Press Releases MARC WITHDRAWS ITS RATINGS ON BUMI ARMADA NAVIGATION SDN BHD’S RM80 MILLION MURABAHAH NOTES ISSUANCE / ISLAMIC MEDIUM-TERM NOTES FACILITY

Monday, Jun 20, 2005

MARC has received confirmation from Bumi Armada Navigation Sdn Bhd that its RM80 million Murabahah Notes Issuance / Islamic Medium-Term Notes facility has been fully redeemed and it has arranged for the release/discharge of the security created in respect of the above facility. As such, MARC no longer has any rating obligation on the facility and the MARC-1ID/AA-ID rating is hereby withdrawn.