Table 1

Movement in share premium account and retained earnings

Scenario A

	Audited as at 31 December 2000 RM'000		Capitalisation for the Proposed Bonus Issue I and Proposed Bonus Issue II RM'000		After the Proposed Bonus Issue I and Proposed Bonus Issue II RM'000
Share premium account	228,662		(57,233)		171,429
Retained earnings (at Company level)	177,039		(115,617)		61,422

Scenario B

	Audited as at 31 December 2000 RM'000		After full exercise of Outstanding Warrants and ESOS Options RM'000		Capitalisation for the Proposed Bonus Issue I and Proposed Bonus Issue II RM'000		After the Proposed Bonus Issue I and Proposed Bonus Issue II RM'000
Share premium account	228,662		499,168		(235,588)		263,580
Retained earnings (at Company level)	177,039		177,039		-		177,039

Table 2

Proceeds raised and utilisation of proceeds

	Scenario A RM		Scenario B RM
Amount to be raised from:
Proposed Rights Issue	275,699,400		401,176,000
Proposed Special Issue	70,000,000		70,000,000
	345,699,400		471,176,000
To be utilised for:
Repayment of bank borrowings	300,000,000		300,000,000
Working capital and estimated expenses relating to the Proposals	45,699,400		171,176,000
	345,699,400		471,176,000

Table 3

Movement in Issued and Paid-up Share Capital

Issued and paid-up	Scenario A No. of ordinary shares of RM1.00 each		Scenario B No. of ordinary shares of RM1.00 each
As at 13 March 2002	275,699,400		275,699,400
To be issued upon full exercise of Outstanding Warrants	-		97,907,600
To be issued upon full exercise of ESOS Options	-		27,569,000
	275,699,400		401,176,000
To be issued pursuant to the Proposed Rights Issue	275,699,400		401,176,000
To be issued pursuant to the Proposed Bonus Issue I	137,849,700		200,588,000
To be issued pursuant to the Proposed Special Issue	70,000,000		70,000,000
To be issued pursuant to the Proposed Bonus Issue II	35,000,000		35,000,000
Enlarged share capital after the Proposals	794,248,500		1,107,940,000

Table 4

Movement in NTA

Scenario A

	Audited as at 31.12.2000 RM'000	(a) After the Proposed Rights Issue and Proposed Bonus Issue I RM'000	(b) After (a), the Proposed Special Issue and Proposed Bonus Issue II RM'000
Share capital - preference shares	19,048	19,048	19,048
- ordinary shares	275,699	689,249	794,249
Share premium	228,662	171,429	171,429
Reserves on consolidation	1,554	1,554	1,554
Exchange reserves	978	978	978
Retained profit	260,272	179,6551	144,6551
Shareholders' funds	786,213	1,061,913	1,131,913
Less: Intangible assets	(6,404)	(6,404)	(6,404)
NTA	779,809	1,055,509	1,125,509
No. of ordinary shares in issue ('000)	275,699	689,249	794,249
NTA per ordinary share (RM)2	2.14	1.26	1.18
Gearing (times)3	0.99	0.36	0.31

Notes:

¹ Has not taken into account the estimated expenses associated with the Proposals, which are not expected to be significant comparatively.

² The NTA per ordinary share does not include the Cumulative Redeemable Preference Shares ("CRPS").

³ The gearing ratio does not include the CRPS.


Scenario B

	Audited as at 31.12.2000 RM'000	(a) After full exercise of Outstanding Warrants and ESOS Options2 RM'000	(b) After (a), the Proposed Rights Issue and Proposed Bonus Issue I RM'000	(c) After (b), the Proposed Special Issue and Proposed Bonus Issue II RM'000
Share capital - preference shares	19,048	19,048	19,048	19,048
- ordinary shares	275,699	401,176	1,002,940	1,107,940
Share premium	228,662	499,168	298,580	263,580
Reserves on consolidation	1,554	1,554	1,554	1,554
Exchange reserves	978	978	978	978
Retained profits	260,272	260,272	260,2721	260,2721
Shareholders' funds	786,213	1,182,196	1,583,371	1,653,371
Less: Intangible assets	(6,404)	(6,404)	(6,404)	(6,404)
NTA	779,809	1,175,792	1,576,967	1,646,967
No. of ordinary shares in issue ('000)	275,699	401,176	1,002,940	1,107,940
NTA per ordinary share (RM)3	2.14	2.46	1.38	1.31
Gearing (times)4	0.99	0.60	0.14	0.08

Notes:

¹ Has not taken into account the estimated expenses associated with the Proposals, which are not expected to be significant comparatively.

² Assuming all the Outstanding Warrants are exercised at the exercise price of RM3.31 per share and all the 7,028,000 Outstanding ESOS Options are exercised at the exercise price of RM5.00 per share and the balance of the 20,541,000 ESOS options which have yet to be granted are issued and exercised at the assumed exercise price of RM1.79 per share based on the WAP of CHHB for the 5 market days up to 13 March 2002.

³ The NTA per ordinary share does not include the CRPS.

⁴ The gearing ratio does not include the CRPS.

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