Labuan, Thursday, 4 August 2005 –The total market capitalisation of Labuan International Financial Exchange (LFX) has reached USD12.09 billion with the primary listing of USD600 million guaranteed notes issued by Sarawak International Incorporated (SII), a wholly-owned subsidiary of SGOS Capital Holdings Sdn Bhd (SGOS).

The latest listing brings the number of total listings on LFX to 32 and it expands the diversity of LFX’s range of financial instruments, which now comprise of six (6) Syariah-compliant certificates (Sukuk), six (6) open-ended funds and twenty (20) conventional debt securities and exchangeable bonds.

The issue is a US$600,000,000 10-year guaranteed notes due 2015 (“Notes”) guaranteed by SGOS Capital Holdings Sdn Bhd (“SGOS”). The Notes, which bears an interest rate of 5.50 per cent per annum, have been rated Baa1 by Moody’s Investors Services Limited and A- by Standard & Poor’s Rating Services.

Deutsche Bank AG is the sole lead manager and sole bookrunner for the issue, which was oversubscribed by 3 times, while UBS Limited and RHB (L) Limited are the co-managers.

“This is the second issuance by the government of Sarawak after the Sukuk Trust Certificates issued by Sarawak Corporate Sukuk Inc early this year. We welcome more state government agencies to utilise the various opportunities offered by LFX in Labuan IOFC. LFX and the IOFC could provide the platform to raise funding for development and business,” said Chairman of LFX Board, Yusli Mohamed Yusoff, who is also the Chief Executive Officer of Bursa Malaysia Berhad.

Sarawak International Incorporated (“SII”) is a special purpose company incorporated as a wholly-owned subsidiary of SGOS in the Federal Territory of Labuan, Malaysia under the Offshore Companies Act 1990. The State Financial Secretary of Sarawak in turn wholly owns SGOS whose main business activity is that of holding strategic assets on behalf of the State Government of Sarawak (“State of Sarawak”). A Letter of Support has been issued by the State of Sarawak to support the obligations of SGOS.

The net proceeds of the issue of the Notes will be on-lent by SII to SGOS and applied by SGOS principally for the financing of other government agencies and projects of the State of Sarawak.

The listing sponsor for SII is AmInternational ( Labuan) Limited. A listing sponsor is primarily responsible to arrange for the listing of instruments on the LFX and for any subsequent post listing obligations arising.

About Labuan International Financial Exchange (LFX):

LFX is an international offshore financial exchange based in Labuan, the international offshore financial centre of Malaysia. LFX is web-based at www.lfx.com.my and utilise international networking and electronic communication systems to facilitate exchange listing and trading facilities. LFX facilitates the listing of both conventional and Islamic multi-currency financial instruments and allows the issuer the flexibility to structure instruments for listing that best suit their funding needs. LFX is a company limited by shares and is wholly-owned by Bursa Malaysia Berhad.