General Announcement

03/04/2003

Disposal of 25.5% Equity Interest in Malaysian Issuing House Sdn Bhd by Commerce International Merchant Bankers Berhad

CIMB BERHAD

Type

Announcement
SubjectDisposal of 25.5% Equity Interest in Malaysian Issuing House Sdn Bhd by Commerce
International Merchant Bankers Berhad

Contents :

CIMB Berhad (CIMB) wishes to announce that its wholly-owned subsidiary, Commerce International Merchant

Bankers Berhad, had on 2 April 2003 entered into a conditional sale and purchase agreement with Symphony
House Berhad (Symphony House) to dispose its 25.5% equity interest comprising 637,500 ordinary shares
of RM1.00 each in Malaysian Issuing House Sdn. Bhd. (MIH) to Symphony House for a cash consideration of
RM624,272.

The purchase consideration was arrived at on a willing-buyer and willing-seller basis, based on the adjusted
unaudited net tangible assets (NTA) of MIH as at 31 December 2002.

The disposal of the 25.5% equity interest in MIH by Commerce International Merchant Bankers Berhad
will not have any material effect on the consolidated earnings and NTA of CIMB.

None of the directors or substantial shareholders of CIMB, and/or persons connected with them have
any interest, directly or indirectly, in the disposal.

This announcement is dated 3 April 2003.


Announcement Info

Company NameCIMB BERHAD  
Stock Name CIMB
Date Announced3 Apr 2003  
CategoryGeneral Announcement
Reference NoCC-030403-61939

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