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Public Shareholding Spread

BackJun 06, 2008

Further to our announcement on 26 May 2008, Knusford Berhad (KB or the Company) wishes to inform that Bursa Malaysia Securities Bhd (Bursa Securities) has via its letter dated 5 June 2008 granted a further extension of time of 6 months from 16 May 2008 until 15 November 2008 to comply with the public shareholding spread requirement pursuant to paragraph 8.15(1) of the Listing Requirements.

The level of public shareholding spread of KB as at 30 May 2008 is as follow:

i. % of Public shareholdings : 39.46%
ii. Number of public shareholders holding not less than 100 shares : 677

The following steps taken or proposed to be taken by the Company to comply with paragraph 8.15 (1) of the Listing Requirements ("Rectification Plan") and the status of implementation includes the followings:

i. the Company will encourage employees to take up shares in the Company for long term investment purpose by enhancing communication with them, updating them on the Company’s performance and future prospects and providing such additional information as are within the permitted frameworks of the listing requirements;

ii. the Company will promote and create better awareness of the Company’s products by participating in investment related conference arranged by financial institutions, industry related trade fairs and expos to raise the Company’s profile, thereby encouraging prospective investors to take up shares in the Company;

iii. the Company will continue to advise those directors, substantial shareholders and/or their associates who are not selling down their shares to refrain from increasing their shareholding until the Company had regularize its public shareholding spread requirement.