Contents :

We refer to Bursa Malaysia Securities Berhad’s letter dated 30 July 2004 (Ref: ME-040730-32847) in respect of the unusual market activity with regards to Perisai Petroleum Teknologi Bhd’s ("Perisai") shares.

The Board of Directors of Perisai after having made due enquiry, wishes to confirm that, to the best of their knowledge, they are not aware of any reason for the unusual market activity in Perisai’s shares.

Query Letter Contents :

We draw your attention to the high trading volume in your Company’s shares
recently.
In accordance with Part IV of Guidance Notes 1 of the Listing Requirements of
the Bursa Malaysia Securities Berhad for MESDAQ Market (“Bursa Securities
MMLR”) on Response To Unusual Market Activity, you are requested to furnish
Bursa Securities with an announcement for public release after a due enquiry
seeking the cause of the unusual market activity in the Company’s securities.
When considering your response and when making the required announcement, your
attention is particularly drawn to the continuing disclosure requirements set
out in Guidance Notes 1 and Parts IV and V of Chapter 7 of the Bursa Securities
MMLR.
The announcement is to reach Bursa Securities by today via Bursa Link.

Yours faithfully



FUNG RU HUEY
Sector Head, Listing Compliance
Group Regulations
/asu