List of Properties

LIST OF PROPERTIES

@ 31 January 2004

Talam Corporation + Lot nos. 7073, 7207, 7208, 7410, 1.635 acres Bungalow lots sold on piecemeal basis 11.12.1986 Freehold N/A N/A 698 Berhad 7424, 7425, 7426, 7427, 7209, 7210 and 7211 all in Mukim of Setapak Talam Setia, Gombak, Selangor Darul Ehsan

+ Lot 174 Mukim Tanah Rata, Daerah 2.401 acres 2-storey bungalow 5.4.1972 60 years 23.4.2033 62 775 Cameron, Pahang Darul Makmur Leasehold

+ HS(D) 30066 to H.S(D) 30361 561 acres Bukit Sentosa III 29.10.1994 Freehold N/A N/A 174,951 PT 15683 to PT15978; Development in progress for industrial, HS(D) 33755 to H.S(D) 34750 residential and commercial development PT 15979 to PT16974; HS(D) 34751 to H.S(D) 35606 PT 16979 to PT17834; HS(D) 35619 to H.S(D) 35622 PT 16975 to PT16978; HS(D) 27836 to H.S(D) 27935 PT 13822 to PT13921; HS(D) 28193 to H.S(D) 29092 PT 13922 to PT14821; HS(D) 29189 to H.S(D) 30044 PT 14822 to PT15677. Mukim Serendah Daerah Hulu Selangor

G.L. Development + Lots 875 and 876 Bukit Baru Melaka 0.355 acres Vacant land 9.1.1982 Freehold N/A N/A 179 Sdn Bhd Daerah Tengah Melaka Proposed development of 16 units of Melaka 3-bedroom apartments

Maxisegar Sdn Bhd + HS(D) 146408 and HS(D) 145840, 324 acres Taman Puncak Jalil 17.1.2001 99 years 2.7.2100 N/A 314,986 PT 51440 and PT 51439 Development in progress of Leasehold Mukim Petaling residential and commercial buildings Selangor Darul Ehsan

+ HS(D) 146805 - 147704 PT 42401 1 acre Saujana Damansara 17.1.2001 99 years 16.8.2100 N/A 46,121 - 43300 HS(D) 147808 - 148002 Development in progress of Leasehold PT 43301 - 43495 residential and commercial buildings Mukim Sungai Buloh Selangor Darul Ehsan

+ HS(D) 5704 - 5718, PT 5616 - 5630 3,000 acres Proposed development of 17.1.2001 99 years 21.1.2101 N/A 357,525 Mukim Batang Berjuntai residential and commercial buildings Leasehold HS(D) 5740 - 5750 PT 830 - 840 Mukim Ulu Tinggi Selangor Darul Ehsan

Juara Tiasa + G 44761 Lot 9012 Bandar Serendah 42 acres/ Private college comprising Business and 12.4.1998 Freehold N/A 6 30,982 Sdn Bhd Selangor Darul Ehsan 14387.13 computer faculty block, administration 134 sq m block, Library block and matriculation block

ANNUAL REPORT 2004 LIST OF PROPERTIES

@ 31 January 2004

Abra Development + PM 32655, HS(M) 32689 0.96 acres/ Menara Maxisegar 9.11.1987 99 years 3.4.2094 9 59,847 Sdn Bhd Mukim of Ampang 33319.51 24-storey commercial complex Leasehold District of Hulu Langat sq m Selangor Darul Ehsan

# HS(D) 23980, PT 8874, HS(M) 1 acre Saujana Templer 18.10.2000 99 years 18.7.2093 N/A 7,270 5568, PT 10320, HS(M) 5569 Development in progress of bungalow Leasehold @ PT10321 Mukim of Rawang lots and residential buildings District of Gombak Pekan Templer Daerah Gombak Selangor Darul Ehsan Selangor Darul Ehsan

# HS(D) 108937 and 108938, 10 acres Jalil Heights 14.4.2001 99 years 16.3.2096 N/A 14,589 PT 39567 and 39568 Development in progress of commercial Leasehold @ Mukim and Daerah Petaling and residential buildings under progress Selangor Darul Ehsan

# HS(D) 251609, PTB 20405 2.32 acres/ Commercial development land 30.5.1995 99 years 30.7.2095 N/A 28,349 @ Mukim Bandar Johor Bahru 9,400 sq m Leasehold Johor Darul Ta’zim

Melombong and + PM 1264 Lot 41702 1 acre Development of commercial and 31.10.1986 99 years 9.9.2092 N/A 245 Perumahan PM 1265 Lot 41977 residential buildings under progress Leasehold Sdn Bhd Mukim Ampang Selangor Darul Ehsan

Ambang Vista + G 28503 - 28505 Lot 604 - 606 1.72 acres Development of hotel and office 23.5.1994 Freehold N/A N/A 62,393 Sdn Bhd G 28508 - 28510 Lot 612 - 614 buildings G 37038 - 37040 Lot 1276 - 1278 G 37034 Lot 1279 G 37037 Lot 1280 District of Kuala Lumpur Federal Territory

+ G 27879 Lot 616 0.472 acres Development of hotel and office 27.2.1995 Freehold N/A N/A 13,574 G 26388 - 26389 Lot 617 and 684 buildings District of Kuala Lumpur Federal Territory

Talam Industries + HS(D) 4334 - 6980 PT 4453 - 7099 159 acres Development in progress of industrial, 20.6.1991 Freehold N/A N/A 32,803 Sdn Bhd HS(D) 11315 - 12694 PT 7173 - 8552 residential and commercial buildings Bukit Sentosa I, Mukim Serendah Daerah Ulu Selangor Selangor Darul Ehsan

Noble Rights + HS(D) 22326 - 25465 PT772 - 3911 196 acres Development in progress of industrial, 15.8.1994 Freehold N/A N/A 18,676 Sdn Bhd Bukit Sentosa II residential and commercial buildings Mukim Serendah 135 Daerah Ulu Selangor Selangor Darul Ehsan

ANNUAL REPORT 2004 LIST OF PROPERTIES

@ 31 January 2004

Ulu Yam Golf and # HS(D) 4103, PT 2730 Mukim Ulu Yam 199.7 acres Secondary forest 26.5.1994 99 years 1.9.2093 N/A 5,575 Country Club Sdn Bhd Daerah Ulu Selangor Proposed golf course and residential Leasehold Selangor Darul Ehsan development

Zillion # HS(D) 5379 PT 6341 763.74 acres Vacant land 23.12.1994 Freehold N/A N/A Development G 39954 Lot 2324 Future development Sdn Bhd G 41084 Lot 8379 HS(D) 7946 PT 10752 Mukim Tanjung 12 Daerah Kuala Langat 93,430

+ HS(D) 5668 PT2697 36.25 acres Vacant land 23.12.1994 99 years 14.10.2095 N/A HS(D) 5667 PT2699 Future development Leasehold Mukim Tanjung 12 Daerah Kuala Langat

Inti Johan # Part of HS(D) 68435 PT 3515 10 acres/ Pandan Kapital Shopping Mall 30.1.1999 99 years 24.3.2101 8 68,789 Sdn Bhd Bandar Ampang 17,739.63 Leasehold Selangor Darul Ehsan sq m

Expand Factor + HS(D) 143294 - 143297, 171 acres Saujana Puchong 12.4.1999 99 years 12.6.2091 N/A 81,529 Sdn Bhd PT 50608 - 50611 residential and commercial buildings Leasehold Daerah Petaling Development in progress of industrial, Selangor Darul Ehsan

Mudi Angkasa + HS(D) 66843 - 66932, PT 2924 - 3013 15 acres Bukit Pandan 26.11.1999 99 years 31.5.2100 N/A 18,411 Development Sdn Bhd Mukim Ampang Development in progress of Leasehold Selangor Darul Ehsan residential and commercial buildings

Cekap Mesra # HS(D) 2488 - 2492, PT 6251 - 6255 171 acres Danau Putra 24.6.1998 99 years 19.10.2093 N/A 49,063 Development @ Mukim Dengkil, Daerah Sepang Development in progress of Leasehold Sdn Bhd Selangor Darul Ehsan residential and commercial buildings

Talam Leisure # HS(D) 4093 and 4105 401.01 acres Proposed development of 26.5.1994 99 years 1.9.2093 N/A 34,958 Development @ PT 2720 and 2732, Mukim Ulu Yam residential and commercial buildings Leasehold Sdn Bhd Daerah Ulu Selangor Selangor Darul Ehsan

Ideal Synergy # HS(M) 6500 to 6878 107.79 acres Proposed development of 10.7.2001 99 years 7.8.2100 N/A 20,003 Sdn Bhd @ PT 16442 to 16820 residential and commercial buildings Leasehold Mukim Semenyih Selangor Darul Ehsan

136

ANNUAL REPORT 2004 LIST OF PROPERTIES

@ 31 January 2004

Talam Properties # HS(D) 67769 PT 3192 1,494.16 sq m Development in progress of 2.3.1992 99 years 6.9.2100 N/A 2,042 Sdn Bhd @ HS(D) 67771 PT 3194 commercial buildings Leasehold HS(D) 67746 PT3169 HS(D) 67749 PT3172 HS(D) 67796 PT3219 HS(D) 67799 PT3222 HS(D) 67802 PT3225 Bandar Ampang Pandan Indah Commercial Park Daerah Hulu Langat

Galian Juta # PN 11211 Lot 20407 173 acres Saujana Putra 9.1.2001 99 years 5.2.2094 N/A 45,176 Sdn Bhd @ Mukim Tanjung 12 Proposed development of Leasehold Daerah Kuala Langat residential and commercial buildings Selangor Darul Ehsan

Talam Trading + HS(M) 12645 PT 617 1,085 sq m 8 units of 4-storey shop office 17.7.2001 99 years 10.10.2100 3 1,971 Sdn Bhd HS(M) 12658 PT 630 Leasehold HS(M) 12668 PT 640 HS(M) 12669 PT 641 Bandar Ulu Klang Daerah Gombak Selangor Darul Ehsan

Jilin Province + No. 19 Xian Road 5,995 sq m A 4 star 24 storey hotel building 20.9.1993 30 years 29.12.2023 5 144,417 Maxcourt Hotel Ltd Changchun, Jilin Province 41,945 sq m Leasehold People Republic of China, 130061

# No. 55 Guihua Jie 905sq m 12 units of apartment 16.7.1998 to Freehold N/A 20 1,526 Chaoyang District, Changchun 31.8.2003 People Republic of China

Pandan Indah Lot 2374 Section 15 4.81 acres 6 storey of private medical centre 99 years 7.7.2092 6 40,049 Medical Management Mukim of Ampang 20,343.60 with 3 storey medical office building – Leasehold Sdn Bhd District of Hulu Langat sq m annexe Selangor

137

ANNUAL REPORT 2004 LIST OF PROPERTIES

@ 31 January 2004

Europlus + PT 8512 HS(D) 9358, PT 8530 * Town ship Development 18.12.1991 Freehold N/A N/A ** Corporation HS(D) 9376, PT 8549 HS(D) 9395, Bukit Beruntung Sdn Bhd PT 8591 HS(D) 9437, PT 8618 HS(D) 9464, PT 8917 HS(D) 9763, PT 8918 HS(D) 9764, PT 8919 HS(D) 9765 ,PT 9308 HS(D) 10154, PT 9309 HS(D) 10155, PT 8916 HS(D) 9762, PT 9016 HS(D) 9862, PT 9006 HS(D) 9850,PT 8992 HS(D) 9838,PT 9499 HS(D) 10345,PT 8685 HS(D) 9531,PT 8709 HS(D) 9555, PT 8868 HS(D) 9714, PT 8757 HS(D) 9603,PT 8900 HS(D) 9746,PT 8825 HS(D) 9671, PT 8840 HS(D) 9686, PT 8934 HS(D) 9780,PT 8966 HS(D) 9812,PT 9084 HS(D) 9930, PT 9100 HS(D) 9946, PT 9145 HS(D) 9991,PT 9176 HS(D) 10022,PT 9203 HS(D) 10049,PT 9245 HS(D) 10091, PT 9300 HS(d) 10146, PT 9323 HS(D) 10169, PT 9348 HS(D) 10194, PT 9575 HS(D) 10421, PT 9424 HS(D) 10270, PT 9374 HS(D) 10220, PT 9448 HS(D) 10294, PT 9524 HS(D) 10370, PT 8632 HS(D) 9478 Mukim Of Serendah.

PT 102 HS(D) 17588,PT 149 HS(D) * Town ship Development 18.12.1991 Freehold N/A N/A ** 17635, PT 477 HS(D) 17963,PT 479 Bukit Beruntung HS(D) 17965,PT 480 HS(D) 17966, PT 481 HS(D) 17967,PT 482 HS(D) 17968,PT 483 HS(D) 17969, PT 557 HS(D) 18043,PT 573 HS(D) 18059,PT 762 HS(D) 18248,PT 763 HS(D) 18249,PT 764 HS(D) 18250, PT 475 HS(D) 17961,PT 476 HS(D) 17962, PT 478 HS(D) 17964, PT 761 HS(D) 18247 Mukim Of Serendah Tambahan.

PT 7101 HS(D) 8179,PT 7111 HS(D) * Town ship Development 18.12.1991 Freehold N/A N/A ** 8189,PT 7157 HS(D) 8135,PT 7166 Bukit Beruntung HS(D) 8144, PT 7213 HS(D) 10553, PT 7230 HS(D) 10530,PT 7231 HS(D) 10571,PT 7233 HS(D) 10573, PT 7234 HS(D) 10574, PT 7278 HS(D) 10618,PT 7333 HS(D) 10673, PT 7352 HS(D) 10691,PT 7502 HS(D) 8349, PT 7523 HS(D) 8370, PT 7697 HS(D) 8544,PT 8007 HS(D) 8854, PT 8203 HS(D) 9050,PT 8407 HS(D) 9254,PT 8440 HS(D) 9287,PT 8483 138 HS(D) 9329,PT 8484 HS(D) 9330,PT 9601 HS(D) 10447 Mukim Of Serendah.

ANNUAL REPORT 2004 LIST OF PROPERTIES

@ 31 January 2004

@ Joint Venture Estimated + Registered Remaining Date Of Approximate NBV @ # Beneficial Land/ Description/Proposed Acquisition / Age Of The 31.1.2004 owner Location Built up area Development Joint Venture Tenure Expiry Building RM ‘000 Europlus PT 61 HS (D) 31307 to PT 82 HS(D) * Town ship Development 18.12.1991 Freehold N/A N/A ** Corporation 31328; PT 5148 HS(D) 31690 to Bukit Beruntung Sdn Bhd PT 5327 HS(D) 31274; PT 5328 HS(D) 31496 to PT 5397 HS(D) 31565; PT 5453 HS(D) 31640; PT 5485 HS(D) 31641 to PT 5571 HS (D) 31727; PT 5630 HS (D) 31581; PT 5673 HS(D) 31582 to PT 5675 HS(D) 31584; PT 5676 HS(D) 31355 to PT 5816 HS(D) 31495; PT 5913 HS(D) 31728 to PT 5986 HS(D) 31801; PT 5987 HS(D) 33733 to PT 6049 HS(D) 33754; PT 2499 HS(D) 7581 to PT 2520 HS(D) 7602; PT 2491 HS(D) 7573 to PT 2497 HS(D) 7579 Mukim of Serendah. Lot 1995 CT 11502 and lot 2018 * Town ship Development 18.12.1991 Freehold N/A N/A ** Grant 12274 Mukim Of Serendah. Bukit Beruntung Lot 2066 Grant 40124, Lot 2067 PN 5282 and Lot 3243 HS(D) 8160 Mukim Of Hulu Yam. Lot 15070 Grant 45084, Lot 15071 * Town ship Development 18.12.1991 Freehold N/A N/A ** Grant 45083, PT 771 HS(D) 18257 Bukit Beruntung Lot 15207 Grant 54344, Lot 15754 * Town ship Development 18.12.1991 Freehold N/A N/A ** Grant 54346 Lot 15753 Grant 54345, Bukit Beruntung PT 3917 HS(D) 30363 PT 3918 HS(D) 30364 PT 6161 HS(D) 26076, PT 6316 * Town ship Development 18.12.1991 Freehold N/A N/A ** HS(D) 26231, PT 6411 HS(D) 26326, Bukit Beruntung PT 6412 HS(D) 26327, PT 6622 HS(D) 26537, PT 6754 HS(D) 26669, PT 6755 HS(D) 26670, PT 6824 HS(D) 26739, PT 6944 HS(D) 26859, PT 7180 HS(D) 27095, PT 7514-PT 7519 HS(D) 27429-27434, PT 7530 HS(D) 27445, PT 7560-PT 7568 HS(D) 27483-27475 PT 6086 HS(D) 26001 - PT 7559 * Town ship Development 18.12.1991 Freehold N/A N/A ** HS(D) 27474, PT 6161 HS(D) 26075, Bukit Beruntung PT 6316 HS(D) 26231, PT6411 HS(D) 26326, PT 6412 HS(D) 26327, PT 6622 HS(D) 26537, PT6754 HS(D) 26669, PT 6755 HS(D) 26670, PT 6824 HS(D) 26739, PT 6944 HS(D) 26859, PT 7180 HS(D) 27095, PT 7514 - PT 7519 HS(D) 27429 - HS(D) 27434, PT 7530 HS(D) 27445, PT 7560 - PT 7568 HS(D) 27475 - HS(D) 27483 139

* 4,042 acres ** 476,006

ANNUAL REPORT 2004 LIST OF PROPERTIES

@ 31 January 2004

Europlus Berhad PT 4912 HS(D) 33034 - PT 5094 113 acres Town ship Development 14.5.1996 Freehold N/A N/A 53,017 HS(D) 33213 PT 5102 HS(D) 33221, Prima Beruntung PT 5103 HS(D) 33222, PT 5111 HS(D) 33230 - PT 5113 HS(D) 33232, PT 10034 HS(D) 33233 - PT 10331 HS(D) 33530, PT 10407 HS(D) 33605 - PT10511 HS(D) 33709

Perwira Indra Sakti # HS(D) 18284 PT 4227 to HS(D) 22309 606 acres Residential, industrial and 18.12.1991 Freehold N/A N/A 191,049 Sdn Bhd PT 8252 Mukim of Ulu Yam, commercial development District of Ulu Selangor, Selangor. - Bukit Beruntung III

Ukay Land Sdn Bhd + H.S(D) 12014 to 12413 PT 1 to 400; 91 acres Township Development 17.1.1989 99 years 20.9.2100 N/A 38,514 H.S(D) 12417 to 12612 PT 401 to 596; - Ukay Perdana Leasehold H.S(D) 12613 to 12616 PT642-645; H.S(D) 12625 to 12699 PT 597 to 641; H.S(D) 12670 to 12824 PT 646 to 800; H.S(D) 12846 to 12969 PT 801 to 924 Bandar of Ulu Kelang, District of Gombak, Selangor.

Perwira Indra Sakti + P.M.489 Lot 34342 Mukim of Ampang, 64,998 sq ft Perdana Business Centre 16.9.1994 99 years 16.4.2089 10 years 22,549 Sdn Bhd District of Ulu Langat, Selangor Commercial complex Leasehold (2, Jalan Perdana 4/1, Pandan Perdana, 55300 Selangor)

Tenaga Gagah Sdn Bhd + HS(D) 148054 to 148056 P.T. 2 to 5 9 acres Development of residential and 2.11.1989 99 years 6.9.2100 N/A 18,740 Pekan Penaga, Daerah Petaling, commercial units Leasehold Selangor. - Lagoon Perdana

Europlus Berhad + HS(D) 102431 PT 26057 7,888 sq ft Semi-detached workshop 6.8.1992 Freehold N/A 13 years 615 Bandar Johor Bahru, 7 Jalan Sri Purnama 2, Johor. Kangkar Tebrau, 81100 Johor Bahru.

Europlus Berhad + HS(D) 102432 PT 26058 10,591 sq ft Semi-detached workshop 6.8.1992 Freehold N/A 13 years 673 Bandar Johor Bahru, 2 Jalan Sri Purnama 2/3, Johor. Kangkar Tebrau, 81100 Johor Bahru.

Perwira Indra Sakti + PM 213 and 214 Lot 29812 and 29813 4,928 sq ft 4-Storey shop office 9.8.1991 99 years 5.5.2087 18 years 1,779 Sdn Bhd Bandar Ampang, Daerah Ulu Langat Nos 1 and 3 Jalan Pandan 3/5 Leasehold Selangor Pandan Jaya 55100 Kuala Lumpur

Perwira Indra Sakti + Unit A-P08, Metro Larkin under the 3,122 sq ft A-22-P08 Pangsapuri Larkin Utama 28.8.1999 Leasehold 21.4.2093 5 years 620 Sdn Bhd master title HS(D) 216745 PT PTB20023 Jalan Tun Abdul Razak Susur 5 140 Bandar Johor, Daerah Johor Negeri 80350 Johor Baru Johor Darul Ta’zim

ANNUAL REPORT 2004 LIST OF PROPERTIES

@ 31 January 2004

Pulau Kembar Sdn Bhd + PN 10896 to 11027 Lot 2 to 133; 100 acres Twin island development of residential, 31.10.1994 99 years 9.11.2096 N/A 121,705 PN 11029 to 11074 Lot 135 to 180; commercial and tourism related Leasehold PN 11076 to 11252 Lot 182-358 development Daerah Melaka Tengah, Melaka. - Pulau Melaka

Ukay Land Sdn Bhd + HS(D) 13164 and13165 PT 17014 12.5 acres Proposed mix development of shops 8.9.1994 Freehold N/A N/A 2,657 and 17015 Daerah Bentong, and terrace factories. Mukim Bentong, Pahang.

Sentosa Restu (M) + HS(D) 137566, PT440, 16 acres Mix development of residential, 3.9.1997 99 years 8.6.2099 N/A 47,826 Sdn Bhd HS(D) 137567, PT448 commercial and corporate park. Leasehold HS(D) 175180, PT 447 and - Kinrara Section 3 HS(D) 134215, PT241, Pekan Puchong Jaya, Daerah Petaling, Selangor.

Lestari Puchong + H.S.(D) No,142201 to 142206, 244 acres Mix development of residential, 24.7.2000 99 years 12.6.2091 N/A 172,533 Sdn Bhd PT 50602 to 50607, Mukim commercial and corporate park. Leasehold Petaling, Daerah Petaling, Selangor. - Lestari Puchong

Biltradex Sdn Bhd + Lot 37230, PM 1267 Pekan 31,042.6 sq ft Retail lots within Puchong Parade 1.4.2001 99 years 15.2.2089 5 years 5,313 Puchong Perdana, Leasehold District of Petaling, Selangor.

L.C.B. Management + Unit 559-3A at PT 123928, 559 sq ft 1 unit shop-office 23.7.2002 99 years 14.6.2092 2 year 58 Sdn Bhd Mukim Hulu Kinta , Daerah Kinta Leasehold Perak Darul Ridzuan

L.C.B. Management + IP2-G02 at PT 123931, Mukim 1,833 sq feet 1 unit of business lot 23.7.2002 99 years 14.6.2092 2 year 379 Sdn Bhd Hulu Kinta, Daerah Kinta Leasehold Perak Darul Ridzuan

L.C.B. Management + IP2-G13 at PT 123931, 1,234 sq feet 1 unit of business lot 23.7.2002 99 years 14.6.2092 2 year 232 Sdn Bhd Mukim Hulu Kinta, Daerah Kinta Leasehold Perak Darul Ridzuan

Jilin Larut Enterprise + No. 19 Xian Road 1.58 acres/ Development of 35 storey 9.8.1994 50 years 24.2.2043 N/A 20,669 Development Changchun, Jilin Province 6,665 sq m commercial complex Leasehold Co. Ltd People Republic of China, 130061 plus 2 storey of basement levels Yin Hai Commercial Complex

Kenshine Corporation @ PT 6256 to PT 6261 held under 224 acres Development of residential and 28.9.1995 99 years 19. 10.2093 N/A 184,438 Sdn Bhd Title Nos. H.S.(D) 2479 to 2484, commercial properties Leasehold Mukim of Dengkil - Putra Perdana District of Sepang, Selangor

Europlus Construction @ Part of PT 4475 hled under Title No. Development of residential properties 22.1.2001 99 years 5.3.2091 N/A Sdn Bhd H.S.(D) 1435, Mukim of Dengkil, Lestari Permai Leasehold District of Sepang, Selangor 33 acres 33,061 # Part of PT 4475 hled under Title No. Development of residential properties 26.9.2003 99 years 5.3.2091 N/A H.S.(D) 1435, Mukim of Dengkil, Lestari Permai Leasehold 141 District of Sepang, Selangor

ANNUAL REPORT 2004 STATEMENT ON DIRECTORS’ INTERESTS

As At 25 May 2004

THE COMPANY

A. ORDINARY SHARES (Based on Register of Directors’ shareholdings as at 25 May 2004)

No. of Ordinary Shares of RM1.00 each Direct %*4 Deemed %*4 Interest Interest The Company

1. Tan Sri Dato’ (Dr) Ir Chan 25,949,411 4.55 305,725,627 *1 53.56 Ah Chye @ Chan Chong Yoon

2. Y.A.M. Tengku Sulaiman 500 *2 –– Shah Al-Haj Ibni Al-Marhum Sultan Salahuddin Abdul Aziz Shah Al-Haj

3. Mohd Alkaf Bin Mohd Kahar 30,166 0.01 125,000 *3 0.02

4. Lai Moo Chan 46,641 0.01 – –

5. Sulaiman Hew Bin Abdullah 42,906 0.01 – –

Notes:

*1 Deemed interest through his spouse, Puan Sri Datin Thong Nyok Choo, his daughter, Chan Siu Wei and by virtue of his interest in Pengurusan Projek Bersistem Sdn Bhd, Faircrest Sdn Bhd (In members’ voluntary winding-up), Prosperous Inn Sdn Bhd and Kumpulan Europlus Berhad pursuant to Section 6A of the Companies Act, 1965 (“the Act”).

*2 Less than 0.005%

*3 Deemed interest through his wife, Lailatool Badriah Bt Mahmood, his daughters, Farah Marliza Bt Mohd Alkaf and Farah Azlina Bt Mohd Alkaf

*4 % shareholding based on voting share capital as at 25 May 2004 of 570,806,257

Tan Sri Dato’ (Dr) Ir Chan Ah Chye @ Chan Chong Yoon, by virtue of his interest in shares of the Company is also deemed interested in shares of all the Company’s subsidiaries to the extent of the Company having an interest.

142

ANNUAL REPORT 2004 STATEMENT ON DIRECTORS’ INTERESTS

As At 25 May 2004

B. IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES (“ICPS”) (Based on Register of Directors’ shareholdings as at 25 May 2004)

No. of ICPS of RM1.00 each Direct %*3 Deemed %*3 Interest Interest The Company

1. Tan Sri Dato’ (Dr) Ir Chan 196,319,045 47.30 47,208,236 *1 11.37 Ah Chye @ Chan Chong Yoon

2. Mohd Alkaf Bin Mohd Kahar 147,916 0.04 312,500 *2 0.08

3. Lai Moo Chan 110,307 0.03 – –

Notes:

*1 Deemed interest by virtue of his interest in Pengurusan Projek Bersistem Sdn Bhd and Faircrest Sdn Bhd (In members’ voluntary winding-up) pursuant to Section 6A of the Companies Act, 1965.

*2 Deemed interest through his wife, Lailatool Badriah Bt Mahmood, his daughters, Farah Marliza Bt Mohd Alkaf and Farah Azlina Bt Mohd Alkaf

*3 % shareholding based on outstanding ICPS as at 25 May 2004 of 415,043,151

SUBSIDIARY COMPANIES

Other than disclosed above, Tan Sri Dato’ (Dr) Ir Chan Ah Chye @ Chan Chong Yoon and Puan Sri Datin Thong Nyok Choo have interests in the following subsidiary companies:

Number of Ordinary Shares of RM1.00 each Tan Sri Dato’ (Dr) Ir Chan Ah Chye Puan Sri Datin @ Chan Chong Yoon Thong Nyok Choo*1 Direct Deemed Direct Deemed Interest % Interest % Interest % Interest %

Abra Development – – 144,000 *2 12.0 – – 144,000 *2 12.0 Sdn Bhd

Master Waves Sdn Bhd – – 52 *3 49.0 – – 52 *3 49.0

Notes:

*1 Spouse of Tan Sri Dato’ (Dr) Ir Chan Ah Chye @ Chan Chong Yoon

*2 Deemed interest through Bumi Dua Corporation Sdn Bhd pursuant to Section 6A of the Companies Act, 1965

*3 Deemed interest through Pengurusan Projek Bersistem Sdn Bhd pursuant to Section 6A of the Companies Act, 1965

Tan Sri Dato’ (Dr) Ir Chan Ah Chye @ Chan Chong Yoon and Puan Sri Datin Thong Nyok Choo, by virtue of their interests in the shares of Abra Development Sdn Bhd (“ADSB”) and Master Waves Sdn Bhd (“MWSB”) are also deemed interested in the shares of all the subsidiary companies of ADSB and MWSB to the extent 143 ADSB and MWSB have an interest.

Save as disclosed, none of the Directors of the Company has any interests in the shares of the Company and its related corporation as at 25 May 2004.

ANNUAL REPORT 2004 ANALYSIS OF SHAREHOLDINGS

SHARE CAPITAL As At 25 May 2004

Authorised share capital : RM1,000,000,000.00 divided into 939,000,000 ordinary shares of RM1.00 each, 100,000,000 redeemable convertible preference shares of RM0.01 each and 600,000,000 irredeemable convertible preference shares of RM0.10 each. Issued and paid-up capital : RM615,346,177 divided into 573,841,857 ordinary shares of RM1.00 each and 415,043,151 irredeemable convertible preference shares of RM0.10 each. Voting Rights : There is only one class of ordinary shares with voting rights in the paid-up share capital of the Company. Each share entitles the holder to one vote. Share Buy Back : The Company had purchased 3,035,600 ordinary shares and the shares purchased were retained as treasury shares.

DISTRIBUTION OF ORDINARY SHAREHOLDINGS (Based on Record of Depositors as at 25 May 2004)

No. of % of No. of % of Ordinary Ordinary Ordinary Ordinary Size of Holdings Shareholders Shareholders Shares Held Shares Held

Less than 100 590 3.92 22,989 0.00 100 - 1,000 8,061 53.60 5,116,884 0.90 1,001 - 10,000 5,598 37.22 17,747,877 3.11 10,001 - 100,000 611 4.06 16,331,836 2.86 100,001 - 28,527,820*1 177 1.18 271,436,840 47.57 28,527,821 and above*2 2 0.01 259,900,000 45.55

TOTAL 15,039 100.00 570,556,426 100.00

Notes:

*1 Less than 5% of the voting share capital *2 5% and above of the voting share capital

THIRTY LARGEST ORDINARY SHAREHOLDERS (Based on Record of Depositors as at 25 May 2004)

No. of Ordinary Name Shares Held %

1) EB NOMINEES (TEMPATAN) SENDIRIAN BERHAD 167,000,000 29.27 Pledged Securities Account for Kumpulan Europlus Berhad (JTR)

2) CIMB NOMINEES (TEMPATAN) SDN BHD 92,900,000 16.28 Pledged Securities Account for Kumpulan Europlus Berhad

3) TASEC NOMINEES (TEMPATAN) SDN BHD 20,000,000 3.51 TA First Credit Sdn Bhd for Kumpulan Europlus Berhad

4) CIMB NOMINEES (TEMPATAN) SDN BHD 18,000,000 3.15 144 Commerce International Merchant Bankers Berhad (TPSB) 5) HSBC NOMINEES (ASING) SDN BHD 13,508,100 2.37 Bob HK Branch for Dresdner RCM Oriental Income Fund Limited

ANNUAL REPORT 2004 ANALYSIS OF SHAREHOLDINGS

THIRTY LARGEST ORDINARY SHAREHOLDERS (Cont’d) (Based on Record of Depositors as at 25 May 2004)

No. of Ordinary Name Shares Held %

6) HSBC NOMINEES (ASING) SDN BHD 10,000,000 1.75 Mscoil for ARN Asian Enterprise Fund Limited

7) HSBC NOMINEES (ASING) SDN BHD 8,500,000 1.49 Bob HK Branch for Dresdner RCM Little Dragons Fund Limited

8) TA NOMINEES (TEMPATAN) SDN BHD 7,041,627 1.23 Pledged Securities Account for Intelbest Sdn Bhd

9) HSBC NOMINEES (ASING) SDN BHD 7,030,000 1.23 BNY Brussels for The Great Eastern Life Assurance Co Ltd

10) TASEC NOMINEES (TEMPATAN) SDN BHD 7,000,000 1.23 TA First Credit Sdn Bhd for Pengurusan Projek Bersistem Sdn Bhd

11) PENGURUSAN PROJEK BERSISTEM SDN BHD 6,401,939 1.12

12) HSBC NOMINEES (ASING) SDN BHD 6,400,800 1.12 Bob HK For LG Asian Plus Limited

13) AMANAH RAYA NOMINEES (TEMPATAN) SDN BHD 5,000,000 0.88 Skim Amanah Saham Bumiputera Permodalan Nasional Berhad

14) AMSEC NOMINEES (TEMPATAN) SDN BHD 4,892,500 0.86 AMfinance Berhad for Chan Ah Chye @ Chan Chong Yoon

15) AMANAH RAYA BERHAD 4,654,000 0.82 Amittikal

16) PUBLIC NOMINEES (TEMPATAN) SDN BHD 4,455,175 0.78 Pledged Securities Account for Chan Ah Chye @ Chan Chong Yoon

17) EMPLOYEES PROVIDENT FUND BOARD 4,405,050 0.77 Seksyen Depositori Pusat

18) LEMBAGA TABUNG ANGKATAN TENTERA 4,300,000 0.75

19) MINISTER OF FINANCE 4,300,000 0.75 Akaun Jaminan Pinjaman Kerajaan Persekutuan

20) TASEC NOMINEES (TEMPATAN) SDN BHD 4,291,389 0.75 TA First Credit Sdn Bhd for Kumpulan Europlus Berhad (A/C No: 2)

21) UNIVERSAL TRUSTEE (MALAYSIA) BERHAD 4,068,750 0.71 CMS Premier Fund

22) HLB NOMINEES (TEMPATAN) SDN BHD 3,991,250 0.70 Pledged Securities Account for Tan Sri Dato’ (Dr) Ir Chan Ah Chye @ Chan Chong Yoon (HLFSMF440) 145 23) MAYBAN NOMINEES (TEMPATAN) SDN BHD 3,802,500 0.67 Mayban Trustees Berhad for RHB Capital Fund (N14011200189)

ANNUAL REPORT 2004 ANALYSIS OF SHAREHOLDINGS

THIRTY LARGEST ORDINARY SHAREHOLDERS (Cont’d) (Based on Record of Depositors as at 25 May 2004)

No. of Ordinary Name Shares Held %

24) CITICORP NOMINEES (TEMPATAN) SDN BHD 3,500,000 0.61 CMS Dresdner Asset Management Sdn Bhd for Employees Provident Fund

25) M & A NOMINEE (TEMPATAN) SDN BHD 3,048,600 0.53 Ambang Sepakat Sdn Bhd

26) MAYBAN NOMINEES (TEMPATAN) SDN BHD 3,025,000 0.53 Mayban Trustees Berhad for RHB Dynamic Fund (N14011200188)

27) ONG BEE LIAN 2,968,200 0.52

28) HSBC NOMINEES (TEMPATAN) SDN BHD 2,711,250 0.48 HSBC (M) Trustee Bhd for The Hwang-DBS Select Opportunity Fund (3969)

29) TA NOMINEES (TEMPATAN) SDN BHD 2,707,800 0.47 Pledged Securities Account for Chan Ah Chye @ Chan Chong Yoon

30) EB NOMINEES (TEMPATAN) SENDIRIAN BERHAD 2,564,687 0.45 Pledged Securities Account for Chan Ah Chye @ Chan Chong Yoon (BB)

432,468,617 75.80

MAJOR SHAREHOLDERS (Based on Register of Substantial Shareholders as at 25 May 2004)

Direct Interest Deemed Interest No. of No. of Name of major shareholders Shares %*3 Shares %*3

1. Tan Sri Dato’ (Dr) Ir Chan Ah Chye 25,949,411 4.55 305,725,627 *1 53.56 @ Chan Chong Yoon (“TSDCAC”)

2. Puan Sri Datin Thong Nyok Choo 221,250 0.04 331,453,788 *2 58.07 (“PSDTNC”)

3. Kumpulan Europlus Berhad 284,191,389 49.79 – –

Notes:

*1 Deemed interest through his spouse, PSDTNC, his daughter, Chan Siu Wei and by virtue of his interest in Pengurusan Projek Bersistem Sdn Bhd, Faircrest Sdn Bhd (In members’ voluntary winding-up), Prosperous Inn Sdn Bhd and Kumpulan Europlus Berhad pursuant to Section 6A of the Companies Act, 1965 (“the Act”).

*2 Deemed interest through her spouse, TSDCAC, her daughter, Chan Siu Wei and by virtue of her interest in Pengurusan Projek Bersistem Sdn Bhd, Faircrest Sdn Bhd (In members’ voluntary winding-up), Prosperous 146 Inn Sdn Bhd and Kumpulan Europlus Berhad pursuant to Section 6A of the Act. *3 % shareholding based on voting share capital of as at 25 May 2004 of RM570,806,257.

ANNUAL REPORT 2004 ANALYSIS OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHAREHOLDINGS (ICPS)

As At 25 May 2004

No. of ICPS Issued : 591,867,978 No. of ICPS Outstanding : 415,043,151 Conversion Period : 12 January 2004 to 2 January 2009 Conversion Rights : Each registered holder of ICPS shall be entitled to convert the ICPS held into new shares of RM1.00 each in the Company at the ICPS Conversion Price of RM1.00. For the avoidance of any doubt, the ICPS Conversion Price shall be deemed to be satisfied by tendering and surrendering the ICPS with an aggregate par value equivalent to the ICPS Conversion Price and no cash monies shall be payable for the ICPS conversion.

DISTRIBUTION OF ICPS HOLDINGS

Size of Holdings No. of ICPS % of ICPS No. of ICPS % of ICPS Holders Holders Held Held

Less than 100 98 1.39 4,431 0.00 100 - 1,000 521 7.40 481,168 0.12 1,001 - 10,000 4,806 68.24 20,555,849 4.95 10,001 - 100,000 1,419 20.15 41,735,321 10.06 100,001 - 20,752,156*1 197 2.80 219,143,399 52.80 20,752,157 and above*2 2 0.03 133,122,983 32.07

Total 7,043 100.00 415,043,151 100.00

Notes:

*1 - Less than 5% of outstanding ICPS *2 - 5% and above of outstanding ICPS

THIRTY LARGEST ICPS HOLDERS

Name No. of ICPS %

1) CHAN AH CHYE @ CHAN CHONG YOON 73,648,212 17.74

2) TA NOMINEES (TEMPATAN) SDN BHD 59,474,771 14.33 Pledged Securities Account For Chan Ah Chye @ Chan Chong Yoon

3) ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD 17,230,000 4.15 Alliance Merchant Nominees (Tempatan) Sdn Bhd for Pengurusan Projek Bersistem Sdn Bhd

4) BANK KERJASAMA RAKYAT MALAYSIA BERHAD 15,294,948 3.69 Pledged Securities Account For Pengurusan Projek Bersistem Sdn Bhd

5) ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD 13,185,000 3.18 Pledged Securities Account For Chan Ah Chye @ Chan Chong Yoon 147

ANNUAL REPORT 2004 ANALYSIS OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHAREHOLDINGS (ICPS)

As At 25 May 2004

THIRTY LARGEST ICPS HOLDERS (Cont’d)

Name No. of ICPS %

6) AMSEC NOMINEES (TEMPATAN) SDN BHD 12,231,250 2.95 AMfinance Berhad for Chan Ah Chye @ Chan Chong Yoon

7) PUBLIC NOMINEES (TEMPATAN) SDN BHD 11,137,937 2.68 Pledged Securities Account For Chan Ah Chye @ Chan Chong Yoon

8) LEMBAGA TABUNG ANGKATAN TENTERA 10,750,000 2.59

9) ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD 10,501,250 2.53 Pledged Securities Account For Chan Ah Chye @ Chan Chong Yoon (100176)

10) HLB NOMINEES (TEMPATAN) SDN BHD 9,978,125 2.40 Pledged Securities Account For Tan Sri Dato’ (Dr) Ir Chan Ah Chye @ Chan Chong Yoon (HLFSMF440)

11) MAYBAN NOMINEES (TEMPATAN) SDN BHD 8,100,000 1.95 Mayban Life Assurance Berhad (PAR Fund)

12) MAYBAN NOMINEES (TEMPATAN) SDN BHD 6,000,000 1.45 Mayban Life Assurance Berhad (PCG Fund 2)

13) EMPLOYEES PROVIDENT FUND BOARD 5,500,625 1.33

14) FAIRCREST SDN BHD (IN LIQUIDATION) 5,403,937 1.30

15) PAB NOMINEE (TEMPATAN) SDN BHD 5,300,250 1.28 Pledged Securities Account For Pengurusan Projek Bersistem Sdn Bhd (4403024079)

16) AM NOMINEES (TEMPATAN) SDN BHD 4,993,000 1.20 Pertubuhan Keselamatan Sosial

17) ONG BEE LIAN 4,634,800 1.12

18) RHB NOMINEES (TEMPATAN) SDN BHD 4,000,000 0.96 RHB Asset Management Sdn Bhd For Citibank M’sian Branches Staff Retirement Plan

19) ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD 3,976,250 0.96 AFB Nominees (Tempatan) Sdn Bhd For Pengurusan Projek Bersistem Sdn Bhd

20) PUBLIC NOMINEES (TEMPATAN) SDN BHD 3,087,500 0.74 Pledged Securities Account For Tan Sri Dato’ Chan Ah Chye @ Chan Chong Yoon (TNM)

148 21) BUMIPUTRA-COMMERCE NOMINEES (TEMPATAN) SDN BHD 3,075,000 0.74 Pledged Securities Account For Chan Ah Chye @ Chan Chong Yoon

ANNUAL REPORT 2004 ANALYSIS OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHAREHOLDINGS (ICPS)

As At 25 May 2004

THIRTY LARGEST ICPS HOLDERS (Cont’d)

Name No. of ICPS %

22) LEONG KAM CHEE 2,300,000 0.55

23) MALAYSIA NOMINEES (TEMPATAN) SENDIRIAN BERHAD 2,125,000 0.51 Great Eastern Life Assurance (Malaysia) Berhad (PAR 1)

24) TA NOMINEES (TEMPATAN) SDN BHD 1,980,000 0.48 Pledged Securities Account For Intelbest Sdn Bhd

25) SOUTHERN NOMINEES (TEMPATAN) SDN BHD 1,869,000 0.45 Pledged Securities Account For Glendale Corporation Sdn Bhd

26) SPRINT PROPERTY ENTERPRISES SDN BHD 1,675,571 0.40

27) LOW CHU MOOI 1,504,250 0.36

28) BUMIPUTRA-COMMERCE TRUSTEE BERHAD 1,449,100 0.35 RHB Malaysia Recovery Fund

29) LIM YONG KEAT 1,350,000 0.33

30) LIM KEW @ LIM KON FOONG 1,335,022 0.32

303,090,798 73.03

149

ANNUAL REPORT 2004 ANALYSIS OF WARRANT HOLDINGS

As At 25 May 2004

No. of Warrants Issued : 107,650,000 No. of Warrants Unexercised : 61,194,356 Exercise Period : From 9 November 2000 to 9 November 2005 Exercise Rights : Each warrant entitles the holder to subscribe for one new ordinary share of RM1.00 in the Company at any time during the Exercise Period

DISTRIBUTION OF WARRANT HOLDINGS

Size of Holdings No. of Warrant % of Warrant No. of Warrant % of Warrant Holders Holders Held Held

Less than 100 407 15.57 27,909 0.05 100 - 1,000 180 6.89 95,827 0.16 1,001 - 10,000 1,511 57.80 5,143,539 8.41 10,001 - 100,000 436 16.68 12,417,735 20.29 100,001 - 3,059,716*1 76 2.91 29,751,758 48.62 3,059,717 and above*2 4 0.15 13,757,588 22.48

Total 2,614 100.00 61,194,356 100.00

Notes:

*1 - Less than 5% of warrants unexercised *2 - 5% and above of warrants unexercised

THIRTY LARGEST WARRANT HOLDERS

Name No. of Warrants %

1) JF APEX NOMINEES (TEMPATAN) SDN BHD 3,803,200 6.21 Pledged Securities Account for Lim Cheng Aik

2) TANG KEE HIONG 3,634,788 5.94

3) JF APEX NOMINEES (TEMPATAN) SDN BHD 3,255,000 5.32 Pledged Securities Account for Lim Soo Ming

4) HSBC NOMINEES (ASING) SDN BHD 3,064,600 5.01 RBC Noms Sg For Value Partner Agents Limited

5) HSBC NOMINEES (ASING) SDN BHD 3,000,000 4.90 BBH And Co. Boston For Strong Asia Pacific Fund Inc

6) JF APEX NOMINEES (TEMPATAN) SDN BHD 2,514,800 4.11 Pledged Securities Account for Lim Kok Liong

7) LIM SOO MING 2,167,800 3.54

8) TIONG NAM TRANSPORT HOLDINGS BERHAD 2,000,000 3.27

150 9) HDM NOMINEES (TEMPATAN) SDN BHD 886,400 1.45 Pledged Securities Account For Lau Kwai (MEMO3)

ANNUAL REPORT 2004 ANALYSIS OF WARRANT HOLDINGS

As At 25 May 2004

THIRTY LARGEST WARRANT HOLDERS (Cont’d)

Name No. of Warrants %

10) HDM NOMINEES (TEMPATAN) SDN BHD 853,800 1.40 Pledged Securities Account For Seow Kah Heng (MEMO3)

11) CHIEW LAI KHIM 696,900 1.14

12) LEE LIAN CHEE 644,650 1.05

13) HDM NOMINEES (ASING) SDN BHD 600,000 0.98 DBS Vickers Secs (S) Pte Ltd For Ho Thiam Teck Thomas

14) OSK NOMINEES (TEMPATAN) SDN BERHAD 567,900 0.93 Pledged Securities Account For Wong Tow Fock

15) UNITED OVERSEAS NOMINEES (TEMPATAN) SDN BHD 533,812 0.87 Pledged Securities Account For Len Book Learn (MKL)

16) TAN LEE CHIN 519,913 0.85

17) INTER-PACIFIC EQUITY NOMINEES (TEMPATAN) SDN BHD 500,000 0.82 Pledged Securities Account For Lee See Kwan (AL0089)

18) ECM LIBRA SECURITIES NOMINEES (ASING) SDN BHD 500,000 0.82 ECM Libra Securities Limited For Asia New Economy Fund

19) WONG SUI KAW 488,634 0.80

20) LENG BEE LING @ LIM BEE LING 450,693 0.74

21) KENANGA NOMINEES (TEMPATAN) SDN BHD 400,000 0.65 Pledged Securities For Chan Wai Pun

22) KE-ZAN NOMINEES (ASING) SDN BHD 393,000 0.64 Kim Eng Securities Pte Ltd For CYL Investments Limited

23) TAN CHUN HWEE, VINCENT (CHEN JUNHUI, VINCENT) 381,709 0.62

24) LENG BEE BEE 379,410 0.62

25) LOW KIM HEE 378,500 0.62

26) OSK NOMINEES (TEMPATAN) SDN BERHAD 360,067 0.59 Pledged Securities Account For Zuragaya Sdn Bhd

27) MAYBAN NOMINEES (TEMPATAN) SDN BHD 353,800 0.58 Pledged Securities Account For Chung Teik Keong

28) LOW CHU MOOI 340,000 0.56

29) WONG SUI KAW 317,748 0.52

30) CHAN AH LUAN 314,972 0.51

34,302,096 56.05 151

ANNUAL REPORT 2004 ANALYSIS OF IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCK HOLDINGS

As At 25 May 2004

1. ANALYSIS OF 7% 2003/2005 IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCK HOLDINGS (7% 2003/2005 ICULS )

No. of 7% 2003/2005 ICULS Issued : 44,649,336 No. of 7% 2003/2005 ICULS Outstanding : 27,543,636 Conversion Period : 17 November 2003 to 19 July 2005 Conversion Price : Each 7% 2003/2005 ICULS is convertible into new Talam shares at RM1.00 per share Conversion Rights : Each registered holder of the 7% 2003/2005 ICULS has the right to convert such amount of the 7% 2003/2005 ICULS held (being RM1.00 nominal value of such 7% 2003/2005 ICULS or multiple thereof) into fully paid ordinary shares in the Company at the Conversion Price

DISTRIBUTION OF 7% 2003/2005 ICULS HOLDINGS

Size of Holdings No. of 7% % of 7% No. of 7% % of 7% 2003/2005 2003/2005 2003/2005 2003/2005 ICULS ICULS ICULS ICULS Holders Holders Held Held

Less than 100 7 1.06 224 0.00 100-1,000 181 27.47 158,592 0.58 1,001-10,000 338 51.29 1,423,833 5.17 10,001-100,000 105 15.93 2,984,719 10.84 100,001-1,377,180*1 22 3.34 6,099,000 22.14 1,377,181 and above*2 6 0.91 16,877,268 61.27

Total 659 100.00 27,543,636 100.00

Notes:

*1 - Less than 5% of outstanding 7% 2003/2005 ICULS *2 - 5% and above of outstanding 7% 2003/2005 ICULS

THIRTY LARGEST 7% 2003/2005 ICULS HOLDERS

No. of 7% Name 2003/2005 ICULS %

1) POS MALAYSIA BERHAD 3,879,000 14.08

2) HO HUP DEVELOPMENT SDN BHD 3,507,172 12.73

3) LEE KIM POH 3,000,000 10.89

4) SILVER YEAR CORPORATION SDN BHD 2,330,334 8.46

5) AEROQUIP CORPORATION SDN BHD 2,330,333 8.46

6) LEE KIM SAI @ LEE HOO 1,830,429 6.65

152 7) CARTABAN NOMINEES (TEMPATAN) SDN BHD 1,200,000 4.36 Amanah SSCM Nominees (Tempatan) Sdn Bhd For Malaysian Community & Education Foundation (BONDS-JP400B)

ANNUAL REPORT 2004 ANALYSIS OF IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCK HOLDINGS

As At 25 May 2004

THIRTY LARGEST 7% 2003/2005 ICULS HOLDERS (Cont’d)

No. of 7% Name 2003/2005 ICULS %

8) ONG BEE LIAN 949,000 3.45

9) ONN KOK PUAY (WENG GUOPEI) 784,000 2.85

10) CARTABAN NOMINEES (ASING) SDN BHD 321,000 1.17 Raffles Nominees For NTUC Income Insurance Co-Operative Ltd (Internal 43270)

11) KOTA BHARU SECURITIES SDN BHD 300,000 1.09

12) LIM KE ENG 200,000 0.73

13) SIM SWEE LIANG 200,000 0.73

14) TING KENG GUAN 200,000 0.73

15) WONG WOON KHUAN 200,000 0.73

16) TAN JIN BONG @ J B TAN 190,000 0.69

17) HONG SEE CHING 188,000 0.68

18) MUNSHIR BIN ABDULLAH 162,000 0.59

19) MAYBAN NOMINEES (TEMPATAN) SDN BHD 144,000 0.52 Pledged Securities Account For Tan Lok Kui (178AW0016)

20) POLYWELL ENTERPRISE SENDIRIAN BERHAD 141,000 0.51

21) HSBC NOMINEES (TEMPATAN) SDN BHD 138,600 0.50 HSBC (M) Trustee Bhd For The Hwang-DBS Select Opportunity Fund (3969)

22) YAP CHIN KIT 138,000 0.50

23) LIM JIT HAI 109,400 0.40

24) TAN SHAR 109,000 0.40

25) TASEC NOMINEES (ASING) SDN BHD 109,000 0.40 TA Securities (HK) Ltd For Jimmy Yap Chee Wan

26) MRS INDRANEE MUTHURAJAH 107,000 0.39

27) PM NOMINEES (TEMPATAN) SDN BHD 106,000 0.38 PCB Asset Management Sdn Bhd For Mary Tan @ Tan Hui Ngoh (SBAN)

28) CHUA AH MOI @ CHUA MIN CHOO 103,000 0.37

29) HSBC NOMINEES (TEMPATAN) SDN BHD 100,000 0.36 Pledged Securities Account For Liew Shou Kong (302-055959-089)

30) MAYBAN NOMINEES (TEMPATAN) SDN BHD 94,000 0.34 Pledged Securities Account For Hong See Ching (133AB8517) 153 23,170,268 84.12

ANNUAL REPORT 2004 ANALYSIS OF IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCK HOLDINGS

As At 25 May 2004

2. ANALYSIS OF 7% 2003/2006 IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCK HOLDINGS (7% 2003/2006 ICULS )

No. of 7% 2003/2006 ICULS Issued : 690,640 No. of 7% 2003/2006 ICULS Outstanding : 689,640 Conversion Period : 17 November 2003 to 19 April 2006 Conversion Price : Each 7% 2003/2006 ICULS is convertible into new Talam shares at RM1.00 per share Conversion Rights : Each registered holder of the 7% 2003/2006 ICULS has the right to convert such amount of the 7% 2003/2006 ICULS held (being RM1.00 nominal value of such 7% 2003/2006 ICULS or multiple thereof) into fully paid ordinary shares in the Company at the Conversion Price

DISTRIBUTION OF 7% 2003/2006 ICULS HOLDINGS

Size of Holdings No. of 7% % of 7% No. of 7% % of 7% 2003/2006 2003/2006 2003/2006 2003/2006 ICULS ICULS ICULS ICULS Holders Holders Held Held

Less than 100 0 0.00 0 0.00 100 - 1,000 144 96.64 54,600 7.92 1,001 - 10,000 4 2.68 17,600 2.55 10,001 - 34,481*1 0 0.00 0 0.00 34,482 and above*2 1 0.67 617,440 89.53

Total 149 100.00 689,640 100.00

Notes:

*1 - Less than 5% of outstanding 7% 2003/2006 ICULS *2 - 5% and above of outstanding 7% 2003/2006 ICULS

THIRTY LARGEST 7% 2003/2006 ICULS HOLDERS

No. of 7% Name 2003/2006 ICULS %

1) AZHANI BIN ABDUL WAHAB 617,440 89.53

2) AZHANI BIN ABDUL WAHAB 7,600 1.10

3) CHUA ENG KIAT 5,000 0.73

4) MAYBAN NOMINEES (TEMPATAN) SDN BHD 3,000 0.44 Pledged Securities Account For Koh Soo Wee (888AF0682)

5) LEE SEA WA 2,000 0.29

6) ABDUL GHAFUR BIN MAIDIN 1,000 0.15

154 7) ALDRAGEN A/L PACKINI @ NADARAJAN A/L PACKRI 1,000 0.15

ANNUAL REPORT 2004 ANALYSIS OF IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCK HOLDINGS

As At 25 May 2004

THIRTY LARGEST 7% 2003/2006 ICULS HOLDERS (Cont’d)

No. of 7% Name 2003/2006 ICULS %

8) ANG SENG OO 1,000 0.15

9) CHAN WENG CHUEN 1,000 0.15

10) CHIN BIH YUN 1,000 0.15

11) FOO NYOON KIM 1,000 0.15

12) GHAZI BIN MD OMAR 1,000 0.15

13) GOH BEE LANG 1,000 0.15

14) HENG YANG POO 1,000 0.15

15) HO KEH MING 1,000 0.15

16) JUNAIDAH BINTI BASRI 1,000 0.15

17) KAMAL EZANY BIN AB RASHID 1,000 0.15

18) KAMAROLZAMAN BIN HARON 1,000 0.15

19) KOK FOOK WAH 1,000 0.15

20) LAU KOK KHEONG 1,000 0.15

21) LEE KWEE HOON 1,000 0.15

22) LEE MOOI FAH 1,000 0.15

23) LEE WEI KEIN 1,000 0.15

24) LIEW SHOU KONG 1,000 0.15

25) LIM LAY HONG 1,000 0.15

26) MAK KAM WAN 1,000 0.15

27) MOHD AMIN BIN MOHD SURA 1,000 0.15

28) MOHD KHALID BIN SALLEH 1,000 0.15

29) MOHD SALLEH BIN DAUD 1,000 0.15

30) NG GEOT KEH 1,000 0.15

660,040 95.71 155

ANNUAL REPORT 2004 NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN THAT the 79th Annual General Meeting of Talam Corporation Berhad will be held at Perdana Ballroom, Pandan Lake Club, Lot 28, Jalan Perdana 3/8, Pandan Perdana, 55300 Kuala Lumpur on Tuesday, 27 July 2004 at 10.30 a.m. for the following purposes:-

AGENDA

1. To receive and adopt the Audited Financial Statements of the Company for the year (Resolution 1) ended 31st January 2004 and the Reports of the Directors and Auditors thereon.

2. To declare a final dividend of 5% less 28% Income Tax for the year ended 31st (Resolution 2) January 2004.

3. To approve the payment of Directors’ fees for the year ended 31st January 2004 (Resolution 3)

“THAT the fees payable to the Directors of the Company be increased from RM426,000 to RM579,000 for the year ended 31 January 2004.

4. To re-elect the following Directors who retire in accordance with Article 97 of the Articles of Association of the Company:-

4.1 Datuk Ab Rauf Bin Yusoh (Resolution 4) 4.2 Sulaiman Hew Bin Abdullah (Resolution 5)

5. To re-elect the Director, Tsen Keng Yam who retire in accordance with Article 81 of (Resolution 6) the Articles of Association of the Company.

6. To re-appoint Messrs. Ernst & Young as Auditors and to authorise the Directors to (Resolution 7) fix their remuneration.

7. AS SPECIAL BUSINESS

To consider and if thought fit to pass the following Special Resolution and Ordinary Resolutions

7.1 Special Resolution (Resolution 8) - Proposed Amendment to the Articles of Association

“THAT the meaning of the word “The Exchange” as set out in Article 2 on interpretation of words in the Articles of Association of the Company be amended from “Kuala Lumpur Stock Exchange” to “Bursa Malaysia Securities Berhad”.

7.2 Ordinary Resolution (Resolution 9) - Authority to allot and issue shares pursuant to Section 132D of the Companies Act, 1965

“THAT pursuant to Section 132D of the Companies Act, 1965, the Directors be and they are hereby authorised to issue shares in the Company at any time until the conclusion of the next Annual General Meeting and upon such terms and conditions and for such purposes as the Directors may in their absolute discretion deem fit, provided that the aggregate number of shares to be issued 156 does not exceed 10 percent of the issued share capital of the Company for the time being, subject always to the approval of all the relevant regulatory bodies being obtained for such allotments and issues.”

ANNUAL REPORT 2004 NOTICE OF ANNUAL GENERAL MEETING

7.3 Ordinary Resolution (Resolution 10) - Authority to allot and issue shares pursuant to Employees’ Share Option Scheme (“Scheme”)

“THAT pursuant to the Company’s Employees’ Share Option Scheme (“the Scheme”) which was approved at the Extraordinary General Meeting of the Company held on 10 October 2000, the Directors of the Company are empowered pursuant to Section 132D of the Companies Act, 1965 to allot and issue shares of the Company from time to time in accordance with the Scheme.”

7.4 Ordinary Resolution (Resolution 11) - Proposed shareholders’ mandate for Talam Corporation Berhad and its subsidiaries (“Talam Group”) to enter into recurrent transactions of a revenue or trading nature with related parties (“Proposed Shareholders’ Mandate I”)

“THAT, the Talam Group be and is hereby authorised to enter into all arrangements and/or transactions with Abra Development Sdn Bhd, Agrocon (M) Sdn Bhd, Mudi Angkasa Development Sdn Bhd, Perkhidmatan Sanjung (M) Sdn Bhd and Project 33 Construction Sdn Bhd (“Related Parties”), the nature of which is set out in Section 2.1.3 of the Circular to Shareholders dated 2 July 2004 provided that such arrangements and/or transactions are:-

(i) recurrent transactions of a revenue or trading nature;

(ii) necessary for the day-to-day operations;

(iii) carried out in the ordinary course of business on normal commercial terms which are not more favourable to the Related Parties than those generally available to the public (where applicable); and

(iv) are not to the detriment of the minority shareholders;

AND THAT such approval shall continue to be in force until:-

(i) the conclusion of the next AGM of the Company (and will be subject to annual renewal) unless by a resolution passed at an AGM whereby the authority is renewed;

(ii) the expiration of the period within which the next AGM of the Company subsequent to the date it is required to be held pursuant to Section 143(1) of the Companies Act, 1965 (“Act”) (but shall not extend to such extension as may be allowed pursuant to Section 143(2) of the Act); or

(iii) revoked or varied by resolution passed by the shareholders in an AGM or extraordinary general meeting;

whichever is earlier;

157

ANNUAL REPORT 2004 NOTICE OF ANNUAL GENERAL MEETING

AND THAT the breakdown of the aggregate value of the transactions of the Proposed Shareholders’ Mandate I conducted during the financial year will be disclosed in the Annual Report of the Company on the information of the type of the recurrent related party transactions made and the names of the related parties involved in each type of the recurrent related party transactions made and their relationship with the Company for the said financial year;

AND THAT the Directors of the Company be and are hereby authorised to complete and take all such steps and do all acts and things in such manner as the Directors of the Company may deem fit or expedient or necessary to give effect to the Proposed Shareholders’ Mandate I.”

7.5 Ordinary Resolution (Resolution 12) - Proposed shareholders’ mandate for Talam Corporation Berhad and its subsidiaries (“Talam Group”) to enter into recurrent transactions of a revenue or trading nature with related parties (“Proposed Shareholders’ Mandate II”)

“THAT, the Talam Group be and is hereby authorised to enter into all arrangements and/or transactions with Asian Resinated Felt Sdn Bhd, Dirga Niaga (Selangor) Sdn Bhd, Ice Masters Sdn Bhd, KEB Builders Sdn Bhd (formerly known as Talam Builders Sdn Bhd), Kekwa Indah Sdn Bhd and Konsortium LPB Sdn Bhd (“Related Parties”), the nature of which is set out in Section 2.1.3 of the Circular to Shareholders dated 2 July 2004 provided that such arrangements and/or transactions are:-

(i) recurrent transactions of a revenue or trading nature;

(ii) necessary for the day-to-day operations;

(iv) are not to the detriment of the minority shareholders;

AND THAT such approval shall continue to be in force until:-

(v) the conclusion of the next AGM of the Company (and will be subject to annual renewal) unless by a resolution passed at an AGM whereby the authority is renewed;

(vi) the expiration of the period within which the next AGM of the Company subsequent to the date it is required to be held pursuant to Section 143(1) of the Companies Act, 1965 (“Act”) (but shall not extend to such extension as may be allowed pursuant to Section 143(2) of the Act); or

(vii) revoked or varied by resolution passed by the shareholders in an AGM or extraordinary general meeting;

158 whichever is earlier;

ANNUAL REPORT 2004 NOTICE OF ANNUAL GENERAL MEETING

AND THAT the breakdown of the aggregate value of the transactions of the Proposed Shareholders’ Mandate II conducted during the financial year will be disclosed in the Annual Report of the Company on the information of the type of the recurrent related party transactions made and the names of the related parties involved in each type of the recurrent related party transactions made and their relationship with the Company for the said financial year;

7.6 Ordinary Resolution (Resolution 13) - Proposed Renewal of Authorisation to Enable Talam Corporation Berhad to Purchase up to 10% of the Issued and Paid-up Ordinary Share Capital of the Company Pursuant to Section 67A of the Companies Act, 1965 (“Proposed Renewal”)

“THAT subject to the Companies Act, 1965 (as may be amended, modified or re-enacted from time to time (“Act”), the provisions of the Memorandum and Articles of Association of the Company, the requirements of the Bursa Malaysia Securities Berhad (formerly known as Malaysia Securities Exchange Berhad) (“Bursa Malaysia”) and the approvals of all relevant governmental and/or regulatory authorities (if any), the Company be and is hereby authorized, to the fullest extent permitted by law, to purchase such amount of ordinary shares of RM1.00 each in the Company (“Proposed Renewal”) as may be determined by the Directors of the Company from time to time through the Bursa Malaysia upon such terms and conditions as the Directors may deem fit and expedient in the interest of the Company provided that:-

(i) the aggregate number of shares purchased pursuant to this Resolution does not exceed ten percent (10%) of the total issued and paid-up ordinary share capital of the Company;

(ii) an amount not exceeding the Company’s total retained profits of RM226,410,000 and the share premium of RM124,551,000 based on the audited financial statements of the Company as at 31 January 2004 be allocated by the Company for the Proposed Renewal; and

(iii) the Directors of the Company may decide either to cancel the shares so purchased; to retain the shares so purchased as treasury shares (as defined in Section 67A of the Act); to retain part of the shares so purchased as treasury shares and cancel the remainder and to deal with the shares so purchased in such other manner as may be permitted and prescribed by the Act, rules, regulations, guidelines, requirements and/ or orders pursuant to the Act and/or the rules, regulations, guidelines, requirements and/or orders of the Bursa Malaysia and any other relevant authorities for the time being in force;

159

ANNUAL REPORT 2004 NOTICE OF ANNUAL GENERAL MEETING

AND THAT the authority conferred by this resolution shall continue to be in force until:-

(a) the conclusion of the next AGM of Talam following the general meeting at which such resolution was passed at which time it shall lapse unless by ordinary resolution passed at that meeting, the authority is renewed, either unconditionally or subject to conditions;

(b) the expiration of the period within which the next AGM after that date is required by law to be held; or

whichever is the earlier.

Such authority shall not prejudice the completion of purchase(s) by the Company or any person before that aforesaid expiry date and in any event, in accordance with the provisions of the Listing Requirements by the Bursa Malaysia or any other relevant authorities.”

7.7 Ordinary Resolution (Resolution 14) - Authority pursuant to Section 132E of the Companies Act, 1965

“THAT pursuant to Section 132E of the Companies Act, 1965, authority be and is hereby given for the Company and each of its subsidiaries to enter into any arrangement or transaction with any Director of the Company or any person connected with such director to acquire from or dispose to such Director or person connected with such Director any non-cash assets of requisite value that is less than 5% of the total net tangible assets of the Group at the time of such acquisition or disposal.

AND THAT such authority shall continue to be in force until:

(i) the conclusion of the next Annual General Meeting of the Company; or

(ii) the expiration of the period within which the next Annual General Meeting of the Company is required to be tabled pursuant to Section 143(1) of the Companies Act, 1965 (but shall not extend to such extension as may be allowed pursuant to Section 143(2) of the Companies Act, 1965); or

(iii) revoked or varied by resolution passed by the shareholders in a general meeting;

whichever is earlier.”

8. To transact any ordinary business which due notice shall have been given.

160

ANNUAL REPORT 2004 NOTICE OF ANNUAL GENERAL MEETING

NOTICE OF BOOK CLOSURE

NOTICE IS ALSO HEREBY GIVEN THAT subject to the approval of the shareholders at the Annual General Meeting, a final dividend of 5% less 28% Income Tax, will be paid on 25 October 2004 to shareholders in the Record of Depositors on 30 September 2004.

A depositor shall qualify for entitlement only in respect of:- a) Shares transferred into the Depositor’s Securities Account before 4.00 p.m. on 30 September 2004 in respect of ordinary transfers; and b) Shares bought on the Bursa Malaysia Securities Berhad (Formerly known as Malaysia Securities Exchange Berhad) (“Bursa Malaysia”) on a cum entitlement basis according to the Rules of the Bursa Malaysia.

Warrant holders, Irredeemable Convertible Preference Shareholders, 7% 2003/2005 Irredeemable Convertible Unsecured Loan Stock Holders and 7% 2003/2006 Irredeemable Convertible Unsecured Loan Stock Holders are reminded to lodge with the Company’s Registrar, Securities Services (Holdings) Sdn Bhd of Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur, their Subscription Form/Form of Notice of Conversion and the exercise price (if applicable) for subscription/conversion of new shares together with administrative charges on or before 5.00 p.m. on 13 September 2004 to qualify for the above dividend entitlement.

BY ORDER OF THE BOARD

LIM MEI YOONG Secretary

Kuala Lumpur 2 July 2004

NOTES:

1. A member of the Company entitled to attend and vote at the meeting may appoint one (1) proxy to attend and vote instead of him. A proxy need not be a member of the Company and the provision of Section 149(1)(b) of the Companies Act, 1965 shall not apply to the Company.

2. The instrument appointing a proxy shall be in writing under the hand of the appointer or his attorney duly authorised in writing or if such appointer is a corporation under its common seal or the hand of its attorney.

3. All proxy form should be deposited at the Company’s Registered Office at Suite 2.05, Level 2, Menara Maxisegar, Jalan Pandan Indah 4/2, Pandan Indah, 55100 Kuala Lumpur not less than forty-eight (48) hours before the time appointed for holding the meeting or any adjournment thereof.

161

ANNUAL REPORT 2004 NOTICE OF ANNUAL GENERAL MEETING

EXPLANATORY NOTES TO THE SPECIAL BUSINESSES

4. Special Resolution no. (8) is to change the name of the Kuala Lumpur Stock Exchange to Bursa Malaysia Securities Berhad.

5. Ordinary Resolution no. (9) if passed, will give the Directors of the Company the authority to issue shares in the Company up to an amount not exceeding in total 10% of the issued share capital of the Company for such purposes as the Directors consider would be in the interest of the Company. This would avoid any delay and cost involved in convening general meeting to specifically approve such an issue of shares. This authority, unless revoked or varied at a general meeting, will expire at the next Annual General Meeting of the Company.

6. Ordinary Resolution no. (10), if passed, will give the Directors of the Company the authority to offer and grant options and issue shares in the Company pursuant to the Scheme approved at the Extraordinary General Meeting of the Company held on 10 October 2000.

7. For further information on Ordinary Resolution no. (11) pertaining to the Proposed renewal of shareholders’ mandate for Talam Corporation Berhad and its subsidiaries (“Talam Group”) to enter into recurrent transactions of a revenue or trading nature with related parties (“Proposed Shareholders’ Mandate I”), please refer to the Circular to Shareholders dated 2 July 2004 enclosed together with the Company’s 2004 Annual Report.

8. For further information on Ordinary Resolution no. (12) pertaining to the Proposed renewal of shareholders’ mandate for Talam Corporation Berhad and its subsidiaries (“Talam Group”) to enter into recurrent transactions of a revenue or trading nature with related parties (“Proposed Shareholders’ Mandate II”), please refer to the Circular to Shareholders dated 2 July 2004 enclosed together with the Company’s 2004 Annual Report.

9. For further information on Ordinary Resolution no. (13) pertaining to the Proposed Renewal of Authorisation to enable Talam Corporation Berhad to purchase up to 10% of the issued and paid-up ordinary share capital of the Company pursuant to Section 67A of the Companies Act, 1965, please refer to the Circular to Shareholder dated 2 July 2004 and the Share Buy-Back Statement dated 2 July 2004 enclosed together with the Company’s 2004 Annual Report.

10. Resolution pursuant to Section 132E of the Companies Act, 1965

Section 132E of the Companies Act, 1965 prohibits a company or its subsidiaries from entering into any arrangement or transaction with its directors or persons connected with such directors in respect of the acquisition from or disposal to such directors or connected persons of any non-cash assets of the requisite value without prior approval of the Company in general meeting. According to the Companies Act, 1965, a non-cash asset is considered to be of the requisite value, if at the time of arrangement or transaction, its value is greater than RM250,000.00 or 10% of the Company’s net assets, whichever is the lesser, subject to a minimum of RM10,000.00.

The proposed Ordinary Resolution no. (14), if passed, will authorize the Company and each of its subsidiaries to enter into any arrangement or transaction with a Director of the Company or with a person connected with such a Director to acquire from or dispose to such a Director or person any non-cash assets of the requisite value that is less than 5% of the total net tangible assets of the Group at the time of such acquisition or disposal.

162

ANNUAL REPORT 2004 STATEMENT ACCOMPANYING NOTICE OF ANNUAL GENERAL MEETING

1. Names of Directors standing for re-election

The Directors retiring by rotation and standing for re-election pursuant to Article 97 of the Articles of Association of the Company are:-

* Datuk Ab Rauf Bin Yusoh * Sulaiman Hew Bin Abdullah

The Directors retiring by rotation and standing for re-election pursuant to Article 81 of the Articles of Association of the Company is:-

* Tsen Keng Yam

The profile of each of the above-named Directors is set out in the section entitled “Profile of Directors” on pages 6 to 8. Their shareholdings in the Company and its related corporations are set out in the section entitled “Statement of Directors’ Interest on pages 142 to 143.

2. Attendance of Board of Directors’ Meetings

The information on Board Meetings and attendance of the Directors are in page 22 of the Annual Report.

3. Place, date and time of the 79th Annual General Meeting

The place, date and time of the 79th Annual General Meeting are as follows:-

Date Time Place

Tuesday, 27 July 2004 10.30 a.m. Perdana Ballroom Pandan Lake Club Lot 28, Jalan Perdana 3/8 Pandan Perdana 55300 Kuala Lumpur

163

ANNUAL REPORT 2004 PROXY FORM NO. OF SHARES HELD

I/We ______(NRIC No. ______) (Name in full and in block letters)

of ______(Full address) being a member/members of TALAM CORPORATION BERHAD (1120-H) hereby appoint ______

______(NRIC No. ______)

of ______(Full address) or failing him, the Chairman of the Meeting as my/our proxy to vote on my/our behalf at the 79th Annual General Meeting of the Company to be held at the Perdana Ballroom, Pandan Lake Club, Lot 28, Jalan Perdana 3/8, Pandan Perdana, 55300 Kuala Lumpur on Tuesday, 27 July 2004 at 10.30 a.m. and at any adjournment thereof, on the following resolutions referred to in the notice of the Annual General Meeting. My/our proxy is to vote as indicated below:

NO. RESOLUTION FOR AGAINST 1 To receive and adopt the Audited Financial Statements of the Company for the year ended 31st January 2004 and the Reports of the Directors and Auditors thereon.

2 To declare a final dividend of 5% less 28% Income Tax for the year ended 31st January 2004. 3 To approve the payment of Directors’ Fees for the year ended 31st January 2004.

4 To re-elect the Director, Datuk Ab Rauf Bin Yusoh who retire in accordance with Article 97 of the Articles of Association of the Company. 5 To re-elect the Director, Sulaiman Hew Bin Abdullah who retire in accordance with Article 97 of the Articles of Association of the Company.

6 To re-elect the Director, Tsen Keng Yam who retire in accordance with Article 81 of the Articles of Association of the Company.

7 To re-appoint Messrs Ernst & Young as Auditors and to authorize the Directors to fix their remuneration.

8 As Special Business Special Resolution Proposed Amendment to the Articles of Association.

9 As Special Business Ordinary Resolution Authority to allot and issue shares pursuant to Section 132D of the Companies Act, 1965.

10 As Special Business Ordinary Resolution Authority to allot and issue shares pursuant to Employees’ Share Option Scheme.

11 As Special Business Ordinary Resolution Proposed shareholders’ mandate for Talam Corporation Berhad and its subsidiaries to enter into recurrent transactions of a revenue or trading nature with related parties (“Proposed Shareholders’ Mandate I”). 12 As Special Business Ordinary Resolution Proposed shareholders’ mandate for Talam Corporation Berhad and its subsidiaries to enter into recurrent transactions of a revenue or trading nature with related parties (“Proposed Shareholders’ Mandate II”).

13 As Special Business Ordinary Resolution Proposed Renewal of Authorisation to enable Talam Corporation Berhad to purchase up to 10% of the Issued and Paid-up Ordinary Share Capital of the Company pursuant to Section 67A of the Companies Act, 1965. 14 As Special Business Ordinary Resolution Authority pursuant to Section 132E of the Companies Act, 1965.

(Please indicate with an “X” in the appropriate spaces how you wish your vote to be casted. If you do not indicate how you wish your proxy to vote on any resolution, the proxy shall vote as he thinks fit, or at his discretion, abstains from voting).

Signed this ______day of ______2004

Signature/Common Seal of Shareholder(s) Notes:- 1. A member of the Company entitled to attend and vote at the meeting may appoint one (1) proxy to attend and vote instead of him. A proxy need not be a member of the Company and the provision of Section 149 (1)(b) of the Companies Act, 1965 shall not apply to the Company. 2. The instrument appointing a proxy shall be in writing under the hand of the appointer or his attorney duly authorized in writing or if such appointer is a corporation under its common seal or the hand of its attorney. 3. All forms of proxy must be deposited at the Registered Office of the Company situated at Suite 2.05, Level 2, Menara Maxisegar, Jalan Pandan Indah 4/2, Pandan Indah, 55100 Kuala Lumpur not less than 48 hours before the time appointed for holding the meeting or any adjournment thereof. ✄ Please fold here

Stamp

The Company Secretary TALAM CORPORATION BERHAD (1120-H) Suite 2.05, Level 2, Menara Maxisegar Jalan Pandan Indah 4/2 Pandah Indah 55100 Kuala Lumpur

Please fold here