(As At 31 January 2008)
(Extracted from Annual Report 2007)
Authorised Share Capital: RM1,000,000,000 divided into 2,000,000,000 ordinary shares of RM0.50 each
Issued and Paid-up Share Capital: RM261,838,175 comprising 523,676,350 ordinary shares of RM0.50 each
Class of Shares: Ordinary shares of RM0.50 each
Voting Rights: One vote per ordinary share
In conjunction with the Initial Public Offering (IPO) of Bursa Malaysia on the Main Board of Bursa Malaysia Securities, options over 55,992,600 ordinary shares of RM0.50 each in the Company have been offered to the existing eligible employees over the Option Period, subject to extension or earlier determination in accordance with the ESOS Bye- Laws. A total of 3,302,500 options were granted to the employees in 2007, including 321,800 options which were granted to 44 new employees on 15 March 2007 at the exercise price of RM8.82 are vested. The allocation of options for each subsequent year over the remaining Option Period will be determined by the Option Committee based on employees’ performance rating in the respective years.
Bye-Laws 13.1 and 13.3 provide that the ESOS subscription price may be adjusted whenever there is an alteration in the capital structure of Bursa Malaysia during the Option Period by way of capital reduction (inclusive of "capital distribution") and any dividend charged or provided for in the accounts pertaining to any period shall be deemed to be a "capital distribution" unless the aggregate dividends declared or provided for the financial year is less than 5% of the five-day weighted average market price (WAMP) of Bursa Malaysia shares immediately prior to the declaration of the dividend. As the aggregate of the interim, special and final dividends of 12.5 sen, 28 sen and 14 sen per share declared on 27 July 2006, 31 October 2006 and 6 April 2007 for the financial year ended 31 December 2006 amounting to a total of 54.5 sen has exceeded 5% of the five-day WAMP of Bursa Malaysia shares immediately prior to the shareholders’ approval of the final dividend on 6 April 2007, the said dividends declared was deemed as "capital distribution" pursuant to Bye-Law 13.3.
In this respect, the ESOS subscription price was adjusted with effect from 27 April 2007 in accordance with the following formula:

The subscription price adjustments for the existing employees are as follows:

The number of shares allotted pursuant to the exercise of options under ESOS as at 31 January 2008 from 1 January 2007 is reflected in the changes in issued and paid-up share capital as set out in the table below.
