Article Entitled: "MMC-Gamuda Abide By Decision"

Dec 19, 2003
Date Announced
:
19/12/2003  

Type : Reply to query
Reply to Query Letter by KLSE reference ID : KM-031218-37683
Subject : ARTICLE ENTITLED: "MMC-Gamuda abide by decision"


Contents :

We refer to KLSE's query dated 18 December 2003 bearing reference KM-031218-37683.

We wish to inform the Exchange that whilst there have been numerous press reports regarding the Government's decision to postpone the Double Tracking Project, todate the Company has not received any official notification or communication from the Government regarding the status of the award of the said Project made to MMC-Gamuda Joint Venture vide the Government's Letter of Acceptance dated 21 October 2003. As such, we are unable to confirm our position with regards to the reported postponement by the Government.

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

This announcement is dated 19 December 2003.


c.c. Securities Commission




Query Letter content :
We refer to the above article appearing in The Edge, FinancialDaily, page 2 on
Thursday, 18 December 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:-

"...Gamuda Bhd said...the govenment's decision to postpone the RM14.45 billion
double-tracking electrification rail project."
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 above reported 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 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 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
Sector Head
Issues & Listing
CKM Copy to : Securities Commission (via fax)