Table 1 - Summary of the key financial information of PEHSB for the 5 financial period/years ended in 1998 to 2002

	1998 RM'000	1999 RM'000	2000 RM'000	2001 RM'000	2002 RM'000
Turnover	-	-	-	13,774	38,880
Profit before tax	(34,524)	(3,403)	(76,288)	(78,198)	317,936
Profit after tax	(34,524)	(3,403)	(77,688)	(78,150)	222,936
No. of ordinary shares in issue ('000)	2,000	2,000	2,000	2,000	2,000
Net earnings per share (sen)	(1.73)	(0.17)	(3.88)	(3.91)	13.38
Shareholders' funds	1,965	1,962	1,884	1,806	2,066
Dividend rate	-	-	-	-	-
Total borrowings	-	-	2,000	1,000	1,800

Table 2 - Cost of investment

Date of subscription	Number of PEHSB Shares subscribed	Cost (RM)
25.02.97	2	2
10.04.97	4	4
06.05.97	1,999,994	1,999,994

Table 3 - Details of contracts of PEHSB

	Description of works	Estimated date of commencement	Estimated date of completion	Estimated Total Value
				RM'million
Secured project
Alam Perdana, Phase 1#1	Construction	July 2001	June 2002	60
Alam Perdana, Phase 1B#1	Construction	September 2002	January 2004	40
Alam Perdana, Phase 1C#1	Construction	September 2002	January 2004	43
Hotel, apartment and shopping complex in Zhongshan#1	Project management	April 2002	March 2004	6
To be secured project
Proposed condominium, Hujong Pasir, Melaka #2	Construction	August 2003	April 2005	29
Factory in Zhongshan#2	Project management	June 2002	May 2003	1
Wisma Koo#2	Construction	April 2005	March 2007	17
Pasir Mas Integrated Transport City, Kelantan (2nd Phase)* ^1	Earth work and Associated works	June 2002	June 2003	50
Pasir Mas Integrated Transport City, Kelantan (2nd Phase)* ^1	Design and build	September 2002	March 2005	52
Pasir Mas Integrated Transport City, Kelantan*^1	Construction	June 2002	October 2005	155
	Description of works	Estimated date of commencement	Estimated date of completion	Estimated Total Value
				RM'million
Projects tendered
Kuala Pilah Seremban bridge#1	Construction	June 2002	November 2004	28
Jambatan Sungai Galas, Kelantan#1	Construction	June 2002	November 2004	29
Projects to tender
Alam Perdana, Phase 2A#1	Construction	June 2003	July 2004	60
Alam Perdana, Phase 2B#1	Construction	June 2003	July 2004	60
Mosque, Klang Utara^1	Construction	July 2002	December 2003	32
Industrial Centre, Papua New Guinea^1	Construction	June 2002	May 2004	36
Mix development, Ijok^2	Construction	December 2002	December 2004	20
Total				718

Notes:
* Based on negotiated basis.
# Reflected in the profit estimates, forecasts and projections.
^ Not reflected in the profit estimates, forecasts and projections.
1. Contracts secured/to be secured/tendered/to tender from third parties.
2. Contracts secured/to be secured/tendered/to tender from related parties.






Table 4 - Share capital

	No. of 'ordinary shares of RM1.00 each
	'000
Existing	19,980
The Proposed Capital Reconstruction	(15,984)
After the Proposed Capital Reconstruction	3,996
Proposed Acquisition of PEHSB	2,066
To be issued pursuant to the Proposed Rights Issue	23,976
To be issued pursuant to the Proposed Special Issue	4,500
To be issued pursuant to the Proposed Private Placement	8,000
	42,538
To be issued assuming full conversion of the ICPS	27,442
Total enlarged share capital	69,980

Table 5 - NTA

		(I)	(II)	(III)	(IV)	(V)	(VI)	(VII)
	Audited as at 31 January 2001	After the Proposed Capital Reconstruction	After (1) and the Proposed Debt Settlement	After (II) and the Proposed Acquisition of PEHSB	After (III) and the Proposed Rights Issue	After (IV) And the Proposed Special Issue	After (V) and the Proposed Private Placement	After (VI) and the full conversion of ICPS*
	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000
Share capital
- Ordinary share capital	19,980	3,996	3,996	6,062	30,038	34,538	42,538	69,980
- ICPS	-	-	27,442	27,442	27,442	27,442	27,442	-
Exchange fluctuation reserve	(38)	(38)	(38)	(38)	(38)	(38)	(38)	(38)
Accumulated losses	(115,421)	(99,437)	(32,382)#	(33,382)##	(33,382)	(33,382)	(33,382)	(33,382)
Shareholders' funds	(95,479)	(95,479)	(982)	(84)	24,060	28,560	36,560	36,560
Less: Intangible assets	-	-	-	-	-	-	-	-
NTA	(95,479)	(95,479)	(982)	(84)	24,060	28,560	36,560	36,560
Net (liabilities)/ NTA per share (RM)	(4.78)	(23.89)	(0.25)	(0.01)	0.81	0.83	0.86	0.52

Notes:

# Assuming that 50% debt waiver amounting to RM45,736,792 and the writing back of interest accrued from 30 November 1998 to 31 January 2001 owing to the Lenders amounting to approximately RM21,318,885.

## After deducting the estimated expenses for the Revised Proposed Recapitalization Exercise of RM1.0 million.

* Assuming that all the ICPS are converted at RM1.00 each.






Table 6 - Shareholdings

			(I)		(II)		(III)		(IV)		(V)		(VI)
	Audited as at 31 January 2001		After the Proposed Capital Reconstruction		After (I) and the Proposed Acquisition of PEHSB		After (II) and the Proposed Rights Issue		After (III) and the Proposed Special Issue		After (IV) and the Proposed Private Placement		After (V) and the full conversion of ICPS*
	RM'000	%	RM'000	%	RM'000	%	RM'000	%	RM'000	%	RM'000	%	RM'000	%
Existing shareholders	19,980	100.0	3,996	100.0	3,996	65.9	27,972	93.1	27,972	81.0	27,972	65.8	27,972	40.0
Vendors of PEHSB	-	-	-	-	2,066	34.1	2,066	6.9	2,066	6.0	2,066	4.8	2,066	2.9
Lenders	-	-	-	-	-	-	-	-	-		-		27,442*	39.2
New shareholders	-	-	-	-	-	-	-	-	4,500	13.0	12,500	29.4	12,500	17.9
	19,980	100.0	3,996	100.0	6,062	100.0	30,038	100.0	34,538	100.0	42,538	100.0	69,980	100.0

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