Received 10sen Dividend From TENAGA

Received 10 sen dividend from Tenaga. There was an announcement make by Tenaga to propose purchasing it own shares up to 10% of the issued and paid-up share capital. The Share Buy-Back will enable the Group to utilise its surplus financial resources to purchase the shares. The Share Buy-Back is expected to stabilise the supply and demand as well as the price of the Company Shares. The improvement in earnings per share (“EPS”), if any, arising from the Share Buy-Back is expected to benefit the shareholders of the Company. The purchased shares can be held as treasury shares and resold on Bursa Securities with the intention of realising a potential gain without affecting the total issued and paid-up share capital of the Company. If the treasury shares are distributed as share dividends, it will serve to reward the shareholders of the Company. Assuming that the Company purchases 433.35 million Shares representing approximately 10% of its share capital as at 31 March 2008 and such shares purchased are cancelled, the Proposed Share Buy-Back will result in the issued and fully-paid up share capital of the Company being reduced from RM4,333.53million comprising of 4,333.53 million Shares to RM3,900.18 million comprising 3,900.18 million Shares. The proposed Share Buy-Back will have no effect on the issued and paid-up capital of the Company if the shares purchased by the Company are held as treasury shares and are not cancelled. The effect of the Proposed Share Buy-Back on the EPS of the Group is dependent on the purchase price of the Shares and the effective funding cost or loss in interest income to the Company. Further, should the Company choose to retain any Shares purchased as treasury shares and subsequently resell the treasury shares on Bursa Securities, depending on the price at which the said Shares are re-sold, the Proposed Share Buy-Back may have a positive effect on the EPS of the Group if a gain on disposal is achieved. However, if a loss on disposal is realised, it may reduce the EPS of the Group.