Article Entitled : Landmarks Up 1.4% On Shareholder Change Rumour

We refer to your letter dated 20 May 2002 and to the article appearing in Bloomberg, on Monday, 20 May 2002.

We wish to inform the KLSE that after due and diligent enquiry, we are not aware of any changes or impending changes in our substantial shareholders. We would like to further highlight that the Company has not received any formal notification from the existing substantial shareholders with regard to their shareholdings though we note that a period of seven days is permitted before notification has to be given to the Company. We would like to also highlight that the Company has not received any formal notification from new substantial shareholders though we note that a period of seven days is permitted before notification has to be given to the Company.

Query Letter content :
We refer to the above article appearing in Bloomberg, on Monday, 20 May 2002, a copy of which is enclosed for your reference.In particular, we would like to draw your attention to the underlined sentence, which is reproduced as follows:-"...Landmarks actively traded on rumor of possible shareholder changes."In accordance with the Exchange's Corporate Disclosure Policy, you are requested to furnish the Exchange with an announcement for public release confirming or denying the above reported sentence after due and diligent enquiry with all the directors, major shareholders and all such other persons reasonably familiar with the matters about which the disclosure is to be made in this respect. In the event you deny the above reported sentence, you are required to set forth facts sufficient to clarify any misleading aspects of the same. In the event you confirm the above reported sentence, you are required to set forth facts sufficient to support the same.Please furnish the Exchange with your reply within one (1) market day from the date hereof.

Yours faithfully

INDERJIT SINGH
Senior Manager,
Listing Operations
WSW/THY
copy to: Securities Commission (via fax)