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21 Oct 2005

DEALINGS BY PRINCIPAL OFFICER IN SECURITIES
-NOTICE OF INTENTION TO DEAL IN SECURITIES IN MALAYSIA STEEL WORKS (KL) BHD (THE "COMPANY") DURING CLOSED PERIOD

Contents :

Pursuant to Paragraph 14.08 (a) of the Bursa Securities Listing Requirements, this is to notify you of the intention of the following person:-

Nicholas V. Borgonia, Plant Manager


(referred to as "affected person") to deal in the Company's securities during the closed period.

In accordance with Paragraph 14.08 (c) of the Bursa Securities Listing Requirements, the affected person will inform Bursa Securities on the details of his dealing within one (1) full trading day after the transactions.

The current shareholding of the affected person is as follows:-

Name No. of Ordinary Shares
Nicholas V. Borgonia 40,000




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