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BURSA ANNOUNCEMENTS

Date : 30 August 2000

QUERY ON ARTICLE ENTITLED " MAYBANK LIKELY TO ACQUIRE MNI AS PNB MOVE TO INSURANCE UNITS"

MNI HOLDINGS BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDPL-000829-42544
SubjectQUERY ON ARTICLE ENTITLED " MAYBANK LIKELY TO ACQUIRE MNI AS PNB MOVE TO INSURANCE UNITS"

Contents :

With reference to your query on the above article appearing in The Edge Online on 28 August 2000, we would like to advise the Exchange that neither the Board of Directors of MNI Holdings Berhad nor its substantial shareholder, Permodalan Nasional Berhad (PNB) has knowledge nor has deliberated on such matter.

Query Letter Contents :

We refer to the above article appearing in The Edge Online, on 28 August 2000,
a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
"Malaysia's largest commercial bank, Malayan Banking Bhd (Maybank) is expected
to take over Malaysia National Insurance Bhd (MNI) - the country's largest
insurance company - as Permodalan Nasional Bhd (PNB) moves to consolidate its
insurance business."
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentence after due and diligent enquiry with all the directors,
substantial shareholders and all such other persons reasonably familiar with
the matters about which the disclosure is to be made in this respect. In the
event you deny the above sentence or any other part of the above reported
article, you are required to set forth facts sufficient to clarify any
misleading aspects of the same. In the event you confirm the above sentence or
any other part of the above reported article, you are required to set forth
facts sufficient to support the same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.

Yours faithfully


Chong Fui Tzy
Manager, Listing Operations
ASL/TPL
c.c. Securities Commission (via fax)
(Attn: Encik Onn Ismail, Market Surveillance Department)



Announcement Info

Company NameMNI HOLDINGS BERHAD  
Stock Name MNI    
Date Announced30 Aug 2000  
CategoryGeneral Announcement
Reference NoMH-000830-42756

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