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Q&A Session

Dear Investors,

Thank you very much for the questions and the opportunities to clarify them. We hope you have a better understanding of our business through this online exchange. Your questions will be reposted in blue followed by our replies in black.

Regards,
The Management Team
Bursa Malaysia Berhad

Dear Lee Chun Hong, you wrote:

1) Why the sudden surge in cash balance?

Higher cash balance is due to more funds from operations, higher cash margins received by Bursa Derivatives Clearing and cash collateral for Securities Borrowing and Lending(SBL) activities.

2) What is inside Trade Payable balance? Does this balance coincide with cash balance?

Trade payables comprise cash margins & cash collateral for SBL as well as accrued interest on these balances. The accrued interest amount included in trade payables as at 30 June 2007 was RM1.0m.

3) Out of RM1.2bn cash, RM600mn is the excess cash that can be distributed?

The "financial resources available for use" of approximately RM600m does not represent the excess cash that can be distributed. These are cash resources available for the Group to use as working capital, capital expenditure and also to cover other financial requirements such as contribution to Clearing Guaranteed Fund(CGF) and dividends.

4) Could I have 5 years historical excess cash balance?

The "financial resources available for use" could be derived as follows: "Cash and Bank Balances + Short Term Investments + Other Investments - adjusted Trade Payables* - CGF contribution from Trading Clearing Participants(TCPs)"

Note: *Adjusted Trade Payables = Trade Payables less accrued interest

Thank you very much!

Dear Jack, you wrote:

Congrats on the good results! Here are my questions:

1) Any plan to make the ETF available for public?

Exchange Traded Funds(ETFs) are currently traded on the stock exchange, hence are available to the public. Just like stocks, investors can buy and sell ETFs throughout the trading day, via their broker.

2) Is Bursa going to organise any seminars or tutorials to educate the public how to trade better?

Yes, plans for the retail investor roadshows for 2H07 are currently being developed, details of which will be announced in due course.

3) If I want to learn to trade ETF, warrant or derivatives, Where should I go to?

Bursa Malaysia's Website : www.bursamalaysia.com

4) With so many recent case like Transmile and etc.. How does Bursa ensures that Directors of PLC are being penalise fairly?

Firstly, enforcement action against directors are taken on directors who have blatantly disregarded compliance with the Listing Requirements(LRs). This needs to be established through various enquiries and investigation and once this has been established, the nature of the breach must also be taken into consideration in determining whether to proceed with director enforcement. Nature of the breach would involve materiality of the transaction/event, whether it is a related party transaction and whther the breach is capable of rectification.

ii.

Once a prima facie case is established against the director, a notice to show cause will be issued whereby he will given a specific time to make representation in writing as to why Bursa should not find him in breach of the LR for causing, aiding and/or abetting the Company and/or for permitting knowingly the Company to breach the LR.

iii.

Based on the reply to the notice to show cause, Bursa will make an assessment whether the director's explanation is acceptable or not. The assessment will be done by a Regulations Management Committee(RMC) which comprises of Heads from the Regulations and Legal. After taking into consideration all facts and circumstances of the case/breach, the RMC will decide on whether the director is involved directly or indirectly in the breach committed by the PLC. The penalty to be proposed to the Listing Committee will be decided based on mitigating and aggravating factors specific to the director. Aggravating factors will include amongst others, whether the director had personally profited from the breach by the PLC or has been grossly negligent or blatantly disregarded the LR.

iv.

Prior to the Listing Committee (which consists of representatives from various distinguished organisations) deciding on the imposition of the penalty to the director, the director will also be given the opportunity to make oral representations before the Listing Committee.

The type of penalty decided by the Listing Committee will also be based on mitigating and aggravating factors specific to the director.

vi.

Once the penalty have been imposed, the affected director has another chance to appeal to Bursa on the penalty imposed. His appeal will be heard by the Appeals Committee.The Appeals Committee's decision will be considered final.

5) Why are there more China companies prefer to be listed in S'pore or HK rather than M'sia? Is it due to some of the rulling?

We are always vigilant on the competitiveness of stock exchanges regionally. In this respect, we, together with the Securities Commission (SC), have amended our Listing Requirements in April 2007 to facilitate cross border listings and also to align with guidance notes issued by SC on the same. In addition, we have conducted roadshows and conferences, both local and overseas, to promote our competitiveness and attractiveness as a listing destination for foreign companies.

6) When the market here seems to be more bullish... What is Bursa doing about it?

In respect of the retail market - Bursa will be embarking on a retail campaign which aims to develop the young investor segment. The long term goal of the campaign to to initiate a mind shift, where investments in securities becomes a natural option among the young investors.

Following the old Chinese proverb "Tell Me. I'll Forget; Show Me, I'll Remember, Involve Me, I'll Understand", the approach of this retail campaign is for Bursa to be more visible to and engaging with the young. This we hope to achieve with the "What If" Campaign and the Online Trading Game, targetted to be launched in the coming few weeks.

Thanks.

Dear Jean, you wrote:

Can the management team provide a general guidance on the growth prospect?

The Group's financial performance is largely driven by the level of activities on the equity and derivatives markets. The equity market is expected to be driven by the implementation of projects under the Ninth Malaysia Plan and in the Iskandar Development Region, corporate activities, Government incentives and initiatives and sound fundamentals.

The effects of the equity market is expected to continue to spill over to the derivatives market, mainly in trading of FKLI contracts. Interest in FCPO contracts has generally been on the upward trend. Demand is expected to continue to improve in tandem with the interest in biodiesel.

Dear Chiew Chee Hou, you wrote:

With so many recent case like Transmile and etc.. How does Bursa ensures that Directors of PLC are being penalise fairly?

Same answer as above.

Dear J One Chen, you wrote:

1) If I want to learn to trade EFT, warrant or derivatives, Where should I go to?

Same answer as above.

2) Is Bursa going to organise any seminars or tutorials to educate the public how to trade better?

Same answer as above.

Dear Investors,

We have come to the end of the Q&A session. Thank you for all your questions and interest in Bursa Malaysia Berhad. We have enjoyed and learnt much from your questions and we hope that you now have a better insight of our Company and operations.

Regards,
The Management Team
Bursa Malaysia Berhad