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					TABLE 1:   Effect of Proposed Bonus Issue on Share Capital

                                                                        Minimum               Maximum
                                                                        Scenario               Scenario
                                                                      Assuming no            Assuming all
                                                                    further exercise        ESOS options
                                                                    of ESOS options        granted and LBA
                                                                    granted and LBA          Warrants are
                                                                        Warrants              exercised
                                                                         (No. of                (No. of
                                                           Note     LBAlum Shares)         LBAlum Shares)

               Issued and paid-up share capital of                        67,849,667           67,849,667
               LBAlum as at 31 October 2003 (audited)

               Add:
               Maximum number of LBAlum Shares to be
                issued by the Company in respect of:-
                 - Exercise of outstanding ESOS options      1                       -          3,107,000
                              st
                   granted (“1 Offer”)
                 - Exercise of outstanding ESOS options      2                       -            261,400
                              nd
                   granted (“2 Offer”)
                 - Exercise of Warrants                      3                       -         32,650,333

               Pro-forma LBAlum Shares as at                              67,849,667          103,868,400
                  Entitlement Date

               No. of Bonus Shares to be issued                           50,887,250           77.901,300
                pursuant to the Proposed Bonus Issue

               Issued and paid-up share capital of                       118,736,917          181,769,700
                 LBAlum after the Proposed Bonus
                 Issue

           Notes:-
                                                                         st
           1        Represents the ESOS options granted from the 1            Offer on 1 March 2002 which
                    remained unexercised.
                                                                    nd
           2        Represents the ESOS options granted in the 2 Offer on 23 October 2003 which
                    remained unexercised. As at 30 April 2004, save for senior management, other eligible
                    employees can only exercise up to 30% of their respective entitlements.

           3        Represents the outstanding LBA Warrants unexercised as at 31 October 2003.
         TABLE 2:          Effect of Proposed Bonus Issue on NTA

                                                               Minimum Scenario
                                     Assuming no further exercise of ESOS options granted and LBA Warrants
                                                                               Capitalisation for    After the
                                                               Audited as at     the Proposed     Proposed Bonus
                                                             31 October 2003      Bonus Issue          Issue
                                                                 (RM’000)          (RM’000)          (RM’000)

                               LBAlum Shares                           67,850              50,887                118,737

                               Reserves:-
                               Share premium                              714                    -                 ^ 614
                               Revaluation reserve                      2,364                    -                 2,364
                               Exchange reserve                            10                    -                    10
                               Retained profits                        54,964             (50,887)                 4,077
                               Shareholders funds / NTA               125,902                    -               125,802

                               NTA per LBAlum Share (RM)                  1.86                 N/A                  1.06


                           Note:

                           ^          After deducting estimated expenses of RM100,000.


                                                  Maximum Scenario
                           Assuming all ESOS options granted and LBA Warrants are exercised
                                                                           Total before
                                             Assuming full Assuming full capitalization Capitalisation
                               Audited as at  exercise of    exercise of      for the        for the   After the
                                31 October ESOS options outstanding         Proposed        Proposed   Proposed
                                   2003        granted *     Warrants **   Bonus Issue Bonus Issue Bonus Issue
                                 (RM’000)      (RM’000)       (RM’000)       (RM’000)       (RM’000)   (RM’000)

LBAlum Shares                         67,850              3,368           32,650          103,868           77,901         181,769

Reserves:-
Share premium                            714              1,097           42,446           44,257          (24,487)        ^ 19,668
Revaluation reserve                    2,364                  -                -            2,364                 -           2,364
Exchange reserve                          10                  -                -               10                 -              10
Retained profits                      54,964                  -                -           54,964          (53,414)           1,551
Shareholders funds / NTA             125,902              4,465           75,096          205,463                 -        205,362

NTA per LBAlum Share (RM)                1.86               N/A               N/A             1.98               N/A          1.13


                           Notes:-

                           Based on the following:-

                           *          the 3,368,400 ESOS options granted is at the following exercise prices:-
                                               Exercise Price          No. of ESOS Options
                                                  RM1.28                        3,107,000
                                                  RM1.87                          261,400

                           **         the exercise price of the 32,650,333 outstanding LBA Warrants is RM2.30 per
                                      LBAlum Share.


                           ^          After deducting estimated expenses of RM100,000.
         TABLE 3:                Effect of Proposed Bonus Issue on Directors and Substantial Shareholders’
                                 Interests

                                                                            Minimum Scenario
                                                 Assuming no further exercise of ESOS options granted and LBA Warrants
                                                  Existing as at 31 October 2003       After the Proposed Bonus Issue
                                                      Direct             Indirect          Direct            Indirect
           Directors and                             No. of       %      No. of   %       No. of      %      No. of    %
           substantial shareholders                LBAlum              LBAlum          LBAlum              LBAlum
                                                    Shares              Shares          Shares              Shares

           Dato’ Mohd Ghazali                             809   Neg.                -          -       1,416        Neg.                 -   -
           Bin Mohd Khalid *

           Leow Chong Howa *                     17,166,630     25.30               -          -   30,041,603       25.30                -   -

           Mark Wing Kong *                          941,000     1.39               -          -    1,646,750        1.39                -   -

           Leow Sok Hoon *                       11,362,829     16.75               -          -   19,884,951       16.75                -   -

           Leow Chong Fatt *                         653,652     0.96               -          -    1,493,891        0.96                -   -

           Yap Chee Woon *                           158,800     0.23               -          -     277,900         0.23                -   -

           Leow Keng Soon                           7,317,050   10.78               -          -   12,804,838       10.78                -   -


                     Note:-

                     *        Also Directors of LBAlum.


                                                                            Maximum Scenario
                                                                   Assuming all ESOS options granted
                                  Existing as at 31 October 2003     and LBA Warrants are exercised                  After the Proposed Bonus Issue
                                     Direct             Indirect         Direct           Indirect                         Direct          Indirect
Directors and                       No. of      %      No. of    %      No. of    %        No. of %                     No. of      %      No. of   %
substantial shareholders          LBAlum             LBAlum           LBAlum            LBAlum                        LBAlum             LBAlum
                                   Shares             Shares           Shares            Shares                        Shares             Shares

Dato’ Mohd Ghazali                    809    Neg.           -    -        13,475        0.01             -      -      23,581     0.01           -   -
Bin Mohd Khalid *

Leow Chong Howa *              17,166,630 25.30             -    -   25,449,945 24.50                    -      -   44,537,404   24.50           -   -

Mark Wing Kong *                  941,000    1.39           -    -      1,261,500       1.21             -      -    2,207,625    1.21           -   -

Leow Sok Hoon *                11,362,829 16.75             -    -   17,044,243 16.41                    -      -   29,827,425   16.41           -   -

Leow Chong Fatt *                 653,652    0.96           -    -      1,380,477       1.33             -      -    2,415,835    1.33           -   -

Yap Chee Woon *                   158,800    0.23           -    -       488,800        0.47             -      -     855,400     0.47           -   -

Leow Keng Soon                  7,317,050 10.78             -    -      8,661,287       8.34             -      -   15,157,252    8.34           -   -


                     Note:-

                     *        Also Directors of LBAlum.

				
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