General Announcement Reference No O&-060505-62472

Submitting Merchant Bank	:	K & N KENANGA BHD
Company Name	:	ASIAEP BHD (MESDAQ Market)
Stock Name	:	ASIAEP
Date Announced	:	05/05/2006

Type	:	Announcement
Subject	:	ASIAEP BERHAD ("ASIAEP" OR THE "COMPANY") NOTICE OF EXTRAORDINARY GENERAL MEETING ("EGM")

Contents :

K&N Kenanga Berhad, on behalf of asiaEP Berhad, wishes to announce that an EGM will be held on Tuesday, 23 May 2006 at 10:00 a.m. at Merbau Room, Cyberview Lodge Resort & Spa, Persiaran Multimedia, 63000 Cyberjaya, Selangor Darul Ehsan for the purpose of considering and, if thought fit, passing with or without modifications, the resolution pertaining to the proposed acquisition of the entire issued and paid-up share capital of Conversant Solutions Pte Ltd (the "Proposed Acquisition").

The Circular to Shareholders dated 8 May 2006 in relation to the Proposed Acquisition will be dispatched together with the Notice of EGM to shareholders of the Company.

The Notice of EGM, which will be published in The New Straits Times on 8 May 2006, is attached.

This announcement is dated 5 May 2006.