BP PLASTICS HOLDING BHD (“BPPLAS” OR “COMPANY”)
PROPOSED EXEMPTION UNDER PRACTICE NOTE 2.9.10 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 1998 (“CODE”) TO LG CAPITAL SDN BHD (“LGCAP”) AND PERSONS ACTING IN CONCERT (“PACS”) FROM THE OBLIGATION TO UNDERTAKE A MANDATORY OFFER FOR ALL THE REMAINING SHARES IN BPPLAS PURSUANT TO THE PROPOSED SHARE BUY-BACK ("PROPOSED EXEMPTION")

We refer to the announcements made in relation to the above.

Kenanga Investment Bank Berhad (“KIBB”), on behalf of the Board of Directors of BPPlas, is pleased to announce that the Securities Commission (“SC”) had, vide its letter dated 17 June 2008, approved the Proposed Exemption subject to the following conditions:-

(i) LGCap and PACs must at all times disclose to the SC all dealings in the securities of BPPlas made by LGCap
     and PACs in a 12 month period from the date of the granting of the Proposed Exemption; and

(ii) KIBB/ LGCap and PACs is required to inform the SC upon completion of the Proposed Share Buy-Back.

This announcement is dated 18 June 2008.