General Announcement
Reference No OS-061129-42473

Submitting Merchant Bank : OSK SECURITIES BERHAD
Company Name : KOTRA INDUSTRIES BERHAD (MESDAQ Market)
Stock Name : KOTRA  
Date Announced : 29/11/2006


Type : Announcement
Subject : KOTRA INDUSTRIES BERHAD ("KOTRA" OR THE "COMPANY")

(A) PROPOSED BONUS ISSUE OF UP TO 80,988,272 SHARES OF RM0.50 EACH IN KOTRA ("BONUS SHARES") ON THE BASIS OF SIX (6) BONUS SHARES FOR EVERY FIVE (5) SHARES HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER;

(B) PROPOSED TRANSFER OF THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF KOTRA FROM THE MESDAQ MARKET TO THE MAIN BOARD OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES");

(C) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF KOTRA FROM RM50,000,000 COMPRISING 100,000,000 SHARES TO RM100,000,000 COMPRISING 200,000,000 SHARES; AND

(D) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF KOTRA.

(COLLECTIVELY KNOWN AS THE "PROPOSALS")

Contents :

We refer to our announcement dated 9 October 2006.

On behalf of the Board of Directors of KOTRA, OSK Securities Berhad wishes to announce that Bursa Malaysia Securities Berhad had, vide its letter dated 21 November 2006 (received on 23 November 2006), approved in-principle the listing and quotation of up to 80,988,272 Bonus Shares arising from the Proposed Bonus Issue.

An Extraordinary General Meeting will be convened on 28 December 2006 to obtain the shareholders' approval.

This announcement is dated 29 November 2006.