Article Entitled : "Gamuda, MMC Eyeing KTM Bhd"

Jun 24, 2003
Date Announced
:
24/06/2003  

Type : Reply to query
Reply to Query Letter by KLSE reference ID : KM-030623-39526
Subject : ARTICLE ENTITLED : "GAMUDA, MMC EYEING KTM BHD"


Contents :

We refer to KLSE’s query dated 23 June 2003 bearing reference KM-030623-39526 and in reply thereto, we wish to inform the Exchange that the Company together with Malaysia Mining Corporation Berhad has held preliminary discussions with the Federal Government regarding the possible privatisation of Keretapi Tanah Melayu Berhad.

The Company will make the appropriate announcement for immediate public release to the KLSE should there be further progress.

This announcement is dated 24 June 2003.




Query Letter content :
We refer to the above article appearing in The Sun, page 15 on Monday, 23 June
2003, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-

"A consortium led by Gamuda Bhd and Malaysia Mining Corp Bhd (MMC) is eyeing
KTM Bhd..."
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the aboveported article and in particular the underlined
sentence after due and diligent enquiry with all the directors, major
shareholders and all such other persons reasonably familiar with the matters
about which the disclosure is to be made in this respect. In the event you deny
the above sentence or any other part of the above reported article, you are
required to set forth facts sufficient to clarify any misleading aspects of the
same. In the event you confirm the above sentence or any other part of the
above reported article, you are required to set forth facts sufficient to
support the same.


Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully


INDERJIT SINGH
Senior Manager
Listing Operations
WSW/CKM
Copy to : Securities Commission (via fax)