MIDF DECLARES 9 SEN ANNUAL DIVIDEND AT AGM

Kuala Lumpur, Tuesday, 20 June 2006 - Malaysian Industrial Development Finance Berhad (“MIDF”) announced at its 46th Annual General Meeting that its shareholders had approved a final dividend of 6 sen per share for the year ended 31 December 2005. When added to the interim dividend of 3 sen per share paid in October 2005, the total dividend for the financial year 2005 of 9 sen would be consistent with the dividend payout for the previous year. This represents a dividend yield of 8.3% based on the current MIDF share price of around RM1.08.

At an Extraordinary General Meeting held subsequently, MIDF shareholders passed a special resolution to implement proposed amendments to its Memorandum of Association (“Memorandum”). The proposed amendments to the Memorandum will enable MIDF to expand the range of financial products and services that it is able to offer, thus presenting more options to its potential clients. This will in turn facilitate the growth of MIDF’s total portfolio of financial assets.

HIGHLIGHTS OF ANNUAL REPORT AND ACCOUNTS 2005
The MIDF Group recorded a turnover of RM578.9 million with a pre-tax profit of RM119.4 million and a net profit of RM63.0 million for the year ended 31 December 2005. Net earnings per share for the year was 6.6 sen.