Proposed Issue Of RM185.0 Million Nominal Value Redeemable Secured Serial Bonds

Further to our announcements dated 10 September 2001 and 5 April 2002 respectively in relation to the Proposed Bonds Issue by Ikatan Perkasa Sdn Bhd, a wholly owned subsidiary, Landmarks Berhad is pleased to announce that Ikatan Perkasa Sdn Bhd has obtained Securities Commission's Approval on 30 April 2002 for the Proposed Bonds Issue.

The Proposed Bonds will be fully subscribed by the Primary Subscriber , Malaysian International Merchant Bankers Berhad and the Proposed Bonds Issue is expected to be completed by mid May 2002.