KUB

PROPOSED ACQUISITION

- Acquisition of 3,300,000 ordinary shares of RM1.00 each representing 30% of


the equity interest in KUB-Fujitsu Telecommunications (Malaysia) Sdn Bhd

("KUB-Fujitsu") by KUB Telekomunikasi Sdn Bhd (the Proposed Acquisition).

The Board of Directors of KUBM wishes to announce that its wholly-owned

subsidiary, KUB Telekomunikasi Sdn. Bhd. (KUBTel or the Purchaser) has entered

into a Sale and Purchase Share Agreement (the Agreement) with Fujitsu Limited

and Marubeni Corporation (the Vendors), both companies incorporated in Japan,

for the acquisition of 3,300,000 ordinary shares of RM1.00 each representing

30% of the equity interest in KUB-Fujitsu Telecommunications (Malaysia) Sdn Bhd

("KUB-Fujitsu") for a total cash consideration of RM1,500,000.00 (Purchase

Consideration).