(a) Proposed Acquisition of 74.165% of oriental Capital Assurance Berhad ("Oriental") for a Total cash consideration of RM129,805,536 ("Proposed Acquisition"); And (b) Proposed mandatory general offer for the Remaining Ordinary Shares of RM1.00 each In Oriental Which Are Not Already Owned By It ("Offer Shares") for A Cash Consideration Of RM1.75 For Each Offer Share ("proposed Mandatory General Offer"). (Collectively Referred To As The "proposals")

BackFeb 11, 2009
We refer to the announcements dated 27 September 2007 and 22 February 2008 in relation to the Proposals.

On behalf of the Board of Directors of Salcon, MIMB Investment Bank Berhad wishes to announce that Salcon has on 11 February 2009 written a letter to the vendor, Maika Holdings Berhad ("Maika"), to confirm the rescission of the Share Sale Agreement ("SSA") dated 28 August 2007 and to further request for the refund of the deposit paid pursuant to the SSA, after taking into consideration the on-going legal proceedings filed against Maika, and the subsisting restraining order granted against Maika. Salcon is not named as a party in the proceedings.

This announcement is dated 11 February 2009.