Investor Relations - News

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

Further to the announcements made on 30 March 2004 and 7 April 2004 in relation to the proposed placement of 15,871,000 new ordinary shares of S$0.25 each (the "New Shares") at S$0.40 per placement share in the capital of MTQ Corporation Limited (the "Company"), the Board of Directors of the Company are pleased to announce that the placement agreement entered into with UOB Kay Hian Private Limited (the "Placement Agent") on 30 March 2004, pursuant to which the Placement Agent has agreed to procure subscribers for the New Shares, was completed today.

The New Shares are expected to be listed and quoted on the Official List of the SGX Mainboard from 9.00 a.m. on 14 April 2004.


BY ORDER OF THE BOARD
MTQ CORPORATION LIMITED


FONG CHOON SENG
COMPANY SECRETARY