NOVA MSC BERHAD (“NMSC” OR THE “COMPANY”) – PROPOSED SHAREHOLDERS’ RATIFICATION FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (“PROPOSED SHAREHOLDERS’ RATIFICATION”); AND – PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (“PROPOSED SHAREHOLDERS’ MANDATE”) (COLLECTIVELY REFERRED TO AS “THE PROPOSALS”)

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Reference is made to the earlier announcement made on 5 July 2004 with regards to the “Proposed Shareholders’ Ratification”.
On behalf of the Board of Directors of NMSC, OSK Securities Berhad wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”), vide its letter dated 30 July 2004, had approved the Company’s application to be allowed to obtain shareholders’ ratification for recurrent related party transactions (“RRPT’s”) entered into from 19 August 2003 (listing date of NMSC) up to its forthcoming Annual General Meeting / Extraordinary General Meeting.

The Company is also required to comply with disclosure obligations in relation to RRPTs, as set out in Rule 6.8 and Guidance Notes No. 12 of the Listing Requirements for the Mesdaq Market of Bursa Securities.

This announcement is dated 26 August 2004.