General Announcement
Reference No C&-061020-44874

Company Name : KOTRA INDUSTRIES BERHAD (MESDAQ Market)
Stock Name : KOTRA  
Date Announced : 28/11/2006


Type : Announcement
Subject : KOTRA INDUSTRIES BERHAD
A) PROPOSED RENEWAL OF THE EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS ("PROPOSED RENEWAL OF THE SHAREHOLDERS' MANDATE"); AND
B) PROPOSED NEW SHAREHOLDERS' MANDATE FOR NEW RECURRENT RELATED PARTY TRANSACTIONS ("PROPOSED NEW SHAREHOLDERS' MANDATE")

Contents :

The Board of Directors of Kotra Industries Berhad (hereinafter referred to as "KOTRA") wishes to announce that the Company intends to seek shareholders' approval on the Proposed Renewal of the Shareholders' Mandate and the Proposed New Shareholders' Mandate at the forthcoming Annual General Meeting ("AGM") of the Company.

The purpose of the Proposed Renewal of the Shareholders' Mandate and the Proposed New Shareholders' Mandate is to seek shareholders' approval which will allow the Group to continue with existing Recurrent Related Party Transactions that was approved by the shareholders at the previous AGM of the Company on 22 November 2005 and enter into new Recurrent Related Party Transactions.

The circular to shareholders containing details of the Proposed Renewal of the Shareholders' Mandate and the Proposed New Shareholders' Mandate will be despatched together with the 2006 Annual Report of KOTRA in due course.