Details of Announcement

General Announcement

Reference No C&-990723-804E2

Company Name	:	KIA LIM BERHAD
Stock Name	:	KIA LIM
Date Announced	:	26/07/1999


Type	:	Announcement
Subject	:	YEAR 2000 (Y2K) DISCLOSURE BY PUBLIC LISTED COMPANIES

Contents :

On behalf of the Board of Directors of Kia Lim Berhad, we are pleased to announce the following :

1. Details of your company and subsidiaries' progress in relation to its activities to address the Y2K issue.

Kia Lim Berhad is not Y2K ready.

Description of Non Y2K System	Criticallity of system (critical or not critical)	Status of readiness (at which stage & percentage of completion)	Estimated date being Y2K ready
Payroll Program	Not Critical	Standard software Y2K version available for upgrade immediately	By 30 September 1999
Personal Computers	Not Critical	Upgrade 386 & 486 Pcs to Pentium CPU	By 30 September 1999

2. The impact of the Y2K issue if your company and/or subsidiaries fail to be Y2K Ready or are unable to achieve full readiness by the estimated date(s) mentioned above.

No impact. The above system is low in risk and only reports are affected if the software is not Y2K ready.
3. The exposure of your company and/or subsidiaries to third parties who have material business relationships with your company or subsidiaries in relation to the third parties' Y2K readiness.
No exposure. Computer system is not linked to third party computers.
4. The total cost your company and subsidiaries have incurred or is expected to incur to address the Y2K issue. .

Estimated to be RM20,000.00.

5. Describe your company and subsidiaries' contingency plans in relation to the Y2K issue to ensure continued operations.

No contingency plans made as Kia Lim Berhad is confident that computer hardware and software would be Y2K ready before year end. As a precaution, they may not operate the computer system on 31 December 1999 to 1 January 2000.

Your faithfully
SIGNET & CO SDN BHD

LEONG OI WAH
Director

c.c. Kia Lim Berhad

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