MARC has received confirmation that the holders of Puncak Niaga (M) Sdn Bhd’s (“PNSB”) RM1.02 billion Bai Bithaman Ajil Islamic Debt Securities (“BaIDS”) at a meeting held on 19 October 2005, have given their consent to extend the tenures of the BaIDS subject to SC approval. In addition, the BaIDS holders also approved the resolutions relating to the revision of the profit payment in respect of the BaIDS for the extended tenure and approval for PNSB to invest monies in the DSRA in certain permitted investments. The proposed restructuring exercise will not have any impact on the AAID rating of PNSB’s BaIDS.