RM150 MILLION ISLAMIC PRIVATE DEBT SECURITIES FACILITY JOINTLY LEAD ARRANGED BY MIDF AMANAH INVESTMENT BANK BERHAD & BANK MUAMALAT MALAYSIA BERHAD FOR SABAH PORTS SDN BHD

Kota Kinabalu, Thursday, 1 March 2007 - A RM150.0 million Islamic Private Debt Securities Facility (“PDS”) was arranged and advised by MIDF Amanah Investment Bank Berhad (“MIDF Investment”) and Bank Muamalat Malaysia Berhad for port services management company, Sabah Ports Sdn Bhd (“SPSB”) .

The RM150.0 Million Islamic Securities comprises RM80 Million Bai’ Bithaman Ajil Islamic Debt Securities (“BAIDS”) and up to RM70 Million Murabahah Underwritten Notes Issuance Facilities (“MUNIF”)/ Islamic Medium Term Notes Facilities (“IMTN”) (“the Facility”). The proceeds from the issuance of the Facility will be utilised by SPSB to finance its capital expenditure and working capital requirements.

In his speech at the signing ceremony for the Facility, YBhg Dato’ Megat Hisham Megat Mahmud, Chief Executive Officer of MIDF Investment congratulated SPSB on its commendable investment grade rating as the BAIDS and IMTN have been accorded AA3 rating by the Rating Agency Malaysia Bhd, while the MUNIF has been awarded a P1 rating.