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

On behalf of the Board of Directors of BPPlas, Kenanga Investment Bank Berhad wishes to announce that the Securities Commission had, vide its letter dated 26 May 2008 (which was received on 27 May 2008), approved the appointment of OSK Investment Bank Berhad as the Independent Adviser to advise the non-interested shareholders of BPPlas in relation to the Proposed Exemption.

This announcement is dated 27 May 2008.