The detailed feasibility study encompassing inter-alia, land usage, infrastructure requirements and soil investigation for the masterplan development of the land are currently in progress. Discussions with Dubai World are on-going pending the finalization of the detailed feasibility study.

We will make the appropriate announcement for immediate release to Bursa Malaysia Securities Berhad if there are any further developments in relation to the MOU.

This announcement is dated 22 May 2008.