Resolutions Passed At The Annual General Meeting ("AGM") Of Reliance Pacific Berhad ("RPB")

BackSep 27, 2007

On behalf of the Board of Directors of RPB, we are pleased to announce that at the AGM held today, all the resolutions including the following resolutions were confirmed carried:-

1.0 Section 132 D of the Companies Act 1965

"THAT subject always to the approval of all the relevant regulatory bodies being obtained, the Directors be and are hereby authorised, pursuant to Section 132D of the Companies' Act 1965, to allot and issue shares in the Company at any time until the conclusion of the next Annual General Meeting and upon such terms and conditions and for such purpose as the Directors may, in their absolute discretion, deem fit provided that the aggregate number of shares to be issued does not exceed 10 per centum of the issued share capital of the Company for the time being."


2.0 Proposed Renewal of Shareholders' Mandate on Recurrent Related Party Transactions of a Revenue or Trading Nature.

"THAT subject to the Companies' Act, 1965, the Memorandum and Articles of Association of the Company, the requirements of the Bursa Malaysia Securities Berhad and all relevant authorities, approval be and is hereby given to the Company and its subsidiaries, to enter and give effect to specified recurrent related party transactions of a revenue or trading nature and with specified classes of the related parties as stated in Section 2.1 of the Circular to shareholders dated 5 September 2007 which are necessary for the Group's day-to-day operations subject further to the following:-
i) the transactions are in the ordinary course of business and are on terms not more favourable to the related parties other than those generally available to the public and are not to the detriment of the minority shareholders; and

ii) the Mandate is subject to annual renewal which shall only continue to be in force until:-
(a) the conclusion of the first annual general meeting of the Company following the general meeting at which such Mandate was passed, at which time it will lapse, unless by a resolution passed at the meeting, the authority is renewed;

(b) the expiration of the period within which the next annual general meeting after that date is required to be held pursuant to section 143(1) of the Companies Act, 1965 ("CA") (but shall not extend to such extension as may be allowed pursuant to section 143(2) of CA); or

(c) revoked or varied by resolution passed by the shareholders in general meeting,


whichever is the earlier.

AND THAT the Directors be and are hereby empowered to do all acts and things to give effect to the General Mandate on Recurrent Related Party Transactions.

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