Investor Relations - News

Application For Waiver From Complying With Rule 1014 Of The Listing Manual In Relation To The Acquisition Of The Businesses Of The AFI Group [Comprising Adelaide Fuel Injection Service Pty Ltd ("AFIS"), Adelaide Fuel Injection Parts Pty Ltd ("AFIP") And Rund Pty Ltd ("RUND")] By MTQ Engine Systems (AUST) Pty Ltd ("MTQES"), A Wholly-Owned Subsidiary Of MTQ Corporation Limited

Further to the Company's announcement on 20 August 2003, the Board of Directors of MTQ Corporation Limited (" MTQ" or "the Company") is pleased to announce that the Singapore Exchange Securities Trading Limited ("SGX-ST") has on 8 September 2003 approved the Company's application for a waiver from the requirement to obtain shareholders' approval for the acquisition of the businesses of AFI Group under Rule 1014 of the Listing Manual.


BY ORDER OF THE BOARD



FONG CHOON SENG
COMPANY SECRETARY