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Southern Steel Berhad (the Company) proposes to amend its existing Article 106 which reads as follows:
The quorum necessary for convening a meeting of the directors shall be five (5) and a meeting of the directors for the time being at which a quorum is present shall be competent to exercise all or any of the powers, authorities and discretions by or under these Articles vested in or exercisable by the directors generally.
by deleting the word five (5) in line 1 and substituting with the word three (3) to read as:
The quorum necessary for convening a meeting of the directors shall be three (3) and a meeting of the directors for the time being at which a quorum is present shall be competent to exercise all or any of the powers, authorities and discretions by or under these Articles vested in or exercisable by the directors generally.
This announcement is dated 12 May 2003.