not have any equity interest in Pacific Mutual and Malaysian Trustees Berhad. |
| iv) Y. Bhg. Datuk Fong Weng Phak is a director of Pacific Mutual and United Malacca Berhad. He does not have any equity interest in Pacific Mutual and United Malacca Berhad. |
| v) Mr. Wong Nang Jang is a director of PacificMas and OCBC. He has a total interest of 0.02% in OCBC and does not have any equity interest in PacificMas. |
| The aforesaid transactions are not subject to the approval of the shareholders of PacificMas and the relevant government authorities. |
| |
| This announcement is dated 16 October 2007. |
| |
