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

Further to our announcement dated 2 May 2002 in relation to the Proposed Bonds Issue by Ikatan Perkasa Sdn Bhd, a wholly owned subsidiary of Landmarks Berhad ("Landmarks"), Landmarks is pleased to announce that Ikatan Perkasa Sdn Bhd has successfully completed the Proposed Bonds Issue by issuing the Proposed Bonds to Malaysian International Merchant Bankers Berhad as sole Primary Subscriber on 24 May 2002.