Entitlements (Notice of Book Closure)
Reference No O&-060418-40556
Submitting Merchant Bank : K & N KENANGA BHD
Company Name : ASIAEP BHD (MESDAQ Market)
Stock Name : ASIAEP
Date Announced : 19/04/2006


EX-date :05/05/2006
Entitlement date :09/05/2006
Entitlement time :05:00:00 PM
Entitlement subject :Rights Issue
Entitlement description:
The Renounceable Rights Issue of up to 82,777,778 new Warrants in asiaEP Berhad ("asiaEP") ("Warrants") at an issue price of RM0.01 per Warrant on the basis of one (1) Warrant for every three (3) existing ordinary shares of RM0.10 each held in asiaEP at 5:00 p.m. on 9 May 2006 ("Rights Issue of Warrants").
Period of interest payment : to
Financial Year End :
Share transfer book & register of members will be closed from
(both dates inclusive) for the purpose of determining the entitlements
: to
Registrar's name ,address, telephone no:
Sectrars Services Sdn Bhd
28-1 Jalan Tun Sambanthan 3
Brickfields, 50470 Kuala Lumpur

Tel : 03 - 2274 6133
Payment date :
a) Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers :09/05/2006
b) Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit :
c) Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) :82777778
Entitlement indicator :Ratio
Ratio :1 : 3
Rights Issues/Offer Price :0.01
Remarks
The Abridged Prospectus together with its accompanying documents in relation to the Rights Issue of Warrants will be despatched to the entitled shareholders of asiaEP Berhad not later than five (5) market days after the entitlement date.

This announcement is dated 19 April 2006.