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29 Jan 2007

MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR “COMPANY”)
PRIVATE PLACEMENT OF UP TO 13,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN MASTEEL (“PLACEMENT SHARES”) REPRESENTING NOT MORE THAN 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MASTEEL (“PRIVATE PLACEMENT”)

Contents :

We refer to the announcements dated 9 January 2006, 15 February 2006, 21 February 2006, 16 March 2006, 3 August 2006 and 12 January 2007 in relation to the Private Placement.


On behalf of MASTEEL, CIMB Investment Bank Berhad (formerly known as Commerce International Merchant Bankers Berhad) is pleased to announce that the Private Placement has been completed on 29 January 2007 with the listing of 13,000,000 Placement Shares issued pursuant to the Private Placement on the Main Board of Bursa Malaysia Securities Berhad from 9.00 a.m., 29 January 2007.

This announcement is dated 29 January 2007.


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