Contents :

•  
  The Board of Directors of AFFIN is pleased to announce that the Securities Commission had vide their letter dated 15 February 2006, approved the Programme.

•  
  The Programme will have a tenure of seven (7) years from the completion of all legal documentation and compliance of all relevant conditions precedent. The Programme has been accorded an indicative short term rating of P1(bg) and long term rating of AAA(bg) by Rating Agency Malaysia Berhad in respect of the RM200 million portion of the Programme which is guaranteed by DBS Bank Ltd, Labuan Branch.

•  
  Proceeds from the Programme will be utilized to repay the existing bank borrowings of AFFIN and to finance its general investments and working capital requirements.

•  
  The Programme will provide an avenue for AFFIN to procure funding from the capital market to meet the above purposes stated in the foregoing paragraph.

•  
  None of the directors, substantial shareholders and/or persons connected to the directors and/or substantial shareholders of AFFIN have any interest, direct or indirect, in the Programme.

•  
  The Programme will not have any effect on the issued and paid up capital, substantial shareholding structure and consolidated net tangible assets of AFFIN, and is not expected to have any material effect on the consolidated earnings of AFFIN.

•  
  The Principal Adviser, Lead Arranger and Facility Agent for the Programme is AFFIN Bank Berhad.