General Announcement
Reference No CU-050217-46057

Submitting Merchant Bank	:	ASEAMBANKERS MALAYSIA BERHAD
Company Name	:	ISLAND & PENINSULAR BERHAD
Stock Name	:	I&P
Date Announced	:	17/02/2005


Type	:	Announcement
Subject	:	ISLAND & PENINSULAR BERHAD ("I&P" OR "THE COMPANY") · Voluntary Offer To Acquire 70,599,161 Ordinary Shares Of RM1.00 Each Representing The Entire Issued And Paid-Up Share Capital Of Negara Properties (M) Berhad ("Negara"), At A Purchase Consideration Of RM310,000,000 Or RM4.39 Per Negara Share To Be Satisfied By The Issuance Of Approximately 91,176,470 New Ordinary Shares Of RM1.00 Each In I&P At An Issue Price Of Approximately RM3.40 Per Share (Hereinafter referred to as "Voluntary Offer")

Contents :

We refer to the above matter.

In relation to the offer document despatched to the shareholders of Negara on 14 January 2005, Aseambankers Malaysia Berhad on behalf of I&P wishes to announce that the closing date for the Voluntary Offer has been revised to 5 p.m. (Malaysian time) on 10 March 2005. Details of the revised closing period is attached herewith for your attention.