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We refer to the letter dated 11 July 2005 from the Bursa Malaysia Berhad in relation to the unusual market activity of the shares of MEASAT Global.
The Board of Directors of MEASAT Global, after having made due enquiry wishes to confirm the following:
1. that there is no corporate develpment relating to the Group's business and affairs that has not been previously announced that may account for the unusual market activity and that neither is there any corporate development which is in the stage of negotiations/discussions;
2. that the Directors are not aware of any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity other than the articles carried by The New Straits Times on 3 June 2005 and 17 June 2005 and The Star (Biz Week) on 18 June 2005 and the Report issued by K&N Kenanga on 31 May 2005 on the 1st Quarter Results of MEASAT Global;
3. that the Directors are not aware of any other possible explanation to account for the unusual market activity; and
4. that to the best of its knowledge, the Company is in compliance with the Bursa Malaysia Securities Berhad Listing Requirements, in particular Paragraph 9.03 on the disclosure of material information.
This announcement is dated 12 July 2005
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