Singapore Exchange Limited: CLOB Scheme B Gets Only 10% Acceptance - Remaining Investors Have Until 2 December To Submit Forms

Singapore Exchange Limited (SGX) today announced that The Central Depository (CDP) has received 1,200 acceptances from investors to migrate their CLOB Malaysian (CLOB) securities under Scheme B. This represents only 10% of the 12,000 CLOB investors who have been sent acceptance documents on 8 November 2002 to migrate their shares under Scheme B.

The remaining 90% of the CLOB investors who wish to transfer their CLOB securities from CDP's nominee account with Malaysian Central Depository (MCD), to their own Malaysian Central Depository Account System (CDS) account, have until 2 December 2002 to submit their acceptance forms.

According to a Kuala Lumpur Stock Exchange statement on 31 December 1999, CLOB securities not migrated to investors' CDS accounts will be transferred to the Malaysian Minister of Finance. These investors have to make their claims through the Malaysian Accountant-General's office.

Investors who have CLOB securities accounts remaining in CDP's account, but have not received the Scheme B documents, are advised to contact CDP immediately at 6535 7511. They may also collect a copy of the documents at the CDP Customer Service counters located at 4 Shenton Way, #02-01, SGX Centre 2. CDP is open from 8.30am to 5pm on Mondays to Fridays, and from 9am to 12.30pm on Saturdays.