TABLE 1 � PROPOSED VARIATION

							    TABLE 1 – PROPOSED VARIATION


    The Private Placement raised total gross proceeds of RM13.61 million which is proposed to be utilised as
    follows: -

                                                                         Proposed Variation

                                                       Notes                                RM’000

    Repayment of bank borrowings                         (a)                                  5,000
    Working capital                                      (b)                                  8,611
                    Total                                                                    13,611

            Notes:-

            (a)       Repayment of Bank Borrowings
                      The Company intends to utilise approximately RM5.0 million from the proceeds to repay the
                      existing financing facility of the Group, details of which are as follows:-



                                                         Principal
          Bank             Borrower         Limit      Outstanding
                                                                         Type Of
                                                           As At                                                    Interest Rate
                                                                         Facility       Terms of Repayment
                                                       27 April 2009
                                          RM’000          RM’000                                                          %

                                                                                           6 quarterly
                                                                                           repayments to mature
       AmBank (M)        SAAG
                                                                                           on 25 July 2010 or         COF + 1.5
         Berhad          Consolidated      45,000         45,000        Term Loan
                                                                                           receipt of Rights        (approx. 5.1%)
      (“AmBank”) *       (M) Bhd
                                                                                           Issue proceeds,
                                                                                           whichever is earlier

                         TPS Builders
    Union Bank India                       2,100           1,359         Overdraft         Bullet repayment          approx. 18%
                         Ltd




*   Pursuant to the internal business reorganization exercise of the AMMB Holdings Berhad group of companies, all fund-based
    activities in credit/lending operations of AmInvestment Bank Berhad for conventional business was consolidated under AmBank
    (M) Berhad via a vesting order which came into effect on 12 April 2008. As such, this term loan which was originallyprovided
    by AmInvestment Bank Berhad on 6 November 2007 has since been transferred to AmBank (M) Berhad

            (b)       Working Capital Requirements
                      The Company intends to utilise part of the proceeds for the working capital requirements of the
                      day-to-day operations/business of the SAAG Group, in areas related to the Group's principal
                      businesses, as well as to defray the expenses arising from the Company’s fund raising proposals
                      including the Private Placement, Proposed Rights Issue (defined below) and its proposed issuance
                      of exchangeable bonds.

                      In the event there is a surplus after paying off the estimated expenses and the repayment of bank
                      borrowings, the surplus will be further utilised for working capital purposes.