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Kuala Lumpur Kepong (KLK)

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Monday 22 November, 2004

Kuala Lumpur Kepong

Final Results

Kuala Lumpur Kepong Berhad
22 November 2004



                           KUALA LUMPUR KEPONG BERHAD
                                   (15043-V)
                           (Incorporated in Malaysia)

                    Condensed Consolidated Income Statement
                      For the year ended 30 September 2004
                      (The figures have not been audited.)

                         Individual Quarter           Cumulative Quarter
                            -------------                --------------
                           3 months ended               12 months ended
                            30 September                 30 September
                            --------------               ---------------
                                                     
                          2004          2003            2004              2003
                       RM'000         RM'000          RM'000            RM'000
                                   (Restated)                        (Restated)

Revenue                978,468       907,350       3,883,483         3,473,531
Operating expenses    (866,180)     (819,480)     (3,372,134)       (3,014,485)
Other operating
income                  23,516        11,372          56,384            23,510
                         -------      --------        --------          --------
Operating profit       135,804        99,242         567,733           482,556
Finance cost            (1,303)       (1,497)         (5,686)           (5,615)
Share of results of
associated companies    18,144        46,520          47,913            78,560
                         -------      --------        --------          --------
Profit before
taxation               152,645       144,265         609,960           555,501
Tax expense            (39,893)      (48,737)       (159,889)         (156,484)
                         -------      --------        --------          --------
Profit after
taxation               112,752        95,528         450,071           399,017
Minority interests      (5,657)       (5,137)        (19,822)          (17,739)
                         -------      --------        --------          --------
Net profit for the
period                 107,095        90,391         430,249           381,278
                         =======      ========        ========          ========

                           Sen           Sen             Sen               Sen

Earnings per share -
Basic                    15.08         12.73           60.60             53.70
                         =======      ========        ========          ========

- Diluted                  N/A           N/A             N/A               N/A
                         =======      ========        ========          ========

N/A - Not applicable




The Condensed Consolidated Income Statement should be read in conjunction with
the Annual Financial Report for the year ended 30 September 2003.

                           KUALA LUMPUR KEPONG BERHAD
                                   (15043-V)
                           (Incorporated in Malaysia)

                      Condensed Consolidated Balance Sheet
                            As at 30 September 2004
                      (The figures have not been audited.)
                                                   ---------          ---------
                                               30 September       30 September
                                                       2004               2003
                                                    ---------          ---------
                                                     RM'000             RM'000
                                                                    (Restated)
Property, plant and equipment                     2,352,652          2,273,656
Property development costs                          194,389             54,652
Associated companies                                493,443            497,020
Other investments                                    94,579             82,473
Deferred tax assets                                   5,176              9,490
Intangible assets                                    19,060             18,837
Goodwill on consolidation                            60,369             60,369
                                                    ---------          ---------
                                                  3,219,668          2,996,497
Current assets
                                                    ---------          ---------
Inventories                                         511,975            478,133
Trade and other receivables                         507,965            425,571
Property development costs                           20,489             17,696
Cash and cash equivalents                           636,264            606,545
                                                    ---------          ---------
                                                  1,676,693          1,527,945
                                                    ---------          ---------
Current liabilities
Trade and other payables                            332,023            277,368
Taxation                                             50,340             38,197
Borrowings                                          130,085            139,098
Finance leases                                          178                260
                                                    ---------          ---------
                                                    512,626            454,923
                                                    ---------          ---------
Net current assets                                1,164,067          1,073,022
                                                    ---------          ---------
                                                  4,383,735          4,069,519
                                                    =========          =========

Share capital                                       712,516            712,516
Reserves                                          3,322,593          3,051,452
                                                    ---------          ---------
                                                  4,035,109          3,763,968
Less: Cost of treasury shares                       (13,447)           (13,447)
                                                    ---------          ---------
Shareholders' equity                              4,021,662          3,750,521
Minority interests                                  137,894            125,078
Long term and deferred liabilities
                                                    ---------          ---------
Deferred tax liabilities                            158,662            135,876
Provision for retirement benefits                    40,456             38,739
Finance leases                                          212                367
Borrowings                                           24,849             18,938
                                                    ---------          ---------
                                                    224,179            193,920
                                                    ---------          ---------
                                                  4,383,735          4,069,519
                                                    =========          =========

Net tangible assets per share (RM)                      5.55              5.17



The Condensed Consolidated Balance Sheet should be read in conjunction with the
Annual Financial Report for the year ended 30 September 2003.

                           KUALA LUMPUR KEPONG BERHAD
                                   (15043-V)
                           (Incorporated in Malaysia)

             Condensed Consolidated Statement of Changes in Equity
                      For the year ended 30 September 2004
                      (The figures have not been audited.)


                   Share    Capital    Revaluation    Capital      Exchange     General    Revenue  Treasury  Total
                   capital  reserve    reserve        redemption   fluctuation  reserve    reserve  shares
                                                      reserve      reserve 
                                                   
                   RM'000   RM'000       RM'000         RM'000      RM'000        RM'000     RM'000   RM'000    RM'000

At 1
October
2003 as
previously       712,516    1,158,255     49,745         11,735    97,626         14,337    1,745,064 (13,447)3,775,831
stated

Effect of
adopting
MASB                   -           -           -              -        -               -     (25,310)      -   (25,310)
29                

As               712,516    1,158,255     49,745         11,735    97,626         14,337   1,719,754  (13,447)3,750,521
restated

Net
(loss)/
gain
not
recognised             -         (41)         -           3,132   (1,269)             -     (21,206)       -   (19,384)
in the
income
statement

Net profit
for                   -            -          -               -       -               -      430,249       -    430,249
the year

Dividends             -            -          -               -       -               -     (139,724)      -   (139,724)
paid

Transfer
from
revenue
reserve to
capital              -        36,958          -              -       -                -     (36,958)       -          -
reserve            

At 30
September        712,516   1,195,172      49,745         14,867    96,357         14,337   1,952,115 (13,447) 4,021,662
2004              

At 1
October
2002 as
previously       712,516   1,155,919      53,345         10,385    43,604         14,337   1,515,329 (13,447)  3,491,988
stated

Effect of
adopting
MASB                   -          -      (3,600)              -       139             -     (63,959)       -   (67,420)
25

Effect of
adopting
MASB                  -          -           -               -          -             -     (11,900)       -   (11,900)
29                 

As               712,516   1,155,919     49,745          10,385    43,743         14,337   1,439,470 (13,447) 3,412,668
restated
Net gain
not
recognised
in                    -            2         -            1,350    53,883              -     3,577         -     58,812
the income
statement

Net profit
for
the period           -            -          -                -        -               -   381,278         -    381,278
- restated

Dividends            -            -          -                -        -               -  (102,237)        -   (102,237)
paid

Transfer
from
revenue
reserve to
capital             -         2,334         -                -        -               -    (2,334)        -           -
reserve            

At 30
September
2003           712,516    1,158,255     49,745          11,735    97,626         14,337  1,719,754   13,447)   3,750,521
- restated         


The Condensed Consolidated Statement of Changes in Equity should be read in
conjunction with the Annual Financial Report for the year ended 30 September
2003.

                           KUALA LUMPUR KEPONG BERHAD
                                   (15043-V)
                           (Incorporated in Malaysia)

                   Condensed Consolidated Cash Flow Statement
                      For the year ended 30 September 2004
                      (The figures have not been audited.)
                                                  ---------           ---------
                                              12 months ended     12 months ended
                                             30 September 2004   30 September 2003
                                                  ---------           ---------
                                                  RM'000              RM'000
                                                                    (Restated)
Cash Flows from Operating Activities
Profit before taxation                            609,960             555,501
Adjustment for non-cash flow :-
Non-cash items                                     60,895              47,645
Non-operating items                               (19,628)            (16,032)
                                                  ---------           ---------
Operating profit before working
capital changes                                   651,227             587,114
Working capital changes :-
Net change in current assets                      (64,360)            (90,881)
Net change in current liabilities                  88,971              17,224
                                                  ---------           ---------
Cash generated from operations                    675,838             513,457
Interest paid                                      (5,655)             (5,536)
Tax paid                                         (126,048)            (75,057)
Retirement benefit paid                            (3,554)             (1,585)
                                                  ---------           ---------
Net cash generated from operating
activities                                        540,581             431,279
                                                  =========           =========

Cash Flow from Investing Activities
Equity investments                                 13,076              27,280
Other investments                                (366,843)           (174,809)
                                                  ---------           ---------
Net cash used in investing activities            (353,767)           (147,529)
                                                  =========           =========

Cash Flow from Financing Activities
Bank borrowings                                    (9,608)             30,311
Transactions with owners as owners               (139,724)           (108,575)
Dividends paid to minority
shareholders                                       (9,038)                  -
Issue of shares to minority
shareholder                                         3,799                   -
                                                  ---------           ---------
Net cash used in financing activities            (154,571)            (78,264)
                                                  =========           =========

Net increase in cash and cash
equivalents                                        32,243             205,486
Cash and cash equivalents at 1 October            581,962             383,536
                                                  ---------           ---------
                                                  614,205             589,022
Foreign exchange difference on opening
balance                                            (2,944)             (7,060)
                                                  ---------           ---------
Cash and cash equivalents at 30
September                                         611,261             581,962
                                                  =========           =========





The Condensed Consolidated Cash Flow Statement should be read in conjunction
with the Annual Financial Report for the year ended 30 September 2003.

                           KUALA LUMPUR KEPONG BERHAD
                                   (15043-V)
                           (Incorporated in Malaysia)

                       Notes to Interim Financial Report

A     Explanatory Notes as required by MASB 26

A1.   Accounting Policies
      The interim financial report is unaudited and has been prepared in
      compliance with Malaysian Accounting Standards Board ('MASB') 26 - Interim
      Financial Reporting.

The accounting policies and methods of computation adopted by the Group in this interim
financial report are consistent with those adopted in the financial statements for the
year ended 30 September 2003 except for the adoption of the following new approved
accounting standards :-

(a) MASB 29 - Employee Benefits; and

(b) MASB 32 - Property Development Activities

The comparative figures have been restated in accordance with the requirements of these
new accounting standards and are summarised below :-

                                         30 September 2003
                                       
                      As Previously Stated       Effect of Adopting New MASBs  As Restated
                   
                           RM'000                             RM'000            RM'000
Consolidated
Income
Statement
Operating
expenses                3,001,075                             13,410         3,014,485
Profit
before                    568,911                            (13,410)          555,501
taxation
Net profit
for                       394,688                            (13,410)          381,278
the period                

Consolidated
Balance
Sheet
Trade and
other
receivables               419,981                              5,590           425,571
Property
development
costs                      23,286                             (5,590)           17,696
Reserves                3,076,762                            (25,310)        3,051,452
Provision
for
retirement                 13,429                             25,310            38,739
benefits                  

                              Sen                                Sen               Sen
Earnings per
share                       55.59                              (1.89)            53.70
                          

                               RM                                 RM                RM
Net tangible
assets per
share                        5.21                              (0.04)             5.17
                          

  The adoption of the new accounting standards does not have any material impact
  on the results of the Group for the financial year ended 30 September 2004.

A2.   Audit Report
      The audit report for the financial year ended 30 September 2003 was not
      subject to any qualifications.
A3.   Seasonal and Cyclical Factors
      The Group's plantation operations are affected by seasonal crop
      production, weather conditions and fluctuating commodity prices. The
      business of its retailing sector is subject to seasonal sales.
A4.   Unusual Items
      There were no items affecting the assets, liabilities, equity, net income,
      or cash flows that are unusual because of their nature, size, or
      incidence.

A5.   Changes in Estimates
      There were no significant changes in the amount of estimates reported in
      prior interim periods or prior financial years that have a material effect
      in the current interim period.

A6.   Issuance or Repayment of Debts and Equity Securities
      There were no issuance and repayment of debts and equity securities, share
      buy-backs, share cancellation, shares held as treasury shares or resale of
      treasury shares for the current financial year to-date.

A7.   Dividends Paid
                                                       12 months ended 30 September
                                                               
                                                             2004              2003
                                                           RM'000            RM'000
      Final paid                                           46,007            46,007
      2003 - 9 sen per share less tax
      (2002 - 9 sen per share less tax)
      Special paid                                         51,118            25,559
      2003 - 10 sen per share less tax
      (2002 - 5 sen per share less tax)
                                                            -------          --------
      Interim paid                                         42,599            30,671
      2004 - 6 sen tax exempt
      (2003 - 6 sen per share less tax)
                                                            -------          --------
                                                          139,724           102,237
                                                            =======          ========

A8.   Segment Information
      Segment information is presented in respect of the Group's business
      segments.
      Inter-segment pricing is determined based on current market prices.

                                    12 months ended 30 September
                                     
                               Revenue                   Profit before tax
                            
                           2004            2003          2004             2003
                          RM'000         RM'000        RM'000           RM'000
                                                                      (Restated)
Plantation            1,726,290       1,511,573       441,141          356,575
Manufacturing         1,462,562       1,285,564        76,856           84,628
Retailing               715,702         672,074        11,893           18,831
Property development     44,506          42,893        10,396            8,759
Investment holding      307,383         163,200        25,314           21,647
Others                   23,487          16,188           441              483
                         --------        --------       -------         --------
                      4,279,930       3,691,492       566,041          490,923
Inter-segment          (396,447)       (217,961)            -                -
elimination              --------        --------       -------         --------
                      3,883,483       3,473,531       566,041          490,923
                         ========        ========
Corporate                                               1,692           (8,367)
                                                        -------         --------
                                                      567,733          482,556
Finance cost                                           (5,686)          (5,615)
Share of results of
associated companies                                   47,913           78,560
                                                        -------         --------
                                                      609,960          555,501
                                                        =======         ========

A9.   Valuations of Property, Plant and Equipment
      The valuations of land and plantation development have been brought
      forward without amendment from the previous financial statement.

A10.   Events Subsequent to Balance Sheet Date
       (a) On 29 October 2004, Ablington Holdings Sdn Bhd ('the Purchaser'), the
           wholly-owned subsidiary, acquired from Kuda Sejati Sdn Bhd ('the
           Vendor') a 15.39% equity stake, comprising 17,600,000 ordinary shares
           of RM1.00 each in Ladang Perbadanan-Fima Berhad ('LPF') for a total
           cash consideration of RM50,160,000 or RM2.85 per share.

           The transaction was completed via a Direct-Business Transaction in
           accordance with the rules and regulations of Bursa Malaysia
           Securities Berhad.

           Following the completion of the transaction, the Vendor and the
           Purchaser entered into a Call and Put Agreement ('the Option
           Agreement'). The Call and Put Options therein are exercisable in
           respect of a maximum of 17,600,000 and a minimum of 11,543,860
           ordinary shares in LPF ('the Option Shares'), at the Option Price of
           RM2.85 per share. The call and Put Options are exercisable by either
           Party by service of an Option Notice, but only in the event of
           termination of the Sale and Purchase Agreement dated 6 August 2004
           between Kumpulan Fima Berhad ('KFB') and Glamour Green Sdn Bhd in
           respect of KFB's entire shareholding of 26,496,000 ordinary shares in
           LPF ('Option Exercise Event').

           The Call and Put Options are valid for 90 days from the date of the
           Option Agreement and if exercised on the happening of the Option
           Exercise Event, the Option Shares will be sold seven days from the
           Option Notice.

           The transaction does not have any effect on the share capital and
           shareholding structure of the Company. Further, it does not have any
           material effect on the net tangible assets and earnings of the Group
           for the current financial year ending 30 September 2005.

       (b) KLK (Mauritius) International Ltd, a wholly-owned subsidiary, had on
           20 November 2004 entered into a conditional agreement to acquire from
           Abraham Adiasa, a 75% equity stake equivalent to 300 ordinary shares
           of Rp500,000/- each in PT Hutan Hijau Mas ('PTHHM'), a company
           established in the Republic of Indonesia, for a cash consideration of
           USD1,500,000/-.

           PTHHM holds a Certificate of Izin Lokasi for 20,000 hectares of land
           located in Berau, East Kalimantan, Republic of Indonesia ('the
           Land'). PTHHM intends to develop the Land into oil palm plantations
           in due course.

           The proposed acquisition is conditional on the fulfillment of various
           conditions, amongst which is the approval of the Indonesian
           Investment Co-ordinating Board for the conversion of PTHHM into a
           foreign investment company, before 30 September 2005 or such other
           later date determined by the Company.

           The proposed acquisition will not have any effect on the share
           capital and shareholding structure of the Company and it will not
           have any material effect on the net tangible assets and earnings of
           the Group for the current financial year ending 30 September 2005.



A11.   Changes in the Composition of the Group
       There were no changes in the composition of the Group arising from
       business combinations, acquisition or disposal of subsidiary companies
       and long term investments, restructurings and discontinued operations for
       the current quarter under review.

A12.   Changes in Contingent Liabilities and Contingent Assets
       There were no contingent liabilities or contingent assets since the last
       annual balance sheet date.

B     Explanatory Notes as required by the BMSB Revised Listing Requirements
      ------------------------------------------------------------------------

B1.   Review of Performance
      The Group's pre-tax for the 4th quarter under review increased 5.8% to
      RM152.6 million as compared to the previous year's same quarter's results
      as restated. Despite the substantial reduction in contribution from the
      Group's major associate, Yule Catto & Co plc, coupled together with an
      allowance for diminution in value of another associate, Pearl River Tyre
      (Holdings) Ltd, the sharp rise in plantation profits owing to better
      commodity prices has attributed to the current quarter's favourable
      results.

  For the year ended 30 September 2004, the pre-tax profit of the Group
  increased 9.8% to RM609.96 million in comparison to that of last year. The
  improved results came from the surge in plantation profits which benefitted
  from buoyant commodity prices and higher crop production. The profit
  contributions from the manufacturing sector's oleochemical division however
  decreased, being affected by rising raw material costs. On the performance of
  its associated companies, the Group's share of profits from its major
  associate, Yule Catto & Co plc, had reduced substantially and an allowance was
  made for the diminution in value of another associate, Pearl River Tyre
  (Holdings) Ltd, arising from the decline in market value.

B2.   Variation of Results to Preceding Quarter
      For the 4th quarter, the Group's profit before taxation was 17.6% higher
      at RM152.6 million when compared to the profit of the previous quarter.
      The current quarter's increased profit was due to improved results from
      the plantation, manufacturing and retailing sectors notwithstanding an
      allowance made for diminution in value of an associate.

B3   Current Year Prospects
     At current palm product prices, plantation profit for the current financial
     year ending 30 September 2005 is anticipated to be lower despite expected
     higher FFB production. However, the Group's results should be compensated
     by better earnings expected from the manufacturing sector. In view of this,
     the Directors are of the opinion that the Group's profit for the current
     financial year ending 30 September 2005 will not be materially different
     from that of the preceding year.

B4.   Profit Forecast and Profit Guarantee
      The Group did not issue any profit forecast or profit guarantee during the
      current financial year to-date.
B5.   Tax Expense
                                 Individual Quarter       Cumulative Quarter
                                     ------------             ------------
                                   3 months ended           12 months ended
                                    30 September             30 September
                                     -------------            -------------
                                          ---              ------- ---   -------
                                   2004         2003        2004          2003
                                 RM'000       RM'000     RM'000        RM'000

      Malaysian taxation         26,810       21,048      89,795        76,254
      Overseas taxation           3,340        4,688      25,130        17,689
      Transfer to deferred        1,964        6,130      27,642        24,227
      taxation                     ------       ------      ------        ------
                                 32,114       31,866     142,567       118,170
      (Over)/Under provision in  (1,541)          31      (5,074)        6,735
      respect of previous          ------       ------     -------       -------
      years
                                 30,573       31,897     137,493       124,905
      Share of associated         9,320       16,840      22,396        31,579
      companies' taxation          ------       ------     -------       -------
                                 39,893       48,737     159,889       156,484
                                   ======       ======     =======       =======

  The effective tax rates for the current quarter and year to-date are lower
  than the statutory tax rate due principally to the non-taxable income and
  availability of tax incentives.

B6.   Sale of Unquoted Investments and Properties
      (a) There was no sale of unquoted investments during the financial quarter
          ended 30 September 2004 (30 September 2003 : Nil).

(b)   Sale of properties             Individual Quarter     Cumulative Quarter
                                         ------------           ------------
                                        -------------          -------------
                                       3 months ended        12 months ended
                                        30 September           30 September
                                        -------------          -------------
                                       2004        2003       2004        2003
                                     RM'000     RM'000      RM'000     RM'000
                                     =======     ======     =======     ======
                                     =======     ======     =======      ======
      Surplus arising from            1,247         (15)    12,033       3,044
      government
      acquisitions of land
                                      =======      ======    =======      ======

      Surplus on sale of land        10,021           3     10,307         545
                                      =======      ======    =======      ======

B7.   Quoted Securities
      (a) Purchases and sales of quoted securities other than securities in
          existing subsidiaries for the current quarter and financial year
          to-date :-
                                   Individual Quarter      Cumulative Quarter
                                       ------------            ------------
                                     3 months ended          12 months ended
                                      30 September            30 September
                                       -------------           -------------
                                            
                                     2004         2003       2004         2003
                                   RM'000       RM'000     RM'000       RM'000

          Purchases of quoted       4,434        6,078     31,769       28,687
          securities                 ======      ======     ======       ======

          Sales proceeds of quoted  2,845       12,450     25,219       22,493
          securities                 ======      ======     ======       ======

          (Loss)/Surplus on sales    (738)       2,762      5,316        3,993
          of quoted securities       ======      ======     ======       ======




  (b) Investments in quoted securities other than securities in existing
      subsidiaries as at end of the reporting period were as follows :-
                                              ---------           ---------
                                            30 September     30 September 2003
                                                    2004
                                            
                                                  RM'000                RM'000
      At cost
      Associated companies                       156,322               156,322
      Other investments                           90,926                81,802
                                                 ---------             ---------
                                                 247,248               238,124
                                                 =========             =========
      At carrying value less
      allowance
      Associated companies                       383,762               419,552
      Other investments                           89,555                77,759
                                                 ---------             ---------
                                                 473,317               497,311
                                                 =========             =========
      At market value
      Associated companies                       559,873               581,260
      Other investments                          115,748                92,091
                                                 ---------             ---------
                                                 675,621               673,351
                                                 =========             =========

B8.   Status of Corporate Proposals Announced
      There were no corporate proposals announced but not completed at the date
      of this report.

B9.   Group Borrowings
      As at the end of the reporting period, the Group's borrowings were as
      follows :-

                                 30 September 2004                            30 September 2003
                                 Amount in Foreign Currency                   Amount in Foreign Currency
                                  
                    RM'000       '000                            RM'000       '000
(a) Repayable
    within 12
    months :-
    (i) Term
        Loans
        - Secured   56,379       GBP8,244                        48,940       GBP7,732
                     1,689       CAD565                           1,456       CAD517
                     5,204       HKD10,688                        6,684       HKD13,615
                     4,767       AUD1,750                         5,152       AUD2,000
                         -                                       24,743       USD6,500
                    --------                                      -------
                    68,039                                       86,975
       - Unsecured  23,043       Rmb50,203                       27,540       Rmb60,000
           
                    91,082                                      114,515
                    ========                                      =======

(ii)  Bank
      Overdraft
      - Secured    12,317       USD3,243                         5,216       USD1,370
                    4,999       GBP731                           4,120       GBP651
                    4,794       CAD1,602                        11,134       CAD3,962
                        -                                          886       HKD1,806
                    -------                                      -------
                   22,110                                       21,356
     - Unsecured    2,893       GBP423                           3,227       GBP510
           
                   25,003                                       24,583
                   =======                                      =======

                             30 September 2004                            30 September 2003
                             Amount in Foreign Currency                   Amount in Foreign Currency
                                          
                   RM'000      '000                            RM'000        '000
(iii) Short Term
      Borrowing
      - Unsecured  14,000                                          -
                 ========                                      =======

Total
repayable
within 12
months           130,085                                      139,098
                ========                                      =======

(b)   Repayable 
      after 
      12 months :-
      Term Loans
      - Secured   1,580      CAD526                             1,374      CAD490
                 10,689    GBP1,564                            16,203    GBP2,560
                  1,183    HKD2,433                             1,361    HKD2,759
                                       
                 13,452                                        18,938
                =======                                        =======

- Unsecured      11,397   USD3,000                                  -
                =======                                         =======

Total repayable 
after 12 months  24,849                                        18,938
                =======                                         =======

B10.   Financial Instruments with Off Balance Sheet Risk
       The forward exchange contracts entered into by the Group as at 17
       November 2004 (being a date not earlier than 7 days from the date of this
       report) were as follows :-

                
                Currency   Contract   Equivalent   Mature within One Year       Mature in the Second Year
                            Amount      Amount
                
                           Million    RM million               RM million                  RM million

(a) Sale          GBP          13.0         89.3                     89.3                           -
    contracts
                  AUD           0.9          2.5                      2.5                           -
                  NZD           0.6          1.7                      1.7                           -
                  EURO          3.9         18.4                     18.4                           -
                  USD         248.7        946.0                    906.2                        39.8
                              =======    =========                =========                    ========

(b) Purchase      USD           2.6         10.6                     10.2                         0.4
    contracts
                  GBP           3.2         20.3                     14.8                         5.5
                              =======    =========                =========                    ========

  The contracts were entered into by the Group as hedges for committed sales and
  purchases denominated in foreign currencies. The hedging of the foreign
  currencies is to minimise the exposure of the Group to fluctuations in foreign
  exchange on receipts and payments.
 
 The transactions in foreign currencies which are hedged by forward foreign
  exchange contracts are recorded in the book at the contracted rates. Any gains
  or losses arising from forward contracts are recognised in the Income
  Statement upon maturity.

  There is minimal credit risk for the forward foreign exchange contracts
  because these contracts are entered into with licensed financial
  institutions.

B11.   Material Litigation
       There is no pending material litigation as at the date of this report.

B12.   Dividend
       (a) (i)   A final and special ordinary dividends have been recommended;

           (ii)  The amount per share :-
                 -------------------------
                 Final Dividend : 9 sen per share less 28% Malaysian income tax
                 ----------------------------------------------------------------
                 Special Dividend : 15 sen per share less 28% Malaysian income tax
                 -------------------------------------------------------------------
           (iii) The previous corresponding period :-

                 Final Dividend : 9 sen per share less 28% Malaysian income tax
                 Special Dividend : 10 sen per share less 28% Malaysian income tax
           (iv)  The date payable : 21 March 2005 to shareholders registered on the
                 Company's Register as at 24 February 2005;
           (v)   A Depositor with the Bursa Malaysia Depository shall qualify for
                 entitlement to the dividend only in respect of :-
                 (a) Shares deposited into the Depositor's securities account before
                     12.30 p.m. on 22 February 2005 in respect of shares which are
                     exempted from mandatory deposit;
                 (b) Shares transferred into the Depositor's securities account
                     before 4.00 p.m. on 24 February 2005 in respect of transfers;
                     and
                 (c) Shares bought on the Bursa Malaysia Securities Berhad on a cum
                     entitlement basis according to the Rules of the Bursa Malaysia
                     Securities Berhad.

      Registrable transfers received by the Company's Branch Registrar in United
      Kingdom on or before 24 February 2005 will be registered for entitlements
      to the dividend payment.

  (b) The total dividends for the current financial year are 6 sen per share tax
      exempt and 24 sen per share less 28% Malaysian income tax (2003 : 25 sen
      per share less 28% Malaysian income tax).

B13.   Earnings Per Share
       Basic earnings per share
       The earnings per share is calculated by dividing the net profit for the
       period by the weighted average number of shares of the Company in issue
       during the period.

                       Individual Quarter             Cumulative Quarter
                          ---------------                --------------
                         3 months ended                 12 months ended
                          30 September                   30 September
                         ----------------                ---------------
                                                      
                          2004          2003            2004              2003
                                     (Restated)                        (Restated)

(a) Net profit for     107,095        90,391         430,249           381,278
    the period         =======      ========         =======          ========
    (RM'000)

(b) Weighted       709,977,128   709,977,128     709,977,128       709,977,128
    average number     =======      ========         =======          ========
    of shares

(c) Earnings 
    per share (sen)      15.08         12.73          60.60              53.70
                       =======      ========        =======           ========

By Order of the Board
J. C. LIM
FAN CHEE KUM
Company Secretaries

22 November 2004




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