Singapore Exchange: Migration Of CLOB Malaysian Securities

Investors with Clob Malaysian ("Clob") securities in CDP's nominee account with the Malaysian Central Depository ("MCD") will soon receive a Form of Authorisation to transfer their Clob securities to their own Central Depository System ("CDS") account with MCD. The transfer will be staggered over 9 months, from 31 Dec 2002 to 29 Sep 2003. An administrative fee is payable to Malaysia's Securities Clearing Automated Network Services ("SCANS") for effecting the transfer.