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Mesiniaga wishes to announce that the Company's and the Group's internal information system are now Y2K Compliant.
All areas considered to be key and critical have been tested and confirmed to be Y2K Compliant. Mesiniaga has also put in place contingency plans on critical systems in the event of failure of its systems to be Y2K Compliant come year 2000.
A 24 hours Y2K Response Centre has also been set-up to deal with customers' Y2K issues.
In efforts to ensure that the Company will not be affected by any exposure to third parties whom the Company has material business relationships, Mesiniaga has taken measures which include obtaining written confirmation statememts from its suppliers that they are Y2K Compliant and identifying other alternative sources for IT products.
In addressing the Y2K issue, Mesiniaga has, to date incurred expenses to approximately RM100,000. This amount, however, excludes the expertise and resources provided "in-house" by the Y2K Committee and the Mesiniaga personnel involved in addressing the Y2K issue.
Premised on the above, Mesiniaga is confident that the year 2000 will have minimal impact on the operations of the Company.