PROTASCO BERHAD ("PB" OR "THE COMPANY") ARTICLE ENTITLED : "PROTASCO TO BUILD UP NICHE IN PAVEMENT RECYCLING"

## fields Type :: Reply to query Subject :: PROTASCO BERHAD ("PB" OR "THE COMPANY") : ARTICLE ENTITLED : "PROTASCO TO BUILD UP NICHE IN PAVEMENT RECYCLING" ## fields Reply to Bursa Malaysia's Query Letter - Reference ID :: KM-050128-39199 ## para Contents : ## para With reference to Bursa Malaysia Securities Berhad’s query letter dated 28 January 2005 on the article entitled "Protasco to build up niche in pavement recycling" appearing in the Star, StarBiz, page 2 on Friday , 28 January 2005, we wish to clarify that after making due and diligent enquiries with all directors, major shareholders and all such persons reasonably familiar with the operations of the Group, the following excerpt from the aforesaid article: ## para “Protasco expects approximately RM45 mil ion net profit for the fourth quarter to December 2004 ….” ## para refers to the internal target set by PB group. It is an internal practice for PB group of companies to set yearly targets for profit. ## para PB had achieved a cumulative profit after tax and minority interest of RM35.9 million for the third quarter ended 30 September 2004 and based on that achievement, at the last Board of Directors’ meeting held on 24 November 2004, the internal target profit after tax and minority interest for financial year ending 31 December 2004 has been revised to RM44 million. The said internal target has not been reviewed by the external auditors. ## para Query Letter Contents : ## para We refer to the above article appearing in the Star, StarBiz, page 2 on Friday, ## para 28 January 2005, a copy of which is enclosed for your reference. ## para In particular, we would like to draw your attention to the underlined sentence, ## para which is reproduced as follows:- ## para "Protasco expects approximately RM45mil in net profit for the fourth quarter to ## para December 2004...." ## para In accordance with Bursa Malaysia Securities Berhad's ("Bursa Securities") ## para Corporate Disclosure Policy, you are requested to furnish Bursa Securities with ## para an announcement for public release confirming or denying the above reported ## para article and in particular the underlined sentence after due and diligent ## para enquiry with all the directors, major shareholders and all such other persons ## para reasonably familiar with the matters about which the disclosure is to be made ## para in this respect. In the event you deny the above sentence or any other part of ## para the above article, you are required to set forth facts sufficient to clarify ## para any misleading aspects of the same. In the event you confirm the above sentence ## para or any other part of the above article, you are required to set forth facts ## para sufficient to support the same, including the relevant basis and assumptions in ## para arriving at the above forecast. In this respect, you are also required to ## para confirm whether the accounting bases, calculations and assumptions have been ## para reviewed by the external auditors. ## para Please furnish the Exchange with your reply within one (1) market day from the ## para date hereof. ## para Yours faithfully ## para INDERJIT SINGH ## para Sector Head ## para Issues & Listing ## para Group Regulations ## para CKM ## para Copy to : Securities Commission (via fax)