Type: Announcement
Subject: Article Entitled : "Metacorp may go private"

Contents
We refer to Bursa Malaysia Securities Berhad's ("Bursa Securities") query letter dated 15 May 2006 (Ref No. : MN-060515-44371) which we received on 17 May 2006 in relation to the article appearing in The Edge, page 14, on Monday, 15 May 2006 in particular to the following statement :

"...MTD Capital, ... is looking at taking the company private...."

Metacorp Berhad ("the Company") would like to clarify to Bursa Securities that after having made due enquiry and to the best knowledge of the Company, there is no intention to privatise the Company and the Company is not aware of the source of the above said article.

This announcement is dated 17 May 2006.

Query Letter content :

We refer to the above article appearing in The Edge, page 14, on Monday, 15 May
2006, a copy of which is enclosed for your reference.

In particular, we would like to draw your attention to the underlined sentence
which is reproduced as follows :

"... MTD Capital, ... is looking at taking the company private ..."

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
sentence 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 sentence 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 sentence or any other part of the
article, you are required to set forth facts sufficient to support the same.

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

Yours faithfully,

TAN YEW ENG
Sector Head
Issues & Listing
Group Regulations
TYE/LMN
cc: Encik Chung Tin Fah
Securities Commission (via fax)