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 To The Terms And Conditions Of Two (2) Separate Profit Guarantees Given Pursuant To The Shares Sale Agreement Dated 6 December 1993 And The Supplemental Shares Sale Agreement Dated 27 December 1994 In Relation To The Acquisitions By Jth Of The Entire Issued And Paid-Up Share Capital Of Jaya Tiasa Plywood Sdn. Bhd. And Rimbunan Hijau Plywood Sdn. Bhd. Respectively; And Proposal For Purchase Of Own Shares

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 TO THE TERMS AND CONDITIONS OF TWO (2) SEPARATE PROFIT GUARANTEES GIVEN PURSUANT TO THE SHARES SALE AGREEMENT DATED 6 DECEMBER 1993 AND THE SUPPLEMENTAL SHARES SALE AGREEMENT DATED 27 DECEMBER 1994 IN RELATION TO THE ACQUISITIONS BY JTH OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF JAYA TIASA PLYWOOD SDN. BHD. AND RIMBUNAN HIJAU PLYWOOD SDN. BHD. RESPECTIVELY; AND PROPOSAL FOR PURCHASE OF OWN SHARES