General Announcement

29/09/2006

Article entitled : "SDarby okays Ramunia takeover, say sources"

SIME DARBY BERHAD

Type

Reply to query
Reply to Bursa Malaysia's Query Letter - Reference IDPY-060928-39442
SubjectArticle entitled : "SDarby okays Ramunia takeover, say sources"

Contents :

    We refer to the letter from Bursa Malaysia Securities Berhad ("BMSB") to Sime Darby Berhad ("SDB" or "the Company") dated 28th September 2006 in connection with the abovetitled news article appearing in The Sun, Business News, Page 16, on Thursday, 28th September 2006 which states the following:-

    "........Sime Darby Bhd is believed to be proceeding with a planned acquisition of an over 50% stake in Ramunia Holdings Bhd from the latter's chairman Datuk Azizul Rahman Abdul Samad, and a subsequent mandatory general offer for all the shares in the oil and gas fabricator"

    "........Sime Darby may consider merging Ramunia with Sime Engineering after the takeover exercise is completed."

    SDB wishes to advise that it is in preliminary discussions for the acquisition of a majority interest in Ramunia Holdings Berhad. However, discussions are still ongoing and to-date, agreement on the main terms of the transaction has yet to be reached with the vendor.
    SDB also wishes to advise that, at this juncture, it has no plans to merge Ramunia Holdings Berhad, if acquired, with its 70% owned subsidiary, Sime Engineering Services Berhad.

    In the event an agreement is reached on the proposed acquisition, the Company will furnish BMSB with an immediate announcement for public release.
    This announcement is dated 29th September 2006.

Query Letter Contents :


We refer to the above news article appearing in The Sun, Business News, Page
16, Thursday, 28 September 2006 , a copy of which is enclosed for your
reference.
In particular, we would like to draw your attention to the underlined
sentences, which are reproduced as follows:-
"Sime Darby Bhd is believed to be proceeding with a planned acquisition of an
over 50% stake in Ramunia Holdings Bhd from the latter's chairman Datuk Azizul
Rahman Abdul Samad, and a subsequent mandatory general offer for all the shares
in the oil and gas fabricator "
"... Sime Darby may consider merging Ramunia with Sime Engineering after the
takeover exercise is completed."
In accordance with Bursa Securities' Corporate Disclosure Policy, you are
requested to furnish Bursa Securities with an announcement for public release
confirming or denying the above reported article in particular the underlined
sentences after due and diligent enquiry with all the directors, major
shareholders and all such other persons reasonably familiar with the matters
about which the disclosure is to be made in this respect. In the event you deny
the above reported sentences or any other part of the article, you are required
to set forth facts sufficient to clarify any misleading aspects of the same. In
the event you confirm the above reported sentences or any other part of the
article, you are required to set forth facts sufficient to support the same.

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Sime Darby Bhd
ARTICLE ENTITLED: "SDarby okays Ramunia takeover, say sources"

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully

JOHAN ABDULLAH
Head
Listing Division
Group Regulations
TYE/LPY
cc: Encik Chung Tin Fah, Securities Commission
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Announcement Info

Company NameSIME DARBY BERHAD  
Stock Name SIME    
Date Announced29 Sept 2006  
CategoryGeneral Announcement
Reference NoSD-060928-E5278

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