KLSE Resumes Operations Successfully

The Kuala Lumpur Stock Exchange (KLSE) resumed full operations today Monday, 3 January 2000 after successfully confirming its systems are free of Y2K problems over the New Year's weekend. KLSE's full operations include its trading, clearing and settlement and depository operations. Both the morning and afternoon trading sessions were conducted smoothly at the KLSE with no Y2K problems. In fact, all six (6) KLSE mission critical systems were confirmed to be free of any Y2K problems after 1:00 a.m., 1 January 2000. The mission critical systems include those involving: Trading; Clearing & Settlement ; Depository ; Surveillance; Stock information ; Public listed companies disclosure information . All stockbroking companies and Authorised Direct Members (ADMs) - comprising custodian banks and institutional funds have also declared they are free of Y2K problems. On 1 January 2000, KLSE successfully completed conducting its post Y2K end-to-end industry wide test on trading related systems, including testing both the first and second trading sessions. The post Y2K end-to-end industry test involving KLSE and all stockbroking companies confirmed that stockbroking companies are free of Y2K problems. KLSE's internal user systems have also been verified to be free of Y2K problems. KLSE will continue its scheduled Y2K compliance monitoring until tomorrow, Tuesday, 4 January 2000 to include status updates of: stockbroking companies settlement. stockbroking companies processing systems of previous day trade contracts. settlement files downloading from KLSE to stockbroking companies. Investors can continue to make Y2K enquiries at the KLSE at telephone no: 03-466 6166 (Hunting Line) and fax no: 03-466 6164 which are operational for 24 hours from 1 January to 4 January 2000. Investors who wish to obtain their Central Depository System (CDS) account statements can continue to do so as usual at stockbroking companies and ADMs during business hours.