Bursa Malaysia Board Approves Blue Form Scheme For Remisier Shareholders

Bursa Malaysia Berhad would like to announce that its Board of Directors in a meeting today has approved the proposal from Management to set aside 16.6 million Bursa Malaysia shares from the proposed public issue under the Initial Public Offer (IPO) for subscription by existing remisier shareholders under a Blue Form Scheme.

The proposal would allow remisier shareholders to subscribe to a maximum of 332 new shares for every 1,000 shares held prior to the proposed Scheme of Arrangement. The implementation of the Blue Form Scheme will not affect the public spread of Bursa shares.

The proposal is subject to the Securities Commission's approval and the Scheme of Arrangement receiving the required shareholders approval.

Bursa Malaysia will hold an Extraordinary General Meeting and a Court Convened Meeting to seek shareholders approval for various resolutions with respect to its proposed IPO and listing tomorrow, 11 December 2004.