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Renounceable Rights Issue

16-07-2008

Alliance Investment Bank Berhad wishes to announce that as at the close of acceptance and payment for the Rights Issue at 5.00 p.m. on 14 July 2008, the Rights Shares with Warrants and Bonus Shares have been over-subscribed by 90.41% over the total number of 11,000,000 Rights Shares with 11,000,000 Warrants and 11,000,000 Bonus Shares available for subscription under the Rights Issue.

The details of acceptances and excess applications received as at the close of acceptance and payment for the Rights Issue as at 5.00 p.m. on 14 July 2008 are set out in the table below:


No. of Rights Shares with Warrants and Bonus Shares

%

Acceptances

10,271,822

93.38

Excess applications

10,672,793

97.03

Total acceptances and excess applications received

20,944,615

190.41

Total Rights Shares with Warrants and Bonus Shares available for subscription

11,000,000

100.00

Over-subscription

9,944,615

90.41


The Board has approved the basis of allocation for the excess Rights Shares with Warrants and Bonus Shares applied for under the Rights Issue in the following priority:

(i) Firstly, to minimise the incidence of odd lots; and

(ii) Secondly, for allocation to applicants who applied for excess Rights Shares with Warrants and Bonus Shares on a pro-rata basis calculated based on the quantum of excess Rights Shares with Warrants and Bonus Shares applied for.