PRESS RELEASE   
FOR IMMEDIATE RELEASE
4 May 2000

Subject :

• TENTH ANNUAL GENERAL MEETING HELD ON 4 MAY 2000

Contents :-

On behalf of the Board of Directors of AIC, I am pleased to announce that the shareholders present at the Tenth Annual General Meeting of AIC Corporation Berhad ("Company") held at Topas Room, Ground Floor, Hyatt Regency Saujana, 2 km, Off Sultan Abdul Aziz Shah, Airport Highway, Saujana, 47200 Subang, Selangor Darul Ehsan on Thursday, 4 May 2000 has passed the following Ordinary Resolution:

ORDINARY RESOLUTION
- Authority to allot and issue shares in general pursuant to
  Section 132D of the Companies Act, 1965

"THAT, subject always to the approvals of the relevant authorities, the Directors be and are hereby empowered pursuant to Section 132D of the Companies Act,1965, to allot and issue shares in the Company at any time and upon such terms and conditions and for such purposes as the Directors may in their absolute discretion deem fit, provided that the aggregate number of shares to be issued pursuant to this resolution does not exceed ten per centum (10%) of the total issued share capital of the Company at the time of issue and the Directors are hereby further empowered to obtain approval for the listing of and quotation for the additional shares so issued on the Kuala Lumpur Stock Exchange and that such authority shall continue in force until the conclusion of the next Annual General Meeting of the Company."

4 May 2000
Ref: 037