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Kuala Lumpur Kepong (KLK)


Friday 20 February, 2004

Kuala Lumpur Kepong

Sale of Company's Car

Kuala Lumpur Kepong Berhad
20 February 2004


Pursuant to Paragraphs 10.08 and 10.07 of the Listing Requirements of Malaysia
Securities Exchange Berhad ('MSEB'), Kuala Lumpur Kepong Berhad ('KLK') wishes
to announce the following related party transaction:


KLK will be disposing a Company's car to Dato' Lee Soon Hian, a past Executive
Director who retired as Director at the recent Annual General Meeting held on 18
February 2004 and did not seek re-election.

Dato' Lee, a Malaysian resident in Ipoh, aged 46, was appointed to the Board of
Directors of KLK in 1998.

Description of the Car

Details of the car to be disposed of are as follows:

Type of car                      Mercedes Benz E280(A) W210
Car no.                          AEB 2299
Date of purchase                 5 July 2000
Cost of acquisition              RM427,047
Net book value                   RM85,411

Rationale and Sale Consideration

The said Company's car was used by Dato' Lee during his tenure as an Executive
Director of the Company. The sale of the car at book value to Dato' Lee was
approved by the Board for his contribution to the Group's business. Arising from
Dato' Lee's retirement from the Board, the said car is surplus to the Company's

Terms of Payment

The sale consideration will be for cash.

Effects on the Company

The Disposal will not have any effect on the share capital of the Company nor
any material effect on the Net Tangible Assets and Earnings Per Share of the
Group based on KLK's audited financial statements as at 30 September 2003.

Directors' and Substantial Shareholders' Interests

The Disposal is a related party transaction but is considered not material.

The following Directors and major shareholders of KLK are interested in the

1. Dato' Lee Oi Hian and Dato' Lee Hau Hian who are Directors of KLK, are direct
shareholders and deemed major shareholders of KLK and are brothers of Dato' Lee
Soon Hian; and

2. By virtue of Section 6A of the Companies Act, 1965, the Wan Hin Investments
Sdn Bhd group of companies are deemed major shareholders of KLK. Dato' Lee Oi
Hian, Dato' Lee Hau Hian and Dato' Lee Soon Hian are major shareholders of Di-Yi
Sdn Bhd, High Quest Holdings Sdn Bhd and Elionai Sdn Bhd respectively, which in
turn are major shareholders of Wan Hin Investments Sdn Bhd and accordingly all
these parties are to be regarded as interested in the Disposal.

The abovementioned interested Directors have abstained from all Board
deliberations and approval of the Disposal.

Save as disclosed, none of the other KLK Directors or major shareholders of KLK
have any interest, direct or indirect, in the Disposal.

Shareholders' Approval

The Disposal does not fall within the class of transactions which requires
shareholders' approval at a General Meeting under the Listing Requirements of
MSEB and/or any other authorities.

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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