[ANNOUNCEMENT] MASTEEL - NOTICE OF RIGHTS ENTITLEMENT

Company Name : MALAYSIA STEEL WORKS (KL) BHD
Stock Name : MASTEEL
Date Announced : 24/09/2010


RENOUNCEABLE RIGHTS ISSUE OF 105,378,333 FIVE (5)-YEAR WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY TW0 (2) EXISTING ORDINARY SHARES OF RM0.50 EACH IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) HELD AT 5.00 P.M. ON 4 OCTOBER 2010 AT AN ISSUE PRICE OF RM0.18 PER WARRANT (“WARRANTS ISSUE”).

Kindly be advised of the following :

1) The Rights commence of trading : [ 5 October 2010 ]

2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer :
[ 6 October 2010 ]

3) The last day and time for Acceptance, Renunciation and Payment :
[ 19 October 2010 @ 5:00pm ]

4) The Rights cease quotation : [ 12 October 2010 ]

The Stock Short Name, Number and ISIN Code [ MASTEEL-WR, 5098WR and MYL5098WR004 ] respectively.




RENOUNCEABLE RIGHTS ISSUE OF 105,378,333 FIVE (5)-YEAR WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY TW0 (2) EXISTING ORDINARY SHARES OF RM0.50 EACH IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) HELD AT 5.00 P.M. ON 4 OCTOBER 2010 AT AN ISSUE PRICE OF RM0.18 PER WARRANT (“WARRANTS ISSUE”).

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex - Rights Issue" ]
as from : [ 30 September 2010 ]

2) The last date of lodgement : [ 4 October 2010 ]

3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

a) Selling Broker to deduct [ 1/3 ] , of the Selling Price against the Selling Client.

b) Buying Broker to deduct [ 10% ] of the Purchase Price against the Buying Client.

c) Between Broker and Broker, the deduction of [ 1/3 ] of the Transacted Price is applicable.