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Public Shareholding Spread

BackMay 26, 2008
Further to our announcement on 13 May 2008, Knusford Berhad (KB or the Company) wishes to inform that based on the Record of Depositors as at 30 April 2008, the Company still does not comply with paragraph 8.15(1) of the Listing Requirements which states that a listed issuer should have at least 25% of its issued and paid-up capital in the hands of a minimum 1,000 public shareholders holding not less that 100 shares each. The extension of 6 months granted by Bursa Securities has expired on 15 May 2008.

The level of public shareholding spread of KB as at 30 April 2008 is as follows:

1. % of Public shareholding : 39.45%
2. Number of Public shareholders holding not less than 100 shares : 678


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:

1. the Company has advised the directors, substantial shareholders and/or person connected to them to refrain from increasing their shareholdings until the public shareholding spread is complied with;

2. the Company has and will continue to advise the Directors, substantial shareholders and/or person connected to them to sell down some of their shares in the Company; and

3. the Company is still seeking professional assistance to generate public awareness and interest and if necessary to place out some of the directors, substantial shareholders and/or person connected to them.


The Company had on 13 May 2008 applied for a further extension from Bursa Securities and is currently awaiting its reply.