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Jaya Tiasa Holdings Berhad ("Jth") Proposed Variation To The Terms And Conditions Of The Profits Guarantee And Stakeholders' Agreement Dated 8 January 1998 In Relation To The Acquisitions By Jth Of The Entire Equity Interest In Seven (7) Timber Licensee Companies And 70% Equity Interest In Two (2) Timber Licensee Companies, And The Acquisitions Upon Issue Of Two (2) New Timber Licences Concurrently With The Surrender And Cancellation Of The Two (2) Original Timber Licences By Two (2) Original Timber Licence Holders ("Proposed Variation")

BackMar 17, 2000

General Announcement
Reference No MM-000317-37793

Submitting Merchant Bank	:	COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD
Company Name	:	JAYA TIASA HOLDINGS BHD
Stock Name	:	JTIASA
Date Announced	:	17/03/2000


Type	:	Announcement
Subject	:	JAYA TIASA HOLDINGS BERHAD ("JTH") PROPOSED VARIATION TO THE TERMS AND CONDITIONS OF THE PROFITS GUARANTEE AND STAKEHOLDERS' AGREEMENT DATED 8 JANUARY 1998 IN RELATION TO THE ACQUISITIONS BY JTH OF THE ENTIRE EQUITY INTEREST IN SEVEN (7) TIMBER LICENSEE COMPANIES AND 70% EQUITY INTEREST IN TWO (2) TIMBER LICENSEE COMPANIES, AND THE ACQUISITIONS UPON ISSUE OF TWO (2) NEW TIMBER LICENCES CONCURRENTLY WITH THE SURRENDER AND CANCELLATION OF THE TWO (2) ORIGINAL TIMBER LICENCES BY TWO (2) ORIGINAL TIMBER LICENCE HOLDERS ("PROPOSED VARIATION")

Contents :

We refer to our announcement dated 16 February 2000 in relation to the above.

On behalf of JTH, Commerce International Merchant Bankers Berhad wishes to announce that the Securities Commission had on 7 March 2000 approved the revised yearly guaranteed pre-tax profit for the Proposed Variation as set out in Table 1 below.

TABLE 1

Financial year ended/ending 30 April	1999	2000	2001	2002	2003	Aggregate
Revised guaranteed pre-tax profit (RM'million)	100	65	65	65	13	308

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