The following is the announcement by Malaysian Pacific Industries Berhad made to KLSE regarding the

"41ST ANNUAL GENERAL MEETING AND EXTRAORDINARY GENERAL MEETING"

A. 41st Annual General Meeting ("AGM")

At the 41st AGM of the Company held on 12 November 2002, the shareholders of the Company had approved all the ordinary and special businesses as set out in the notice of the AGM.

B. Extraordinary General Meeting ("EGM")

The ordinary resolutions pertaining to the following matters were approved by the shareholders of the Company at the EGM convened immediately after the conclusion of the 41st AGM:-

(a) renewal of purchase of own shares by the Company;

(b) shareholders' mandate on recurrent related party transactions of a revenue or trading nature with Hong Leong Company (Malaysia) Berhad ("HLCM") and persons connected with HLCM; and

(c) shareholders' mandate on recurrent related party transactions of a revenue or trading nature with YBhg Tan Sri Dato Zaki bin Tun Azmi and persons connected with him.