Investor Relations - News

Placement Of Up To 15, 871, 000 New Ordinary Shares Of S$0.25 Each In The Capital Of MTQ Corporation Limited

Further to the announcement made on 30 March 2004 in relation to the proposed placement (the "Placement") of up to 15,871,000 new ordinary shares of S$0.25 each in the capital of the Company (the "New Shares"), the Board of Directors wishes to announce that the Singapore Exchange Securities Trading Limited ("SGX-ST") has granted its in-principle approval (the "In-Principle Approval") for the listing and quotation of the New Shares on the Official List of the SGX-ST.

The In-Principle Approval is not to be taken as an indication of the merits of the Placement.


BY ORDER OF THE BOARD
MTQ CORPORATION LIMITED



FONG CHOON SENG
COMPANY SECRETARY